Jindal Saw Reports 23.17% PAT Growth in Q3 FY24-25 Amid Improved Debt-Equity Ratio

Jan 24 2025 05:48 PM IST
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Jindal Saw has announced its financial results for the third quarter of FY24-25, reporting a Profit After Tax of Rs 1,447.09 crore, marking a year-on-year growth of 23.17%. The company also improved its debt-equity ratio to 0.51 times, the lowest in five half-yearly assessments.
Jindal Saw, a midcap player in the steel, sponge iron, and pig iron industry, has reported its financial results for the third quarter of FY24-25, declaring a Profit After Tax (PAT) of Rs 1,447.09 crore. This figure reflects a year-on-year growth of 23.17%, indicating a positive trend in the company's near-term profitability.

In terms of financial health, Jindal Saw has achieved a notable improvement in its debt-equity ratio, which stands at 0.51 times for the latest half-yearly period. This marks the lowest ratio in the last five half-yearly assessments, showcasing the company's efforts to reduce borrowing relative to its equity capital.

In light of these developments, there have been evaluation changes regarding Jindal Saw's market position. The company has experienced an adjustment in its evaluation, reflecting the mixed sentiment surrounding its performance as it navigates the current economic landscape.

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