Research ReportsJSW Steel Q4 Result Review: Volume Growth Intact, Margin Expansion To Continue, Says Systematix— Maintains Buy
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JSW Steel Q4 Result Review: Volume Growth Intact, Margin Expansion To Continue, Says Systematix— Maintains Buy
Positive signs of government capex revival and easing monetary and fiscal policies could further drive JSW Steel's stock re-rating in the near term, says Systematix.
JSW Steel’s FY25 consolidated Ebitda of Rs 236 billion (-19% YoY) was 3% above brokerage's estimate.
(Photo source: JSW Steel/ X profile)
JSW Steel reported crude steel production of 7.6 mt this quarter, registering 12.4%/8.5% YoY/QoQ growth as new capacities at Bhushan Power & Steel Ltd. and Jindal Vijayanagar Metallics Ltd. ramped up during the quarter. Steel realisations averaged Rs 59,838/t (-13%/-3% YoY/QoQ) in Q4 FY25. Value-added special products increased by 2%/5% YoY/QoQ in Q4 with a 60% share in total sales.