Sajjan Jindal-led JSW Steel Ltd on Friday (March 7) reported a consolidated crude steel production of 24.07 lakh tonne in February 2025, marking a 12% year-on-year (YoY) growth compared to 21.50 lakh tonne in February 2024.The company’s Indian operations produced 23.32 lakh tonne, a 13% year-on-year increase from 20.59 lakh tonne in the same month last year, with a capacity utilisation of 93.5%. Meanwhile, JSW Steel USA – Ohio recorded a production of 0.75 lakh tonne, down from 0.91 lakh tonne in February 2024.
JSW Steel reported a 71% year-on-year decline in its consolidated net profit at ₹719 crore in the third quarter after considering an exceptional charge of ₹103 crore. The same was ₹2,450 crore in the last year quarter. The profit figure was higher than the CNBC-TV18 poll of ₹573 crore.
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Revenue from operations in the reporting period fell 1% year-on-year to ₹41,378 crore, compared to ₹41,940 crore in the corresponding period of last year. The top line was also higher than the CNBC-TV18 poll of ₹40,545 crore.The company reported an operating EBITDA of ₹5,579 crore during the October- December 2024 period, with EBITDA margins coming in at 13.5%. The EBITDA increased by 3% on a sequential basis as a fall in steel realisations was offset by higher volumes and lower costs, primarily for coking coal.
JSW Steel reported a 71% year-on-year decline in its consolidated net profit at ₹719 crore in the third quarter after considering an exceptional charge of ₹103 crore. The same was ₹2,450 crore in the last year quarter. The profit figure was higher than the CNBC-TV18 poll of ₹573 crore.
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Revenue from operations in the reporting period fell 1% year-on-year to ₹41,378 crore, compared to ₹41,940 crore in the corresponding period of last year. The top line was also higher than the CNBC-TV18 poll of ₹40,545 crore.The company reported an operating EBITDA of ₹5,579 crore during the October- December 2024 period, with EBITDA margins coming in at 13.5%. The EBITDA increased by 3% on a sequential basis as a fall in steel realisations was offset by higher volumes and lower costs, primarily for coking coal.
The company posted its highest-ever quarterly crude steel production at 7.03 million tonnes (MT), higher by 2% year-on-year and 4% quarter-on-quarter. Saleable steel sales stood at 6.71 MT. Capacity utilisation of the Indian operations was at 91% during the quarter.
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The company’s net debt as of December 31, 2024, stood at ₹80,921 crore, lower by ₹1,884 crore as against the previous quarter, on cash generated from operations and the release of working capital.
Shares of JSW Steel Ltd ended at ₹1,008.35, down by ₹2.15, or 0.21%, on the BSE.
First Published: Mar 7, 2025 11:34 pm IS
