Industrial Products company Jindal Saw announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone: Standalone Total Income Growth: Total income saw a YoY increase of 7%, with a quarterly figure of Rs 50,061 million. Operating Expenses: Showed a moderate increase in raw material costs, a significant rise in staff costs, and a slight decrease in other expenses on a YoY basis. EBITDA Improvement: Experienced a significant increase of 44.4%. Profitability: Profit before tax (PBT) and profit after tax (PAT) noted substantial growth, marking a very successful financial performance. Consolidated: Consolidated Total Income: Increased by 4.3% compared to Q4FY23. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA): Surged by 45.7%. Profitability on Consolidated Basis: PAT had a significant rise of 61.5%. FY24 Financial Highlights: Standalone: Standalone Total Income Growth: Total income saw an annual increase of 16.1% with FY24 total income being Rs 1,82,330 million. Operating Expenses: Similar trends as Q4FY24, but for the full financial year. EBITDA Improvement: Experienced a significant increase of 76.6% for the full financial year. Profitability: Profit before tax (PBT) and profit after tax (PAT) noted substantial growth, marking a very successful financial performance for the fiscal year. Consolidated: Consolidated Total Income: Increased by 17% compared to FY23. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA): Surged by 87.9%. Profitability on Consolidated Basis: PAT had a remarkable rise of 252.6% for the entire fiscal year. Result PDF
Conference Call with Jindal Saw Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Jindal Saw announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Total Income: Rs 56,968 million, representing a YoY growth of Rs 4,946 million (9.5%). EBITDA: Rs 10,298 million, showing a substantial YoY growth of Rs 4,904 million (90.8%). Profit before Tax (PBT): Rs 7,000 million, reflecting a remarkable YoY increase of Rs 4,475 million (177.4%). Profit after Tax: Rs 5,117 million, indicating a significant YoY growth of Rs 3,685 million (258.0%). Consolidated 9MFY24: Total Income: Rs 1,56,336 million, showing a substantial YoY growth of Rs 28,541 million (22.3%). EBITDA: Rs 25,025 million, reflecting a strong YoY increase of Rs 13,377 million (115.0%). Profit before Tax (PBT): Rs 15,488 million, demonstrating a remarkable YoY growth of Rs 12,059 million (346.6%). Profit after Tax: Rs 11,107 million, showing a significant YoY growth of Rs 9,621 million (649.0%). Result PDF