Jindal Worldwide on a buzz

Jindal Worldwide is a buzzing stock today, gaining on the back of its earnings for Q2FY25. It opened almost status quo at Rs.386.30 but soon jumped up almost 12% to Rs.430.95, not too far from its 52-week high hit in March’24 at Rs.439.80.

For Q2FY25, the company posted a consolidated revenue from operations at Rs.571 crore, up 48% (YoY). EBITDA came in at Rs.48 crore, up 38% and EBITDA margin fell from 8.93% to 8.48%. PAT came in at Rs.17 crore, up 31%. Its interest cost increased 51% due to increase in volume of purchase bill discounting.

With four manufacturing units in Ahmedabad, the company is a diversified and integrated textile fabrics and shirting manufacturer and one of the world’s largest denim fabric manufacturers. In 2022, it diversified by getting into EV Vehicles by acquiring Earth Energy.

Not a part of the Sajjan Jindal group, it is owned by the Agarwal family.