JSW Steel declared its Q3 results on 24 Jan, 2025, revealing a sharp decline in profitability. The topline revenue for the company fell by 1.34% year-on-year (YoY) to ₹41,378 crore, while net profit slumped 70.31% YoY to ₹717 crore. However, quarter-on-quarter (QoQ) performance showed improvement, with revenue growing by 4.27% and profit increasing by 63.33%.
The company’s Selling, General & Administrative (SG&A) expenses decreased by 5.82% QoQ and by 2.79% YoY, reflecting ongoing cost control measures.
Operating income for the quarter rose by 11.03% QoQ but dropped by 38.68% YoY. Earnings per share (EPS) for Q3 stood at ₹3.19, marking a decline of 67.71% YoY.
JSW Steel delivered a return of 2.55% over the last week, 6.34% over the past six months, and 3.15% year-to-date (YTD).
As of 25 Jan, 2025, JSW Steel’s market capitalization is ₹226,890.3 crore. The stock’s 52-week high was ₹1,063, and its 52-week low was ₹761.75.
Analyst Recommendations
Out of 30 analysts covering JSW Steel, recommendations varied as follows:
- Strong Sell: 3 analysts
- Sell: 5 analysts
- Hold: 7 analysts
- Buy: 9 analysts
- Strong Buy: 6 analysts
The consensus recommendation as of 25 Jan, 2025, is to Hold.
| Period | Q3 (FY25) | Q2 (FY25) | Q-o-Q Growth | Q3 (FY24) | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 41,378 | 39,684 | +4.27% | 41,940 | -1.34% |
| Selling/ General/ Admin Expenses | 1,149 | 1,220 | -5.82% | 1,182 | -2.79% |
| Depreciation/ Amortization | 2,336 | 2,267 | +3.04% | 2,059 | +13.45% |
| Total Operating Expense | 38,238 | 36,856 | +3.75% | 36,819 | +3.85% |
| Operating Income | 3,140 | 2,828 | +11.03% | 5,121 | -38.68% |
| Net Income Before Taxes | 1,178 | 789 | +49.3% | 3,303 | -64.34% |
| Net Income | 717 | 439 | +63.33% | 2,415 | -70.31% |
| Diluted Normalized EPS | 3.19 | 2.52 | +26.59% | 9.88 | -67.71% |
