🧾 Iron-Clad Financial Snapshot
| Metric | FY25 | YoY Change |
|---|---|---|
| Revenue | ₹58,044 Cr | Flat like soda left open overnight 🥤 |
| Net Profit | ₹2,810 Cr | 🔻 -53% (yes, really) |
| EBITDA | ₹9,570 Cr | ❄️ Lukewarm |
| Q4 Net Profit | -₹339 Cr | 💀 RIP margins |
| Exceptional Items | ₹1,229 Cr loss | 💣 Africa & Australia just exploded financially |
🛠️ The Year Steel Cooled Off (Literally)
Once hot like molten metal, JSPL dropped profits faster than you dropped that gym membership. Sure, revenue stayed flat, but net profit halved, and the Q4 bottom line literally melted into a loss of ₹339 crore.
Blame it on:
- Impairments in international biz (Africa said “goodbye”, Australia said “give me more”)
- Steel prices refusing to rise
- The unforgiving power of the “exceptional item” — investor code for “We messed up, but legally.”
💣 Q4 Breakdown — “We Made Steel, But Burned Cash”
| Q4 FY25 | Q4 FY24 | YoY Change |
|---|---|---|
| Revenue | ₹13,183 Cr | ↓ 2.3% |
| Net Profit | -₹339 Cr | ↓ 136% |
| EBITDA | ₹2,270 Cr | ↓ 7% |
| EBITDA Margin | 17.2% | ↓ 0.9% |
Basically:
🔩 They sold steel.
🧨 Lost money doing it.
📞 Still didn’t cancel their dividend.
🛞 Production & Power: The Good News (Finally)
JSPL isn’t just losses and losses. They actually:
- Produced 8.12 million tons of steel
- Sold 7.97 million tons
- Increased Q4 production by 6% QoQ
- Kept operations running smoother than your old laptop after Windows Update
Also, they trimmed the net debt to EBITDA ratio from 1.4x to 1.26x — impressive, especially since everyone else in the sector was just hoping for EBITDA.
💸 Dividends? Still There, Bro
Because what better way to forget a ₹339 Cr loss than to hand out ₹2/share in dividends?
Shareholders: 🥲
Company: “It’s not much, but it’s honest work.”
📉 Shareholder Mood
| Price Before Results | ₹911 |
| Price After Results | ₹892.5 |
| Drop | -2.05% |
The stock fell, but honestly, for a company that just took a ₹1,229 Cr write-off… that’s a surprisingly polite market reaction.
🧠 Analyst Corner (As Heard at EduInvesting HQ)
“JSPL is that guy who lifts heavy at the gym but eats Maggi for dinner. Strong core business, but no cash left after foreign mistakes.”
— EduInvesting Analyst, flexing debt-to-EBITDA ratios at the mirror
🔮 Outlook: From Meltdown to Melting Steel Again?
JSPL is targeting:
- 10M tons production next year
- New expansions (hopefully not in another loss-making continent)
- Strong demand from infra & rail
- No more “exceptional” excuses (🤞)
🧾 Verdict: EduInvesting Style
“JSPL has strength, sweat, and steel. But FY25 showed us even tough guys have bad quarters.”
Buy the dips if:
- You believe in India’s infra boom
- You’re okay with occasional furnace fires
- You don’t panic when EBITDA coughs
Otherwise, maybe wait till the steel cools off. Or at least until the Aussies pay back.
