Jai Balaji Industries reports 23 pc increase in net profit for first quarter of FY25" /> Jai Balaji Industries reports 23 pc increase in net profit for first quarter of FY25"/>
Friday, Sep 20 2024 | Time 20:11 Hrs(IST)
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Business EconomyPosted at: Jul 29 2024 6:13PM


align="center" style="margin-right: 2.1pt; margin-left: 5.15pt; font-size: 24pt; font-family: "times new roman", serif; margin-bottom: 0.0001pt; text-align: center; line-height: 32.528px;">Jai Balaji Industries reports 23 pc increase in net profit for first quarter of FY25

Kolkata, July 29 (UNI) Jai Balaji Industries Ltd has reported a 23 per cent increase in net profit, reaching Rs 209 crore for the first quarter of FY25, compared to the same period last year.
The company’s Q1FY25 Revenue from Operations also grew by 16 per cent, standing at Rs 1,718 crore, up from Rs 1483 crore in Q1FY24.
Adjusted EBITDA went up to 19 per cent in the quarter, from 14 per cent in the same quarter last year.
The company's strong performance is another milestone in its turnaround story, highlighting its emergence as a producer of value-added products in the iron and steel sector. Jai Balaji 2.0 is focused on specialized products like Ductile Iron (DI) Pipes and specialized Ferro Alloys.

This strategic shift has positioned the company for substantial growth in the future, paving the way for new opportunities. An ongoing capacity expansion with an investment of Rs 1,000 crore will be completed within next twelve months.
Aditya Jajodia, Chairman and Managing Director, said: “We are thrilled to share that Jai Balaji Industries has undergone a remarkable transformation this quarter, characterized by substantial growth. This growth trajectory has been fueled by a remarkable increase in demand for our DI Pipes and specialized Ferro Alloys and other steel products. We are proud to report a noteworthy EBITDA of Rs. 325 crores and Profit after Tax (PAT) of ₹ 209 crores in this quarter. Our strategic emphasis on premium products has been a game-changer. Share of Value added products comprises of around 50% of our revenue, demonstrating their growing importance in our portfolio. We continue to focus on our path to increase the contribution of value added products in our profile of products, which will further strengthen our financial position.”
UNI SJC KK
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