Mumbai, February 3, 2025 – Jyoti Structures Limited (BSE: 513250, NSE: JYOTISTRUC) has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The financial statements were approved in the board meeting held on February 3, 2025.
Key Financial Highlights (Standalone)
| Particulars (INR Crores) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 137.35 | 107.49 | 55.80 | 333.14 | 322.45 | 451.38 |
| Total Income | 138.64 | 109.29 | 62.77 | 337.53 | 332.86 | 463.02 |
| Total Expenses | 127.40 | 98.66 | 61.20 | 312.04 | 318.71 | 449.28 |
| Profit Before Tax (PBT) | 11.24 | 10.63 | 1.57 | 25.49 | 14.15 | 13.74 |
| Net Profit for the Period | 10.98 | 10.40 | 1.08 | 24.68 | 14.79 | 29.72 |
| Basic EPS (INR) | 0.136 | 0.084 | 0.016 | 0.277 | 0.213 | 0.421 |
- Revenue from operations surged 146% YoY to ₹137.35 crore from ₹55.80 crore in Q3 FY24.
- Net profit showed a tenfold YoY increase, reaching ₹10.98 crore compared to ₹1.08 crore in Q3 FY24.
- Earnings per share (EPS) rose to ₹0.136 from ₹0.016 in the same period last year.
Key Financial Highlights (Consolidated)
| Particulars (INR Crores) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 137.35 | 107.49 | 55.80 | 333.14 | 322.45 | 451.38 |
| Total Income | 138.64 | 109.29 | 62.77 | 337.53 | 332.86 | 463.02 |
| Total Expenses | 127.40 | 98.68 | 61.20 | 312.04 | 318.71 | 449.28 |
| Profit Before Tax (PBT) | 11.24 | 10.63 | 1.57 | 25.49 | 14.15 | 13.74 |
| Net Profit for the Period | 10.98 | 10.40 | 1.08 | 24.68 | 14.79 | 29.72 |
| Basic EPS (INR) | 0.133 | 0.084 | 0.016 | 0.276 | 0.213 | 0.421 |
- The consolidated results reflect strong revenue and profitability growth, mirroring the standalone performance.
- PBT and net profit trends remain consistent across standalone and consolidated financials.
Segment-Wise & Operational Performance
- The company’s core business operations in transmission and infrastructure projects showed steady growth.
- Employee benefit expenses included a reversal of excess provisions of ₹4.88 crore, impacting earlier quarters positively.
- Revenue increase was driven by higher project execution and an uptick in contract fulfillment.
Corporate Developments & Announcements
- Equity Share Issuance:
- On May 8, 2024, the company allotted 16,42,70,170 equity shares at ₹15 per share, raising ₹743.63 crore.
- Additional 2,30,00,000 convertible warrants were converted into equity shares at ₹13.20 per share.
- Another 2,30,00,000 warrants were converted at ₹13.10 per share.
- On December 31, 2024, 77,82,500 equity shares were issued under the Employee Stock Option Scheme (ESOP).
- Subsidiary Performance:
- The company operates seven project site branches, including Tunisia and Uganda.
- Subsidiaries in India and overseas contributed marginally to financials, with net worth erosion reported in some entities.
- Auditor's Review:
- The company’s limited review report received an unmodified opinion from auditors SARC & Associates.
- No material misstatements were identified in standalone and consolidated financial statements.
Strategic Outlook & Market Position
- Order Book Strength: The company has a healthy order pipeline, ensuring continued revenue flow in upcoming quarters.
- Debt & Finance: The reduction in finance costs reflects better capital management strategies.
- Industry Trends: The power transmission sector remains a strong growth driver, backed by government infrastructure initiatives.
Management Commentary
Abdul Hameed Khan, Chief Financial Officer & Whole Time Director, stated:"Our financial performance in Q3 FY25 underscores our commitment to efficiency and growth. The sharp increase in revenue and profit is a testament to our robust project execution strategy. We remain optimistic about future growth as we continue strengthening our order book and operational capabilities."
Conclusion
Jyoti Structures Limited has delivered a strong financial performance for Q3 FY25, with significant YoY improvements in revenue and profitability. The company’s equity infusion, cost management, and project pipelineplace it in a strong position for continued growth.Stock Impact: Investors may view the company's earnings growth favorably, potentially influencing the stock’s performance in the near term.