JSW Steel shares fall over 2% after Q4 result disappoints
The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.
JSW Steel Results Earnings Call for Q4FY24
Conference Call with JSW Steel Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Q4FY24 Quarterly & FY24 Annual Result Announced for JSW Steel Ltd.
JSW Steel announced Q4FY24 & FY24 results: Revenue from Operations: Rs 1,75,006 crore in FY24, Rs 46,269 crore in Q4FY24 Operating EBITDA: Rs 28,236 crore in FY24, Rs 6,124 crore in Q4FY24 Net Profit: Rs 8,973 crore in FY24, Rs 1,322 crore in Q4FY24 Net Debt to Equity: 0.93x and Net Debt to EBITDA: 2.62x Dividend of Rs 7.30 per share Highest ever VASP sales in Q4FY24, up 5% YoY; 62% share of total sales Highest ever quarterly Coated and Long products sales in Q4FY24, up 5% and 11% YoY, respectively Highest ever Tinplate sales in Q4FY24, up 14% YoY; Renewables (Solar+Wind) sales up 31% YoY Highest ever VASP sales volume in FY24, up 19%; 61% share of total sales Highest ever Construction and Infra sales in FY24, up 11%; highest ever Auto sales, up 5% Highest ever Renewable (Solar+Wind) sales in FY24, up 30%; Appliance segment sales up 11% Average India capacity utilization of 92% in FY24, 93% in Q4FY24 Consolidated crude steel production of 26.43mt in FY24 (up 9% YoY), 6.79mt in Q4FY24 (up 3% YoY) Consolidated steel sales of 24.78mt in FY24 (up 11% YoY), 6.73mt in Q4FY24 (up 3% YoY) Retail volumes in Q4FY24 FY24 up 16% QoQ but down 3% YoY. Branded products sales up 7% in FY24 Result PDF JSW STEEL LTD. - 500228 - Announcement under Regulation 30 (LODR)-Acquisition
The Company through its wholly owned subsidiary JSW Natural Resources Ltd has executed Quotas Sale Agreement, Assignment of Contractual Position Agreement to acquire 92.19% equity stake and shareholders loans of Minas de Revuboe Limitada. JSW STEEL LTD. - 500228 - Announcement under Regulation 30 (LODR)-Investor Presentation
Analyst Presentation for Q4 FY 2023-24. JSW STEEL LTD. - 500228 - Announcement under Regulation 30 (LODR)-Change in Management
Change in Key Managerial Personnel JSW STEEL LTD. - 500228 - Corporate Action-Board approves Dividend
Recommendation of Dividend JSW STEEL LTD. - 500228 - Results - Annual Audited Financial Results For The Quarter And Financial Year Ended 31St March, 2024
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