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.