This document is an investor presentation for Q1 FY27 (April-June 2026) submitted by Jai Balaji Industries Limited (JBIL) to the National Stock Exchange of India Limited (NSE) and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of Disclosure and Key Quantitative Figures

Financial Performance for Q1 FY27 (YoY Comparison):

  • Revenue from Operations: ₹1,683 Cr (up 24% from Q1FY26's ₹1,357 Cr)
  • Cost of Goods Sold: ₹1,201 Cr (up 30% from ₹927 Cr)
  • Employee Benefits Expense: ₹47 Cr (up 5% from ₹45 Cr)
  • Other Expenses: ₹283 Cr (up 9% from ₹258 Cr)
  • EBITDA: ₹151 Cr (up 19% from ₹127 Cr)
  • Adjusted EBITDA: ₹154 Cr (up 46% from ₹106 Cr)
  • Adjusted EBITDA Margin: 9% (vs. 8% in Q1FY26)
  • Depreciation: ₹32 Cr (up 3% from ₹31 Cr)
  • Finance Cost: ₹14 Cr (down 22% from ₹18 Cr)
  • Other Income: ₹3 Cr (down 79% from ₹16 Cr)
  • Profit Before Tax (PBT): ₹109 Cr (up 15% from ₹95 Cr)
  • Tax Expense: ₹24 Cr (flat vs. ₹24 Cr)
  • Profit After Tax (PAT): ₹85 Cr (up 21% from ₹71 Cr)
  • PAT Margin: 5% (flat)
  • Basic & Diluted EPS: ₹0.93 (up 21% from ₹0.77)

QoQ Performance (Q1FY27 vs Q4FY26):

Revenue declined 4% from ₹1,745 Cr. However, PAT saw a significant 299% increase from ₹21 Cr, and Adjusted EBITDA grew 68% from ₹91 Cr.

Operational and Strategic Updates

Production and Sales: Production grew for Sponge Iron, Billets, TMT, and Ferro Alloys. Sales were strong for Pig Iron, TMT, Billets, and Ferro Alloys.

Realizations (YoY): Realizations improved across key products, led by Ferro Alloys (+46% YoY) and Pig Iron (+16% YoY). Sponge Iron and Billets realizations remained broadly stable.

Capacity and Business Overview: JBIL is one of the largest manufacturers of value-added products (DI Pipes & Specialized Ferro Alloys) in the private sector in Eastern India. It has 5 manufacturing units across West Bengal and Chhattisgarh with 101.1 MW power capacity. Its DI Pipes capacity has been expanded to 5.5 lakh TPA.

Capital Expenditure (Capex) and Debt

Capex Update:

  • Total Capex Spent: ₹1,076 Cr, mostly funded through internal accruals.
  • Revised Project Outlay: Increased from ₹1,000 Cr to ₹1,112 Cr due to technical upgradation, addition of ancillaries, inflation, and time overrun.
  • Balance Capex: ₹36 Cr is expected to be completed by the end of Calendar Year 2026 (CY26).
  • Capacity Commissioning: Enhanced Blast Furnace, Sinter, and Specialized Ferro Alloy capacities are expected to be commissioned by Q3FY27.

Debt Position:

  • FY26 Net Term Debt-to-Equity stood at 0.07x.
  • The company has been sanctioned a Working Capital Loan of ₹425 Cr.
  • All present debt pertains to Banks and NBFCs.

Management Commentary and Outlook

Chairman and Managing Director Mr. Aditya Jajodia cited a healthy start to FY27 driven by operational efficiencies and price normalization.

Ductile Iron (DI) Pipes Segment: The market remained subdued due to slower government order flows. However, government initiatives like Jal Jeevan Mission 2.0, AMRUT 2.0, and river interlinking projects (Ken-Betwa, Polavaram) are expected to create a meaningful demand pipeline over the medium to long term. JBIL is positioned to ramp up its 5.5 lakh TPA capacity as demand improves.

Specialized Ferro Alloys Segment: This segment continues to witness strong momentum, with realizations showing an increasing trend over the past five quarters and healthy volumes.

Overall Strategy (Jai Balaji 2.0): The objective is to focus on value-added products (DI Pipes & Specialized Ferro Alloys) and maintain a strong balance sheet. The revenue contribution from these products is currently 40%-45%. The company is also focusing on cost reduction strategies.

Other Information

Shareholding Pattern (as on 30th June 2026):

  • Promoter & Promoter Group: 64.84% (59,15,20,230 shares)
  • Public: 35.16%
  • Domestic Institutions: 0.10% (9,39,993 shares)
  • Foreign Portfolio Investors: 2.78% (2,54,05,995 shares)
  • Non-Institutions: 32.27% (29,43,85,212 shares)
  • Total Shares: 91,22,51,430

Investor Relations Contact: Sana Kapoor (sana@GoIndiaAdvisors.com) and Sakshi Narvekar (sakshiN@GoIndiaAdvisors.com) of Go India Advisors.

Company Contacts:

  • Mr. RK Sharma - CFO (r.k.sharma@jaibalajigroup.com)
  • Mr. Ajay Tantia – CS (atantia@jaibalajigroup.com)
  • Mr. Vijay Bagri – President Finance (vijay.bagri@jaibalajigroup.com)