JSW Steel Ltd.'s fourth-quarter profit declined by over 60%, missing analysts' estimates.
The steel producer's net profit fell 64.7% year-on-year to Rs 1,322 crore in the quarter-ended March 2024, according to an exchange filing issued on Friday. This compares with the Rs 1,661-crore consensus estimate of analysts polled by Bloomberg.
Revenue from operations dropped 1.5% to Rs 46,269 crore during the period, though it beat estimates.
JSW Steel Q4 FY24 Highlights (Consolidated, YoY)
Revenue down 1.5% to Rs 46,269 crore (Bloomberg estimate: Rs 44,676 crore).
Ebitda declined 22.9% to Rs 6,124 crore (Bloomberg estimate: Rs 7,939 crore).
Ebitda margin narrows to 13.2% vs 16.9% (Bloomberg estimate: 13.8%).
Net profit down 64.7% to Rs 1,322 crore (Bloomberg estimate: Rs 1,661 crore).
The board has recommended a dividend of Rs 7.3 per share.
Shares of JSW Steel closed 2.36% higher at Rs 907.30 apiece on Friday, as compared with a 0.34% rise in the BSE Sensex. The results were announced after market hours.
RECOMMENDED FOR YOU
JSW Steel's Superior Execution, Value-Added Special Products To Drive Growth Says PL Capital— Maintains Hold
Sep 12, 2025
JSW Steel, Tata Steel, SAIL, Other Steel Stocks To Be In Focus Today After THIS Govt Update
Aug 18, 2025
NMDC Steel Shares Jump Nearly 16% After Profitable Q1
Aug 13, 2025
Tata Steel, JSW Steel, SAIL To Be In Focus As Steel Manufacturers Raise Prices For August
Aug 11, 2025
POPULAR