Jindal Worldwide Ltd. (BSE: 531543, NSE: JINDWORLD), a diversified and integrated textile fabrics and shirting manufacturer and one of the world’s largest denim fabric manufacturer, has reported its earnings for the quarter and half year ended 30 September 2024.
For the quarter ended 30 September 2024, the Revenue from Operations have increased by 45.70% YoY to Rs. 5708 Mn (Q2FY25) due to normalized business operations and increased demand of Finished Fabric domestic and export markets. EBIDTA increased by 38.30% YoY to Rs. 484 Mn (Q2FY25) showing a major improvement in operational profitability. The Profit Before Tax increased by 44.78% YoY. PAT jumped 35.2% YoY, from Rs. 128 Mn (Q2FY24) to Rs. 173 Mn (Q2FY25).
For the half year ended 30 September 2024, the revenue from operations was reported at Rs. 10,582 Mn (H1FY25), growing 31.9% YoY. EBITDA Jumped 23.2%, from Rs. 771 Mn (H1FY24) to Rs. 950 Mn (H1FY25). EBITDA Margins came in at 8.98% (H1FY25). Profit Before Tax (PBT) was reported at Rs. 480 Mn (H1FY25), growing 34.8% YoY. PAT came in at Rs. 354 Mn (H1FY25), growing 34.1% YoY.
Founded in 1986 by Dr. Yamunadutt Agrawal, Jindal Worldwide Ltd (Jindal) today is a diversified and integrated textile fabrics and shirting manufacturer and one of the world’s largest denim fabric manufacturers. Over the past 3 decades, with changing trends and new innovation in technology, the company has been reinventing its products with contemporary and unique design. The company’s products are created out of passion for creating better. With state of the art technology, latest research labs and updated design house, the company brings to the world fabrics of superior quality. The company’s facilities are spread over 4 manufacturing units in Ahmedabad, Gujarat, with state-of-the-art integrated facilities from high-end spinning, weaving, dyeing, and packing.Jindal is today diversifying into new high-growth business opportunities, beginning with a venture in two-wheeler electronic vehicles.