Q3 2025 Jindal Stainless Ltd Earnings Call Transcript
Key Points
- Jindal Stainless Ltd (BOM:532508) achieved its highest ever sales in Q3 FY25, reflecting a 15% year-on-year growth driven by strong domestic demand.
- The company reported a 20% increase in domestic demand, supported by robust economic growth and ambitious infrastructure projects.
- Jindal Stainless Ltd (BOM:532508) has increased its renewable energy usage to approximately 17% in Q3 FY25, significantly reducing Scope 2 emissions.
- The company received the distinguished Sword of Honor from the British Safety Council, highlighting its commitment to occupational health and safety standards.
- The standalone Q3 revenue increased by around 3% on a QoQ basis to INR10,066 crores, driven by robust domestic demand.
- Export volumes remained subdued due to geopolitical disruptions and a decline in demand from Western countries, impacting export margins.
- Shipping costs have significantly increased, affecting the company's export profitability.
- The company faces ongoing pressure from low-priced imports, which continue to impact the domestic market.
- The European market is in a bad state, with economies like Germany suffering, affecting Jindal Stainless Ltd's export sales.
- The company has not finalized any clear-cut plans for greenfield projects, indicating potential delays in expansion.
Ladies and gentlemen, good day, and welcome to Jindal Stainless Limited Q3 FY25 earnings conference call hosted by IIFL Capital. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Anupam Gupta from IIFL Capital. Thank you and over to you, Mr. Gupta.
Yeah, thanks and welcome, everyone, to the results conference call for Jindal Stainless. From the management, we have Mr. Abhyuday Jindal, the Managing Director; Mr. Tarun Khulbe, CEO and Wholetime Director; Mr. Anurag Mantri, ED and Group CFO; Mr. Rajeev Garg, Head of Sales; and Shreya Sharma, Head of Investor Relations.
To start off with, I'll hand it over to Shreya and post the introduction by Mr. Jindal, we can take over the Q&A. Over to you, Shreya.
Thank you, Anupam. Good afternoon, everyone and a very warm welcome on the call. We have shared our Q3 FY25 earnings presentation with the stock
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