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JSW STEEL’s Q1FY25 Quarter Results

JSW STEEL’s revenue grew 1% YoY
  • 24 Jul 2024
Read Full Article >
  • JSW STEEL reported a 7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1%.
  • Its expenses for the quarter were down by 6% QoQ and up by 7% YoY.
  • The net profit decreased 34% QoQ and 64% YoY.
  • The earnings per share (EPS) of JSW STEEL stood at 3.5 during Q1FY25.

JSW STEEL’s Financial Statements for Q1FY25:

(Rs crores) Q1FY24 Q4FY24 Q1FY25 QoQ (%) YoY (%)
Total income
42,544
46,511
43,107
-7%
1%
Total expenses
39,030
44,401
41,715
-6%
7%
Profit before tax
3,480
2,012
1,380
-31%
-60%
Tax
1,052
690
513
-26%
-51%
Profit after tax
2,428
1,322
867
-34%
-64%
Earnings per share
9.7
5.3
3.5

Financials

  • Revenue from Operations stood at ₹42,943 crore in Q1 with 1% Growth Y-O-Y
  • Operating EBITDA: ₹5,510 crore in Q1
  • Total sales volumes at 6.12mt, up 7% YoY but down 9% QoQ on lower exports
  • Average India capacity utilisation of 87% in Q1

International Operations

  • US: Sharp reduction in EBITDA on a QoQ and YoY basis due to a steep decline in steel prices and NRV losses.
  • Italy: Performance was stable QoQ but down YoY on lower volumes.

Management Commentary

  • Despite challenges, the company showed resilience with strong operational capabilities and strategic initiatives.
  • Average capacity utilisation in India was 87%.
  • The 30 MTPA Slurry Pipeline in Odisha was transferred to JSW Infrastructure Ltd. for better capital efficiency.
  • Recognised as one of India's Best Employers 2024 and received the GreenCo Platinum and ET Edge awards for excellence.

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

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