Shares of Jindal Stainless fell 5.04% to Rs 688.05 in Friday's session, witnessing high volume and a surge in trading activity. The stock was among the top losers on the Nifty Midcap 150 index at 1:29 pm.
Financial Performance:
Jindal Stainless's consolidated financial performance shows consistent growth in revenue and net profit over the past few years. The company's revenue has increased steadily from Rs 12,188.46 Crore in 2021 to Rs 39,312.21 Crore in 2025. Net profit has also seen a substantial rise from Rs 414.25 Crore in 2021 to Rs 2,543.42 Crore in 2025.
Income Statement (Consolidated, Annual):
The following table presents key figures from the company's income statement:
| Year | Sales (Rs Crore) | Other Income (Rs Crore) | Total Income (Rs Crore) | Total Expenditure (Rs Crore) | EBIT (Rs Crore) | Interest (Rs Crore) | Tax (Rs Crore) | Net Profit (Rs Crore) |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | 39,312 | 290 | 39,603 | 35,608 | 3,994 | 611 | 839 | 2,543 |
| Mar 2024 | 38,562 | 169 | 38,731 | 34,637 | 4,093 | 554 | 898 | 2,640 |
| Mar 2023 | 35,697 | 126 | 35,823 | 32,834 | 2,988 | 324 | 690 | 1,973 |
| Mar 2022 | 21,223 | 55 | 21,279 | 18,607 | 2,671 | 332 | 533 | 1,806 |
| Mar 2021 | 12,188 | 40 | 12,229 | 11,064 | 1,164 | 480 | 270 | 414 |
The company's sales for the year-ending March 2025 stood at Rs 39,312 Crore, compared to Rs 38,562 Crore in the previous year. Other income increased to Rs 290 Crore in March 2025 from Rs 169 Crore in March 2024. Total expenditure also increased from Rs 34,637 Crore to Rs 35,608 Crore during the same period. The net profit for March 2025 was Rs 2,543 Crore, slightly lower than the Rs 2,640 Crore reported in March 2024.
Income Statement (Consolidated, Quarterly):
The following table presents key figures from the company's quarterly income statement:
| Quarter | Sales (Rs Crore) | Other Income (Rs Crore) | Total Income (Rs Crore) | Total Expenditure (Rs Crore) | EBIT (Rs Crore) | Interest (Rs Crore) | Tax (Rs Crore) | Net Profit (Rs Crore) |
|---|---|---|---|---|---|---|---|---|
| Jun 2025 | 10,207 | 68 | 10,276 | 9,149 | 1,126 | 144 | 254 | 728 |
| Mar 2025 | 10,198 | 93 | 10,292 | 9,385 | 906 | 149 | 138 | 617 |
| Dec 2024 | 9,907 | 99 | 10,006 | 8,941 | 1,065 | 160 | 235 | 668 |
| Sep 2024 | 9,776 | 47 | 9,823 | 8,831 | 992 | 158 | 224 | 609 |
| Jun 2024 | 9,429 | 50 | 9,480 | 8,450 | 1,030 | 142 | 239 | 647 |
The revenue for the quarter-ending June 2025 stood at Rs 10,207.14 Crore, an increase compared to Rs 9,429.76 Crore in June 2024. The net profit for the same period was Rs 728.32 Crore, up from Rs 647.50 Crore in the previous year.
Balance Sheet:
The following table summarizes the company's balance sheet:
| Particulars | Mar 2025 (Rs Crore) | Mar 2024 (Rs Crore) | Mar 2023 (Rs Crore) | Mar 2022 (Rs Crore) | Mar 2021 (Rs Crore) |
|---|---|---|---|---|---|
| Equities & Liabilities | |||||
| Share Capital | 164 | 164 | 164 | 105 | 97 |
| Reserves & Surplus | 16,523 | 14,193 | 11,766 | 5,080 | 3,053 |
| Current Liabilities | 13,242 | 10,043 | 10,950 | 7,206 | 4,056 |
| Other Liabilities | 6,227 | 6,415 | 4,258 | 2,469 | 3,526 |
| Total Liabilities | 36,158 | 30,817 | 27,140 | 14,862 | 10,734 |
| Assets | |||||
| Fixed Assets | 15,684 | 14,034 | 10,570 | 5,964 | 5,913 |
| Current Assets | 16,798 | 14,782 | 15,111 | 7,532 | 4,118 |
| Other Assets | 3,675 | 2,000 | 1,457 | 1,365 | 702 |
| Total Assets | 36,158 | 30,817 | 27,140 | 14,862 | 10,734 |
| Other Info | |||||
| Contingent Liabilities | 0 | 2,234 | 1,517 | 5,091 | 4,035 |
The total assets of the company increased from Rs 30,817 Crore in March 2024 to Rs 36,158 Crore in March 2025. Fixed assets increased from Rs 14,034 Crore to Rs 15,684 Crore while current assets also saw an increase from Rs 14,782 Crore to Rs 16,798 Crore.
Cash Flow:
The following table summarizes the company's cash flow activities:
| Particulars | Mar 2025 (Rs Crore) | Mar 2024 (Rs Crore) | Mar 2023 (Rs Crore) | Mar 2022 (Rs Crore) | Mar 2021 (Rs Crore) |
|---|---|---|---|---|---|
| Operating Activities | 4,718 | 4,818 | 3,095 | 1,083 | 1,307 |
| Investing Activities | -3,438 | -3,340 | -2,481 | -782 | -151 |
| Financing Activities | -1,882 | -829 | -386 | -163 | -1,118 |
| Others | 7 | 0 | 1 | 0 | 0 |
| Net Cash Flow | -595 | 648 | 228 | 137 | 37 |
Cash flow from operating activities was Rs 4,718 Crore for the year-ending March 2025, compared to Rs 4,818 Crore for the year-ending March 2024. There was a net cash outflow of Rs 595 Crore.
Key Ratios:
Key financial ratios for Jindal Stainless show a P/E ratio of 19.12 and a P/B ratio of 2.87 as of March 2025. The company reported a debt-to-equity ratio of 0.38 as of the year-ending March 2025.
Corporate Actions
Jindal Stainless announced an interim dividend of Rs 1.00 per share (50%) on January 29, 2025, with an effective date of February 7, 2025. Previously, a final dividend of Rs 2.00 per share (100%) was announced on May 15, 2024, and was effective from August 30, 2024. The company had a stock split on March 1, 2004, where the face value changed from Rs 10 to Rs 2.
Shares of Jindal Stainless were trading with a decline in Friday's session, with the stock currently priced at Rs 688.05.
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