Jindal Stainless Reports 7% YoY Growth in PAT for FY25, Amidst Rising Demand and Geopolitical Challenges

Jindal Stainless Limited (JSL) announced its financial results for the quarter and financial year ended March 31, 2025. The company reported a 9% YoY increase in sales volume, reaching 23,73,070 tonnes. Standalone net revenue rose by 5% YoY to INR 40,182 crore, while EBITDA decreased by 3% YoY to INR 3,905 crore. PAT, however, showed a 7% YoY growth, reaching INR 2,711 crore. The consolidated performance also saw a 2% YoY increase in net revenue, at INR 39,312 crore, and a 7% YoY decrease in PAT, at INR 2,500 crore. The company recommended a final dividend payment of INR 2 for FY25, taking the total dividend payment to 150% per equity share. Despite a capex-heavy year, the consolidated net debt-to-equity ratio was maintained at ~0.2. The stainless steel industry faced challenges from Chinese and Vietnamese imports, accounting for over 70% of total imports. The company also made strategic investments and announcements, including a proposed INR 40,000 crore investment in Maharashtra and a 9.62% stake in M1xchange.