Steel major JSW Steel Ltd. has confirmed the date for declaring its financial results for the October-December 2024 quarter. The company announced that its Q3 results will be declared this week.
India's second largest steel company JSW Steel has a market cap of over Rs 2.25 lakh crore. JSW Steel, the flagship steel business of the JSW Group, has a manufacturing capacity of 35.7 MTPA in India and the US. The company's Vijayanagar manufacturing unit is the largest steel-producing facility at a single location in India.
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Here is everything you need to know about JSW Steel Q3 Results.
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JSW Steel Q3 Results: Date And Time
In a stock exchange filing dated Dec. 23, 2024, JSW Steel informed the bourses that it will declare its Q3 results on Jan. 24.
"This is to inform you that a meeting of the Board of Directors has been convened to be held on Friday, 24th January 2025, to consider inter alia the Un-Audited Standalone & Consolidated Financial results of our Company for the quarter ended 31st December 2024," the company said.
The trading window for dealing in the securities of the company that closed on Jan. 1, will reopen on Jan. 27, the company added.
The company will also hold a conference call with analysts at 06.15 p.m. on Friday.
JSW Steel Share Price History
Shares of JSW Steel have remained flat over the last five sessions of trading on the NSE. The company's stock price has fallen over 2% over the past month, while it has increased by 16% over the past year. Shares of JSW Steel Ltd. fell over 1% on the NSE on Wednesday and were trading at Rs 917 apiece as of 11:54 a.m.
JSW Steel Q2 Results
JSW Steel Ltd. reported an 85% plunge in its consolidated profit for Q2 FY25, missing analysts' estimates. The steel producer's profit stood at Rs 404 crore for the July-September quarter, compared to Rs 2,774 crore in the same period last year. The sharp decline in the net profit was because of an expectational item worth Rs 342 crore. Consolidated revenue from operations declined 11% to 39,684 crore against Rs 44,821 crore in the same quarter last year. The revenue fell during the quarter due to the negative impact of lower steel prices, the company said.
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