This Multibagger Manufacturing Stock is in focus after it posted its Q4 results for FY25 with 5,000 percent YoY growth in Net Profits, following which the Stock Jumped 20 percent, hitting the Upper Circuit mark.
Share Price Movement
With a market capitalization of Rs. 4,114 Crore, the stock of Jayaswal Neco Industries opened at Rs. 40, up 13.28 percent from yesterday’s close, and after opening, it made a high of Rs. 42.37, which is also the 20 percent Upper Circuit Mark. Additionally, the Yearly return for the stock is -26 percent, and the past 5-year return is an impressive 1,225 percent.
Also read: Tata Group stock crashes 16% after reporting disappointing Q4 results
Q4 FY25 Financial Highlights
The company reported an 18.71 percent YoY increase in revenue from Rs. 1,411 Crore in Q4FY24 to Rs. 1,675 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 1.08 percent in revenue from Rs. 1,657 Crore in the previous quarter.
Their Net profit saw an increase of 5,000 percent YoY from Rs. 2 Crore to Rs. 102 Crore for the same period. On a QoQ basis, the company reported an increase of 32.46 percent in Net profit from Rs. 77 Crore in the previous quarter.
The Huge increase in Net profit on a YoY basis can be attributed to an Exceptional Item for the March 2024 Quarter, where it had an Exceptional item of Rs. 18.25 Crore and a huge difference in Changes in Inventories of finished goods, WIP, and Stock in trade.
About the Company
Founded in 1972 and headquartered in Nagpur, Maharashtra, Jayaswal Neco Industries Limited (JNIL) is a leading manufacturer in the iron and steel sector. The company operates a steel plant in Raipur that produces iron, billets, rolled products, and sponge iron. It has a strong presence in engineering and automotive castings, as well as in sanitary casting products like hubless pipes, manhole covers, and storage tank covers.
Written By Abhishek Das
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