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JSW Steel Q4 Results 2024
JSW Steel's Q4 2024 results show a 64% profit drop, earning Rs 1,299 crore. Despite slightly lower revenue, they maintained steady steel sales with a 1.7% increase in share price.
by S Samayanka
Updated May 17, 2024
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JSW Steel
JSW Steel is a big steel company from India. It's in Mumbai and is the main company of the JSW Group. When Bhushan Power & Steel, Ispat Steel, and Jindal Vijayanagar Steel Limited joined together, JSW Steel became the second biggest private steel company in India.
JSW Steel has many factories where they make steel. The main one is in Vijaynagar, which is the biggest steel plant in India.
JSW Steel Q4 Results 2024
JSW Steel's Q4 results for 2024 were announced today, on May 17th, 2024.
|
Fiscal Period |
Mar 23 |
Dec 22 |
QoQ Comp |
|---|---|---|---|
|
Total Revenue |
46,962 |
39,134 |
20.00% |
|
Selling/General/Admin Expenses Total |
1,007 |
1,019 |
-1.18% |
|
Depreciation/Amortization |
2,009 |
1,882 |
6.75% |
|
Other Operating Expenses Total |
6,653 |
6,009 |
10.72% |
|
Total Operating Expense |
41,032 |
36,469 |
12.51% |
|
Operating Income |
5,930 |
2,665 |
122.51% |
|
Net Income Before Taxes |
4,249 |
978 |
334.46% |
|
Net Income |
3,664 |
490 |
647.76% |
|
Diluted Normalized EPS |
15.21 |
2.03 |
649.18% |
|
Exchange |
Price (₹) |
Change (₹) |
Change (%) |
Volume |
|
BSE |
907.32 |
0.95 |
2.36% |
2.20 Lakh |
|
NSE |
907.45 |
21.05 |
2.37% |
4.63 Million |
JSW Steel Q4 2024 Highlights
These are the main points about how JSW Steel performed in the fourth quarter of 2024.
Profit Drop: JSW Steel made less money compared to last year. Their profit dropped by 64%. They earned Rs 1,299 crore this year, while last year they made Rs 3,664 crore.
Less Revenue: The money they made from their business slightly went down. This year, they made Rs 46,269 crore, compared to Rs 46,962 crore last year.
Operating EBITDA: This means how much money the company made before paying taxes and other costs. JSW Steel made Rs 6,124 crore, which is 13.2% of their total earnings during this quarter.
Reason for Less Profit: They made less profit because they got less money for their products and the cost of making those products increased. This made their operating profit go down by 15% compared to the previous quarter.
Steel Production: They made slightly less steel this quarter compared to the previous one, but they made more steel compared to last year.
Sales: They sold about the same amount of steel compared to last year, but they sold more compared to the previous quarter.
Domestic Sales Down: They sold less steel within the country compared to last year because more steel was being brought in from other countries.
Exports Up: They sold more steel to other countries compared to the previous quarter because there was more demand for steel globally.
Achievement: Even though they faced challenges, they met their goals of making and selling steel for the whole year.
Dividend: The company will give its shareholders a final dividend of Rs 7.30 per share.
Share Price: After announcing these results, the price of JSW Steel's shares went up by 1.7%.
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JSW Steel Q4 Results 2024 - FAQs
1. What were JSW Steel's Q4 2024 results?
Their profit dropped by 64%, and they made Rs 1,299 crore.
2. Why did JSW Steel's profit drop?
They got less money for their products, and making those products cost more.
3. What is JSW Steel?
JSW Steel is a big steel company from India.
4. What are JSW Steel's main products?
They make steel and related items like long rolled products and galvanized sheets.
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