Q2 2025 Jindal Stainless Ltd Earnings Call Transcript
Key Points
- Jindal Stainless Ltd (BOM:532508) maintained stable export volumes despite challenges in ocean freights and weaker economic activity in key markets like the EU and US.
- The company witnessed stable growth in the domestic market, particularly in segments like railway coaches, lift elevators, and white goods.
- Jindal Stainless Ltd (BOM:532508) commissioned its nickel pig iron smelter facility in Indonesia eight months ahead of schedule, aligning with the Atmanirbhar Bharat mission.
- The company has been accredited by Brahmos Aerospace as a qualified vendor for manufacturing and supplying steel sheets and plates for cruise missile applications.
- Jindal Stainless Ltd (BOM:532508) received recognition for its ESG efforts, including the Energy Efficient Unit Award and the Platinum Global Environment Award 2024.
- Export markets faced headwinds due to weaker economic activity in the EU and slowing sectors in the US, impacting sales volumes.
- The company had to revise its volume growth guidance from 20% to 10-15% due to slower-than-expected recovery in export markets.
- There was a slight dip in sales volume on a quarter-to-quarter basis, with a 2% decrease.
- The company is facing challenges with Chinese imports affecting sales in lower-end segments.
- The ramp-up of new projects like Rathi and Rabirun is still in progress, with some delays in achieving breakeven on EBITDA.
Ladies and gentlemen, good day, and welcome to Jindal Stainless Limited Q2 FY25 earnings conference call hosted by Investec Capital Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ritesh Shah, Head of Mid-Market Research Coverage and ESG Analyst materials from Investec Capital Services India Private Limited. Thank you, and over to you, sir.
Thank you, Riddhi. Welcome all for Jindal Stainless quarterly conference call. We have with us the senior management. We have with us Mr. Abhyuday Jindal, Managing Director; Mr. Tarun Khulbe, CEO and Whole Time Director; Mr. Anurag Mantri, Executive Director and Group CFO; and Ms. Shreya Sharma, Group Head, Investor Relations.
I'll hand over the call to Mr. Abhyuday for opening remarks. And post that, we will have a Q&A session. Mr. Abhyuday is available only for 30, 40 minutes. So would request participants to drive the strategic questions in the first half
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