Jindal Stainless Reports 13.11% Dip in Q1FY25 Profit

02 Aug 2024 CW Team

The board of Jindal Stainless has given in-principle approval to raise ?50 billion through equity and/or debt instruments. Managing Director Abhyuday Jindal stated that this resolution is aimed at preparing the company for various growth opportunities, both organic and inorganic.

?The domestic market is expected to expand, with newer sectors anticipated to grow even faster, driving increased demand in the stainless steel industry,? Jindal remarked.

The ongoing Red Sea issue has extended transit times and increased freight costs from India to the US and Europe, the company?s primary markets. ?The bigger impact this quarter was the availability and cost of containers,? Jindal explained during a media interaction post-results. The company is transitioning from container shipping to break-bulk to mitigate these challenges.

To counteract export disruptions, Jindal Stainless has increased sales in Southeast Asia and the Middle East and is exploring entry into the Japanese market. Despite the export challenges, the domestic market has shown steady growth, bolstered by government infrastructure investments. ?We are extremely positive on domestic demand, especially following the Budget outlay on infrastructure, railways, and defence,? Jindal noted.

Sales volumes for the company rose by 5.4% Y-o-Y. Jindal remains optimistic about export recovery, particularly in Europe, although the overall export guidance stays at 10-15%.

Jindal also emphasized the company's interest in partnering with the government on skill development initiatives and is exploring how to leverage government internship schemes for upskilling the stainless steel community.

Jindal Stainless announced a 13.11% year-on-year (Y-o-Y) decline in net profit to ?6.48 billion for the April-to-June quarter (Q1FY25), down from ?7.46 billion in the corresponding period last year. The company's revenue from operations on a consolidated basis stood at ?94.30 billion, marking a 7.4% Y-o-Y decrease. Sequentially, revenue saw a slight dip of 0.3%, while net profit increased by 29.4%. The board of Jindal Stainless has given in-principle approval to raise ?50 billion through equity and/or debt instruments. Managing Director Abhyuday Jindal stated that this resolution is aimed at preparing the company for various growth opportunities, both organic and inorganic. ?The domestic market is expected to expand, with newer sectors anticipated to grow even faster, driving increased demand in the stainless steel industry,? Jindal remarked. The ongoing Red Sea issue has extended transit times and increased freight costs from India to the US and Europe, the company?s primary markets. ?The bigger impact this quarter was the availability and cost of containers,? Jindal explained during a media interaction post-results. The company is transitioning from container shipping to break-bulk to mitigate these challenges. To counteract export disruptions, Jindal Stainless has increased sales in Southeast Asia and the Middle East and is exploring entry into the Japanese market. Despite the export challenges, the domestic market has shown steady growth, bolstered by government infrastructure investments. ?We are extremely positive on domestic demand, especially following the Budget outlay on infrastructure, railways, and defence,? Jindal noted. Sales volumes for the company rose by 5.4% Y-o-Y. Jindal remains optimistic about export recovery, particularly in Europe, although the overall export guidance stays at 10-15%. Jindal also emphasized the company's interest in partnering with the government on skill development initiatives and is exploring how to leverage government internship schemes for upskilling the stainless steel community.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..