Iron & Steel products company Jayaswal Neco Industries announced FY24 results:
Financial Highlights:
- Total Earning Before Interest. Depreciation, Tax and Amortization (EBIDTA): Total EBIDTA stood at Rs 1,045 Crores, grew by 30% in FY24 as compared to previous year which was Rs 804 Crores.
- Total EBIDTA to Revenue from Operations: Grew to 18% in FY24 from 13% in the previous year.
- Profit Before Tax (PBT): PBT stood at Rs 291 Crores, grew by 756% in FY24 as compared to previous year which was Rs 34 Crores.
- Net Worth: Net Worth stood at Rs 2,263 Crores, grew by 10% in FY24 as compared to previous year which was Rs 2,058 Crores.
Operational Highlights:
- Billets: Highest ever production of 6,75,202 MT surpassing the previous highest of 5,76,045 MT in the year 2021-22, up by 17%.
- Rolled Products: Highest ever production of 6,34,998 MT surpassing the previous highest of 5,44,555 MT in the year 2021-22, up by 17%.
- Rolled Products Sale (Including Annealed & Bright Bar): Highest ever Sale of 5,67,197 MT surpassing the previous highest of 5,43,982 MT in the year 2021-22, up by 4%.
- Captive Iron Ore Mines (Metabodeli and Chhotedongar): Highest ever Production in FY24: 26,05,880 MT, up by 22% YoY.
- Captive Iron Ore Mines (Metabodeli and Chhotedongar): Highest ever dispatches in FY24 : 24,64,646 MT, up by 19% YoY