Q3 2025 Jindal SAW Ltd Earnings Call Transcript
Key Points
- Jindal Saw Ltd (BOM:500378) reported an EBITDA of INR882 crores, which is higher than the trailing quarter and close to the same quarter last year, indicating stable profitability.
- The company has seen a significant growth in PBT and PAT, with a 25% and 29% increase respectively over the last nine months compared to the previous year.
- The company is operating at over 75% capacity utilization, indicating efficient use of resources.
- Jindal Saw Ltd (BOM:500378) has reduced its long-term debt to below INR930 crores, while maintaining a net worth close to INR10,000 crores, showcasing strong financial health.
- The company is nearing completion of key CapEx projects, such as a new coke oven battery and expansion of the seamless unit, which are expected to enhance efficiency and capacity.
- The top line for the quarter showed a dip, with revenues at INR4,521 crores compared to INR4,790 crores in the previous quarter, attributed to logistical and shipping delays.
- There is a noted plateauing in the order book and top line, which may indicate challenges in sustaining growth momentum.
- The company has observed a slowdown in central government infrastructure spending, which could impact future domestic order inflows.
- There is uncertainty regarding the exact timeline and details of new projects, particularly in the MENA region, which are still under examination.
- The company faces potential risks from foreign exchange fluctuations, although it has a natural hedge due to its export revenues.
Ladies and gentlemen, good day and welcome to Jindal Saw Limited Q3 and FY25 earnings conference call hosted by Phillip Capital India Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Vikash Singh from Phillip Capital India Private Limited. Thank you and over to you, Mr. Singh.
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Good morning, everyone. Today, we have with us on the company side. Mr. Neeraj Kumar, Group CEO and Whole-Time Director; Mr. Vinay Gupta, President and Head Treasury; Mr. Narendra Mantri, President, Head Commercial and CFO; and Mr. Rajeev Goyal, Vice President, Group Corporate Finance and Treasury. Without taking any much time, I would hand it over to Mr. Neeraj Kumar for his opening remarks. Over to you, sir.
Good morning to all our friends. We had our board meeting on Friday and
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