JSW STEEL’s Q1FY25 Quarter Results
JSW STEEL’s revenue grew 1% YoY
- 24 Jul 2024
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- 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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