Jai Balaji Industries Limited — PPTs, 16-11-2024: Investor Presentation

Jai Balaji Industries Limited reported a solid half-year performance, with revenue, EBITDA, and profit before tax (PBT) increasing by 8%, 30%, and 34%, respectively, year-on-year. While the quarterly performance was stable year-on-year, it saw a QoQ dip due to lower production and sales realizations in some finished steel products. The company remains on track to achieve its FY25 guidance, targeting revenue growth of 25%-30% and EBITDA margins of 17%-18%. Encouragingly, management is focused on expanding capacity for Ductile Iron (DI) Pipes and Specialized Ferro Alloys, expecting significant contributions to top-line and bottom-line growth. The net debt position improved, decreasing to Rs. 3,549 million from Rs. 3,981 million, with expectations to become net term debt-free within 12 months. The strong capital expenditure plan of Rs. 10,000 million is underway, bolstered by internal accruals, indicating confidence in long-term operational sustainability and margin improvement. Investors should watch closely for continued growth stemming from strategic expansions and enhanced operational efficiencies.