JSW Steel Ltd's Q3FY25 Quarterly Results

Result Summary

• JSW Steel Ltd reported a 4.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.4%.
• Its expenses for the quarter were up by 4.2% QoQ and 3.7% YoY.
• The net profit increased 78.0% QoQ and decreased 70.7% YoY.
• The earnings per share (EPS) of JSW Steel Ltd stood at 2.9 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

JSW Steel Ltd is a prominent player in the steel manufacturing industry, known for producing a wide range of steel products, including hot rolled, cold rolled, galvanized, and galvalume products. As one of the largest steel manufacturers in India, JSW Steel serves various sectors such as automotive, construction, and infrastructure. The company has a significant presence not only in India but also in the global steel market. Recent developments in the industry, along with JSW Steel's strategic initiatives, contribute to its standing as a key player in the steel industry. However, specific recent major developments are not provided in the data available.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), JSW Steel reported a total income of ₹41,525 crores. This marks a quarter-over-quarter (QoQ) increase of 4.2% from the previous quarter (Q2FY25), where total income was ₹39,837 crores. However, when compared year-over-year (YoY) to the same quarter in the previous fiscal year (Q3FY24), the total income decreased by 1.4% from ₹42,134 crores. This fluctuation in revenue highlights changes in market conditions and operational performance over the past year.

Profitability

JSW Steel's profitability metrics in Q3FY25 show a profit before tax (PBT) of ₹1,172 crores, reflecting a significant QoQ growth of 37.7% from ₹851 crores in Q2FY25. Despite this quarterly improvement, the YoY comparison indicates a substantial decline of 64.7% from ₹3,319 crores in Q3FY24. The tax expense for Q3FY25 was ₹459 crores, up by 19.2% QoQ but down 46.2% YoY. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹719 crores, representing a robust 78.0% increase QoQ from ₹404 crores, yet a notable decrease of 70.7% YoY from ₹2,450 crores. Earnings per share (EPS) also followed a similar trend, increasing 61.1% QoQ to ₹2.90, but declining 70.7% YoY from ₹9.90.

Operating Metrics

Total expenses for JSW Steel in Q3FY25 amounted to ₹40,250 crores, demonstrating a 4.2% increase QoQ from ₹38,644 crores in Q2FY25. In comparison to Q3FY24, total expenses rose by 3.7% from ₹38,815 crores. The consistent rise in expenses both QoQ and YoY indicates changes in operational or input costs. The financial data provided does not include specific details on key financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio, which are essential for a comprehensive analysis of operational efficiency.