Capacity Enhancement and Sales Trend
4
Management Commentary and Business Outlook
"Jai Balaji Industries Ltd. is a fully integrated steel company with focus on
specialized products like Ductile Iron Pipes and Ferro Alloys. Company
faced tough challenges in last 6-7years which are now resolved with the
commitment, hard work, faith and resilience of the management, business
associates 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
focusing on specialized products.
Coming to Q3 & 9MFY24 performance, I'm thrilled to report a record high
performance in Q3 & 9MFY24.marked by robust financial results, strategic
expansions, and unwavering commitment to operational excellence. The
adjusted EBITDA & PAT for the quarter grew by 96% and 7.4x times YoY
respectively. We are steadily progressing towards our aim to become net
debt free in the next 18 months. Going forward, we aim for margin
expansion by increasing capacity and utilization of value added &
specialized products, cost reduction and technological upgradation leading
to sustainable growth and value creation.
Mr. Aditya Jajodia
Chairman and Managing Director
JBGView entire presentation