Jindal Stainless ke profit mein kami, investors pareshan
Jindal Stainless, ek stainless steel product banane wali company, ne apne analyst meet mein bataya ki company ke fourth quarter ke profit mein kami hone ki sambhavna hai. Is khabar ke baad, company ke shares mein 5% tak ki giravat dekhi gayi hai, aur pichle 6 mahino mein yeh kareeb 23% gir chuke hain.
Management ne diya conservative guidance
Financial year 2025 ke pehle 9 mahino mein, Jindal Stainless ka EBITDA per tonne Rs 20,800 raha. Lekin, management ne ab bataya hai ki pure financial year ke liye yeh figure Rs 19,000-19,500 per tonne ke aas paas rahega. Iska matlab hai ki Q4 FY25 mein EBITDA per tonne Rs 16,000 ke aas paas hoga.
Sarkari capex mein mandi aur exports mein kami ke wajah se profit mein giravat
Management ke mutaabik, company ke profit mein kami ki wajah sarkari capex mein slowdown aur exports mein kami hai. Iske chalte company ko low margin products zyada bechne pad rahe hain. Company ne FY26 ke liye bhi conservative 9-10% growth ka anumaan lagaya hai, aur EBITDA per tonne Rs 19,000-21,000 ke beech rahne ki ummeed hai.
Exports mein sudhaar ki ummeed
Jindal Stainless ke main export destinations Europe aur US hain, jahan pichle do saal se demand mein kami dekhi ja rahi hai. Isse company ke volume growth par asar pada hai, aur export share FY23 mein 20% se girkar Q3 FY25 mein 10% se kam ho gaya hai. Management ko ummeed hai ki exports mein sudhaar FY26 ki second half mein hi hoga.
Capex mein deri
Demand mein uncertainty ke chalte, company apne downstream expansion ko 8-9 mahine ke liye taal rahi hai. Yeh expansion pehle H1 FY27 mein hone wala tha, jismein Rs 1,900 crore ka capex lagna tha.
Earnings estimates mein kami
Management meet ke baad, Nuvama Research ne Jindal Stainless ke FY25, FY26 aur FY27 ke EBITDA estimates mein 5%, 10% aur 13% ki kami ki hai. Brokerage ka anumaan hai ki FY25-26 mein company ka volume 2.35 se 3 million tonne ke beech rahega. Brokerage ke hisaab se, earnings mein kami ki wajah se stock par dabav bana rahega.
Market analysis aur updates
Yeh latest business news market ke liye ek important update hai. Jindal Stainless ke performance par global market conditions ka bhi asar pad raha hai. Investors ko company ke future performance par najar banaye rakhni hogi.
