JSW Steel Q4FY25 net profit rises 16% to ₹1,503 cr despite 3% dip in revenue
Mumbai: JSW Steel on Friday reported a 16% rise in its consolidated net profit to ₹1,503 crore for the fourth quarter, up from ₹1,299 crore in the corresponding period last year, reported The Economic Times.
However, revenue from operations dropped 3% year-on-year to ₹44,819 crore.
Operating EBITDA for the quarter stood at ₹6,378 crore, reflecting a 14% sequential increase, largely on account of improved sales volumes and lower coking coal costs. The EBITDA margin for the quarter was 14.2%.
Crude steel production reached 7.63 million tonnes, marking a 9% quarter-on-quarter and 12% year-on-year increase. Capacity utilisation in Indian operations rose to 93% in Q4FY25, up from 91% in the previous quarter.
Steel sales rose to 7.49 million tonnes—an increase of 12% QoQ and 11% YoY. Of this, domestic sales stood at 6.72 million tonnes, registering a 30% YoY and 12% QoQ rise. Institutional sales grew 11% QoQ and 33% YoY, while retail sales climbed 15% QoQ and 25% YoY. Export volumes remained steady QoQ, accounting for 8% of sales from Indian operations.
For the full year, JSW Steel achieved consolidated crude steel production of 27.79 million tonnes and sales of 26.45 million tonnes, aligning with its revised volume guidance provided in Q3FY25. Indian operations alone contributed revenue of ₹42,679 crore and operating EBITDA of ₹6,436 crore in Q4, driven primarily by strong domestic sales.
In terms of subsidiaries, Bhushan Power and Steel Ltd (BPSL) recorded crude steel production of 0.98 million tonnes and sales of 0.94 million tonnes. Revenue and operating EBITDA for BPSL stood at ₹5,635 crore and ₹570 crore, respectively, with the unit posting a profit after tax of ₹42 crore.
JSW Steel Coated Products reported a production volume of 1.20 million tonnes and sales of 1.22 million tonnes. Its revenue from operations during the quarter stood at ₹9,035 crore.
The company's net gearing improved to 0.94x at the end of Q4, compared to 1.00x at the end of Q3FY25. Net debt to EBITDA also eased to 3.34x from 3.57x over the same period.
Shares of JSW Steel closed 0.36% higher at ₹1,009 on the NSE on Friday.
Management on Bhushan Power & Steel:
JSW Steel said it has fully implemented the resolution plan for Bhushan Power and Steel in accordance with legal provisions and has taken all necessary measures to revive the company to its current operational level.
However, the Supreme Court rejected JSW Steel’s resolution plan for BPSL and ordered a refund of the amounts paid to BPSL creditors, including the equity contributions made. The company stated it believes it has strong legal grounds and intends to pursue all available remedies.
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