Jindal Steel & Power Ltd (NSE:JINDALSTEL)
₹ 1051.05 15.7 (1.52%) Market Cap: 1.06 Til Enterprise Value: 1.18 Til PE Ratio: 24.80 PB Ratio: 2.35 GF Score: 87/100
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Q1 2025 Jindal Steel And Power Ltd Earnings Call Transcript

Jul 24, 2024 / 12:30PM GMT
Release Date Price: ₹972.45 (+2.06%)

Key Points

Positve
  • Sales volume increased by 4% quarter-on-quarter and 14% year-on-year, reaching 2.09 million tonnes.
  • Adjusted EBITDA for Q1 FY25 was INR 2,831 crores, a 13% increase quarter-on-quarter.
  • PAT surged by 43% quarter-on-quarter to INR 1,338 crores due to higher EBITDA and lower subsidiary losses.
  • Consolidated net debt decreased to INR 10,462 crores from INR 11,203 crores in the previous quarter.
  • The company is on track with its 6 million MTPA expansion project, targeting completion of major facilities by Q4 FY25.
Negative
  • Slight softening of NSR by 1% expected in Q2 FY25.
  • Delays in project completion timelines, with some facilities now expected to be completed a couple of quarters later than initially planned.
  • Challenges faced due to general elections and unprecedented heat waves in Odisha, causing workforce demobilization.
  • Issues with RINL affecting the supply of pellets, impacting production volumes.
  • Uncertainty in the market leading to a cautious approach in providing future volume guidance.
Operator

Ladies and gentlemen, good day and welcome to Jindal Steel & Power Q1 FY25 result conference call hosted by IIFL Securities Ltd. (Operator Instructions)

Please note that this conference is being recorded. And I now hand the conference over to Mr. Anupam Gupta from IIFL Securities Limited. Thank you, and over to you, sir.

Anupam Gupta
IIFL Securities Limited - Moderator

Yes. Thanks, Deepika, and it's my pleasure to host the senior leadership team of Jindal Steel & Power for the 1Q FY25 results conference call. To start off with, I'll hand it over to Vishal Chandak, Head Investor Relations and Strategic Finance for introductions and taking it forward. Over to you, sir.

Vishal Chandak
Jindal Steel And Power Ltd - Head - Investor Relations

Thank you very much, Anupam. Good evening, ladies and gentlemen. Thank you for attending this Q1 FY25 Investor briefing for JS's Q1 call. We have with the senior management from the company, Mr. Sabyasachi Bandyopadhyay, Whole-Time Director; Mr. Pankaj Malhan, CEO

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