Jai Balaji Industries Limited — Updates, 11-02-2025: Press Release

**Financial Highlights:** Jai Balaji Industries reported a 4.23% increase in revenue from operations for 9MFY25, reaching ₹4,761.27 Cr. EBITDA rose by 10.28% to ₹733.88 Cr, with an EBITDA margin of 15.41%. Profit Before Tax (PBT) also saw an uptick of 10.40%, totaling ₹669.65 Cr, resulting in a PBT margin of 14.06%.

**Strategic Initiatives and Growth Drivers:** The company’s ongoing Capex of ₹1,000 Cr is progressing as scheduled. The recent subdivision of equity shares aims to enhance stock liquidity, effective from January 17, 2025.

**Business Developments:** For Q3FY25, revenue slightly declined to ₹1,486.39 Cr compared to the previous quarter. EBITDA decreased to ₹189.90 Cr, reflecting the impact of lower production and sales realizations for certain steel products.

**Market Position and Competitive Advantage:** Jai Balaji continues to focus on value-added products like Ductile Iron Pipes and Ferro Alloys, driving both top and bottom-line growth in the face of global pressures.

**Investor Implications:** The results indicate a robust year-to-date performance despite recent challenges, underscoring potential growth opportunities in value-added segments. Investors should monitor the company's strategic initiatives closely and remain optimistic about recovery in the final quarter of FY25.