Jai Balaji Industries Limited — Updates, 12-11-2024: Press Release

Jai Balaji Industries Ltd. reported positive financial performance for H1FY25, with revenues increasing by 8% to ₹3,274.88 Cr. EBITDA rose by 30% to ₹543.98 Cr, reflecting the company's efficient operations and strong cost management, leading to a healthy EBITDA margin of 16.61%. However, PAT experienced a slight decline to ₹361.98 Cr due to deferred tax provisions.

In Q2FY25, year-on-year comparisons showed modest revenue growth of 0.64% to ₹1,556.57 Cr and a 5.55% increase in PBT to ₹212.74 Cr. Yet, on a quarter-on-quarter basis, both revenue and profitability fell due to decreased production and sales realizations in key products, resulting in a 24.01% drop in PAT. The company is on track with a ₹1,000 Cr capex program and plans to enhance its liquidity by splitting its equity shares from ₹10 to ₹2. The management expresses optimism for the second half of FY25, driven by strategic investments in value-added products. Positive outlook persists amid market challenges, emphasizing a focus on operational efficiencies and specialty products to sustain growth.