Stainless Surge: Jindal’s ₹2 Dividend and Q4 Profit Spark Investor Excitement

Jindal Stainless Ltd (JSL), India's largest stainless steel manufacturer, has posted a solid set of FY25 fourth-quarter results, solidifying its growth path and confidence among shareholders. The firm posted a consolidated net profit (PAT) of ₹5.9 billion in Q4, with net revenue standing at ₹101.98 billion, even as it faced margin impacts from declining nickel prices and external market challenges.

Key Highlights:

The Board of Directors has proposed a final dividend of ₹2 per equity share for FY25 as a reward to the shareholders for their continued patronage and appreciation of the company's healthy cash flows and strong balance sheet.

JSL registered its highest-ever quarterly sales volume during Q4, with a 12% year-on-year growth, supported by robust domestic demand across sectors.

In spite of a tough export backdrop and higher freight expenses on account of the Red Sea crisis, JSL recorded consistent revenue growth and operational strength.

For the year, JSL's consolidated net revenue was ₹385.62 billion, with sales volume surging 23% and annual net profit rising 29%.

The company is targeting a 20% volume growth in FY25 and has also allocated more than ₹5,000 crore for capital spending to drive further growth and value-added product growth.

JSL's emphasis on innovation, strategic alliances, and capacity addition is well placed to drive sustained leadership for the stainless steel business.

Source: Economic Times, Jindal Stainless Press Release, Business Today