Jindal Steel & Power's Q1 FY 2025-26 Quarterly Results

Result Summary

• Jindal Steel & Power Ltd reported a 8.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 9.7%.
• Its expenses for the quarter were down by 16.6% QoQ and 12.6% YoY.
• The net profit increased 60.3% QoQ and increased 11.8% YoY.
• The earnings per share (EPS) of Jindal Steel & Power Ltd stood at 14.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jindal Steel & Power Ltd (JSPL) is a prominent player in the steel and power industry, primarily engaged in the production of steel and generation of power. The company has established itself as a significant contributor to the manufacturing sector with a diverse product portfolio that includes iron and steel products. JSPL is known for its advanced manufacturing facilities and has made significant strides in adopting sustainable practices within its operations. While specific recent developments about the company are not provided, the industry typically experiences fluctuations based on global demand and raw material prices, which can influence financial performance.

Revenue

In the latest quarter, Jindal Steel & Power Ltd reported a total income of ₹12,324.88 crores. This marks a decrease from the previous quarter's income of ₹13,521.31 crores, reflecting a quarter-on-quarter decline of 8.8%. When compared to the same quarter in the previous year, where total income was ₹13,652.33 crores, there is a year-over-year decline of 9.7%. This decrease in revenue could be attributed to various factors, including market conditions or changes in product demand, but specific details are not available from the provided data.

Profitability

During the quarter, JSPL's profit before tax was reported at ₹2,017.91 crores, showing a significant increase of 73.5% from ₹1,163.32 crores in the previous quarter. On a year-over-year basis, there was an increase of 8.5% compared to ₹1,859.05 crores in Q1FY25. The tax expense for the quarter was ₹521.91 crores, which represents a substantial quarter-on-quarter increase of 126.9%, while remaining relatively stable year-over-year with a marginal increase of 0.1%. Consequently, the profit after tax stood at ₹1,495.97 crores, an increase of 60.3% from the previous quarter and an 11.8% rise compared to the same period last year. Earnings per share also increased to ₹14.70 from ₹9.30 in the previous quarter, indicating a 58.1% rise, and a year-over-year increase of 10.5% from ₹13.30.

Operating Metrics

JSPL's financial performance this quarter shows a reduction in total expenses, which decreased by 16.6% quarter-on-quarter from ₹12,357.99 crores to ₹10,306.97 crores. Compared to the same quarter last year, expenses decreased by 12.6% from ₹11,793.28 crores. The reduction in expenses has positively impacted profitability as evidenced by the increased profit margins. Although specific operating metrics such as production volumes or capacity utilizations are not detailed in the provided data, the financial metrics offer insight into the company's operational efficiency improvements over the period.