JSW Steel Q4 Results: Profit Doubles But Misses Estimates, Margin Improves

JSW Steel Ltd. reported a lower-than-expected profit in the fourth quarter of financial year 2024-25, even as it managed to double its net income.

Consolidated net profit rose nearly 110% to Rs 1,503 crore in the January-March period, compared to Rs 717 crore in the preceding quarter, according to financial results released on Friday. The bottomline was lower than Rs 1,608 crore projected as per analysts' consensus estimates compiled by Bloomberg.

Revenue from operations surged 8.3% to Rs 44,819 crore, in line with the Bloomberg estimate of Rs 44,720 crore.

For the whole year, the JSW Group company reported a 60% drop in profit to Rs 3,504 crore.

JSW Steel Q4 Result Highlights (Consolidated, QoQ)

• Revenue up 8.3% to Rs 44,819.00 crore versus Rs 41,378.00 crore (Bloomberg estimate: Rs 44,720 crore)

• Ebitda up 14.3% to Rs 6,378 crore versus Rs 5,579 crore (Bloomberg estimate: Rs 6,548 crore)

• Margin at 14.2% versus 13.5% (Bloomberg estimate: 14.6%)

• Net profit up 109.6% to Rs 1,503 crore versus Rs 717 crore (Bloomberg estimate: Rs 1,608 crore)

• Note: Exceptional gain of Rs 44 crore in Q4 crore, Rs 103 in Q3.

JSW Steel Operational Performance

JSW Steel's operational performance for Q4 FY25 and the full FY25 demonstrated strong utilization and production growth.

In India, the company achieved a capacity utilisation of 93% in the March quarter and 91% for the full year, according to an investor presentation. Notably, the new JVML Blast Furnace operated at over 90% utilization in Q4.

The company reported a consolidated crude steel production of 7.63 million tonnes in Q4, marking a 12% increase year-on-year, and 27.79 mt for FY25, up 5% year-on-year.

Consolidated steel sales also saw significant gains, reaching 7.49 mt in Q4 (up 11% YoY) and 26.45 mt for FY25 (up 7% YoY).

JSW Steel achieved its highest-ever quarterly and annual domestic sales, showing increases of 30% and 15% respectively.

The company said it achieved its FY25 guidance production and sales guidance.

JSW Steel Dividend, AGM

The JSW Steel board recommended a final dividend of Rs 2.8 per share for fiscal 2025. The record date is set as July 8.

The dividend, if approved by shareholders in the upcoming Annual General Meeting, will be credited on or before 30 days from the date of the AGM, to be held on July 25.

Shares of JSW Steel closed 0.23% higher at Rs 1007.9 on the BSE, ahead of the results, compared to a 0.95% gain in the benchmark Sensex. The stock has risen 10% in the last 12 months and by 11% so far this year.