Jai Balaji announces strong Q1 results and capex of ₹350 Crore

Jai Balaji Industries Limited, specializing in manufacturing iron and steel products, saw its stock price jump nearly 2% following the announcement of ₹350 crore in capital expenditure plans and strong financial results. The company's net profit and revenue grew 22.5% and 16% YoY, respectively. Looking ahead to FY25, management forecasts revenue growth of 25-30% and an EBITDA margin of 17-18%.