JSW Steel on Friday reported 16% growth in its consolidated net profit at Rs 1,503 crore in the fourth quarter, compared with Rs 1,299 crore in the last year quarter.
Revenue from operations in the same period fell 3% year-on-year (YoY) to Rs 44,819 crore.
Operating EBITDA for the fourth quarter stood at Rs 6,378 crore, with an EBITDA margin of 14.2% during the quarter. The EBITDA increased by 14% QoQ, driven by higher sales volumes and lower coking coal cost.
Consolidated crude steel production for the quarter stood at 7.63 million tonnes, higher by 9% QoQ and 12% YoY. Capacity utilization at the Indian operations was 93% during the quarter versus 91% in Q3FY25.
Steel sales for the quarter came in at 7.49 million tonnes, higher by 12% QoQ and 11% YoY. Domestic sales at 6.72 million tonnes were higher by 12% QoQ and 30% YoY.
The institutional sales volumes increased 11% QoQ and 33% YoY, while retail sales increased 15% QoQ and 25% YoY. Exports were stable QoQ at 8% of sales from the Indian operations.
The company achieved consolidated annual production of 27.79 million tonnes and sales of 26.45 million tonnes, meeting the revised volume guidance announced in Q3FY25.
India Operations
Indian operations sales growth was driven by strong domestic sales at 6.72 million tonnes, up by 30% YoY and 12% QoQ. The Indian operations registered revenue of Rs 42,679 crore and operating EBITDA of 6,436 Rs crore.
Coming to the subsidiaries, Bhushan Power and Steel registered crude steel production of 0.98 million tonnes and sales volume of 0.94 million tonnes. Revenue from operations and Operating EBITDA for the quarter stood at Rs 5,635 crore and Rs 570 crore, respectively. BPSL reported a PAT of Rs 42 crore for the quarter.
JSW Steel Coated Products, meanwhile, reported a production volume (GI/GL, Tin, CRCA and other saleable products) of 1.20 million tonnes and sales volume of 1.22 million tonnes. Revenue from operations for the quarter stood at Rs 9,035 crore.
The company's net gearing stood at 0.94x at the end of the quarter, as against 1.00x at the end of Q3FY25, and Net debt to EBITDA stood at 3.34x, as against 3.57x at the end of Q3FY25.
On Friday, JSW Steel shares closed 0.36% higher at Rs 1,009 on NSE.
Management on Bhushan Power & Steel
The company said it has implemented the resolution plan for Bhushan Power and Steel in compliance with law and taken all steps to successfully revive the company to its present status today.
The Supreme Court rejected the JSW Steel's resolution plan for BPSL and directed refund of amounts paid to creditors of BPSL, and equity contribution made in BPSL.
JSW Steel has assessed the matter and believes it has strong grounds for availing all available legal remedies.
Revenue from operations in the same period fell 3% year-on-year (YoY) to Rs 44,819 crore.
Operating EBITDA for the fourth quarter stood at Rs 6,378 crore, with an EBITDA margin of 14.2% during the quarter. The EBITDA increased by 14% QoQ, driven by higher sales volumes and lower coking coal cost.
Consolidated crude steel production for the quarter stood at 7.63 million tonnes, higher by 9% QoQ and 12% YoY. Capacity utilization at the Indian operations was 93% during the quarter versus 91% in Q3FY25.
Steel sales for the quarter came in at 7.49 million tonnes, higher by 12% QoQ and 11% YoY. Domestic sales at 6.72 million tonnes were higher by 12% QoQ and 30% YoY.
The institutional sales volumes increased 11% QoQ and 33% YoY, while retail sales increased 15% QoQ and 25% YoY. Exports were stable QoQ at 8% of sales from the Indian operations.
The company achieved consolidated annual production of 27.79 million tonnes and sales of 26.45 million tonnes, meeting the revised volume guidance announced in Q3FY25.
India Operations
Indian operations sales growth was driven by strong domestic sales at 6.72 million tonnes, up by 30% YoY and 12% QoQ. The Indian operations registered revenue of Rs 42,679 crore and operating EBITDA of 6,436 Rs crore.
Coming to the subsidiaries, Bhushan Power and Steel registered crude steel production of 0.98 million tonnes and sales volume of 0.94 million tonnes. Revenue from operations and Operating EBITDA for the quarter stood at Rs 5,635 crore and Rs 570 crore, respectively. BPSL reported a PAT of Rs 42 crore for the quarter.
JSW Steel Coated Products, meanwhile, reported a production volume (GI/GL, Tin, CRCA and other saleable products) of 1.20 million tonnes and sales volume of 1.22 million tonnes. Revenue from operations for the quarter stood at Rs 9,035 crore.
The company's net gearing stood at 0.94x at the end of the quarter, as against 1.00x at the end of Q3FY25, and Net debt to EBITDA stood at 3.34x, as against 3.57x at the end of Q3FY25.
On Friday, JSW Steel shares closed 0.36% higher at Rs 1,009 on NSE.
Management on Bhushan Power & Steel
The company said it has implemented the resolution plan for Bhushan Power and Steel in compliance with law and taken all steps to successfully revive the company to its present status today.
The Supreme Court rejected the JSW Steel's resolution plan for BPSL and directed refund of amounts paid to creditors of BPSL, and equity contribution made in BPSL.
JSW Steel has assessed the matter and believes it has strong grounds for availing all available legal remedies.
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