JAI BALAJI INDUSTRIES LTD. - 532976 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anant Dugar Jai Balaji Industries finds place in 4 NSE indices
From being on the verge of bankrupt 10 years back, Jai Balaji Industries has made a smart turnaround JAI BALAJI INDUSTRIES LTD. - 532976 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pragya Mercantile Pvt Ltd & PACs JAI BALAJI INDUSTRIES LTD. - 532976 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation regarding Investor Meet JAI BALAJI INDUSTRIES LTD. - 532976 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pragya Mercantile Pvt Ltd & Others JAI BALAJI INDUSTRIES LTD. - 532976 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pragya Mercantile Pvt Ltd & PACs JAI BALAJI INDUSTRIES LTD. - 532976 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation under Regulation 30 of SEBI LODR - Credit Rating JAI BALAJI INDUSTRIES LTD. - 532976 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation under Regulation 30 for Credit rating JAI BALAJI INDUSTRIES LTD. - 532976 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding issue of Letter of Confirmation in lieu of Duplicate Share Certificate. Q3FY24 Quarterly & 9MFY24 Result Announced for Jai Balaji Industries Ltd.
Iron & Steel/Intermediate products company Jai Balaji Industries announced Q3FY24 & 9MFY24 results: Quarterly Financial Performance (Q3FY24): - Revenue: Jai Balaji Industries reported a marginal increase in revenues from operations in Q3FY24, reaching Rs 1,538.99 crore, which represents a 0.13% growth over Q3FY23, which stood at Rs 1,536.95 crore. - EBITDA: The company achieved its highest-ever quarterly EBITDA of Rs 246.80 crore in Q3FY24, marking a substantial increase of 250.57% from Rs 70.40 crore in the same quarter of the previous year. - Profit After Tax (PAT): PAT saw a rise to Rs 234.60 crore in Q3FY24 compared to Rs 27.91 crore in Q3FY23, which is an increase of 740.56%. Nine Months Financial Highlights (9MFY24): - Revenue: For the 9 months ofFY24, revenue from operations was Rs 4,568.18 crore, a 3.80% improvement from Rs 4,401.06 crore in 9MFY23. - EBITDA: The EBITDA saw an impressive YoY growth of 245.15%, climbing to Rs 665.46 crore from Rs 192.80 crore. - PAT: PAT increased by 755.42%, reaching Rs 606.58 crore up from Rs 70.91 crore for the same period of the previous fiscal year. Strategic Developments and Goals: - The company highlighted its agreements and refinancing initiatives such as securing a loan of Rs 559 crore to refinance existing debts. - JBIL announced its goal to become a net debt-free company and declared a capex plan of around Rs.1,000 crore for the next 15-18 months, intended for capacity enhancement and the advancement of value-added products. Aditya Jajodia, Chairman and Managing Director, said, “Jai Balaji Industries has come a long way to achieve such strong results today. I am happy to share that we have achieved an EBITDA of Rs 246.80 crore and PAT of Rs 234.60 crore during this quarter. The company faced tough challenges in the last few years which have been resolved with the commitment, hard work, faith, and resilience of the management and stakeholders. Jai Balaji 2.0 aims to transition into a high-margin business, and we plan to achieve the same by lowest cost capex for capacity enhancement, economies of scale, operational efficiencies, and becoming net debt-free in the next 18 Months and focusing on specialized products like DI Pipes and special-grade Ferro Alloys. The turnaround of the company is a story of resilience and strategic transformation, turning setbacks into opportunities and reshaping its trajectory for sustained success. Going forward, we at Jai Balaji Industries are confident that our revised vision and strategies will lead to strong performances ahead.” Result PDF