JSW Steel Standalone March 2025 Net Sales at Rs 32,471.00 crore, down 8.12% Y-o-Y

JSW Steel posted a robust 16% year-on-year (YoY) growth in consolidated net profit for the fourth quarter, despite a slight dip in revenue from operations. The company’s performance highlights operational efficiency and strong domestic market demand, offsetting weaker revenue numbers.

Q4 Financial Performance

For the quarter ended, JSW Steel reported a consolidated net profit of ₹1,503 crore, rising from ₹1,299 crore in the same period last year—a 16% YoY increase. Revenue from operations, however, slipped by 3% YoY to ₹44,819 crore.

Operational Highlights and EBITDA Growth

Strong operational metrics and effective cost management were key drivers behind the profit growth. Operating EBITDA stood at ₹6,378 crore for the quarter, reflecting a 14.2% margin and a 14% quarter-on-quarter (QoQ) increase. This was largely supported by increased sales volumes and a decline in coking coal prices.

Crude steel production reached 7.63 million tonnes—up 9% QoQ and 12% YoY. Capacity utilization for Indian operations improved to 93%, compared to 91% in the previous quarter. Steel sales totaled 7.49 million tonnes, marking a 12% QoQ and 11% YoY rise.

Strong Domestic and Institutional Sales

Domestic sales were especially strong, amounting to 6.72 million tonnes—an increase of 30% YoY and 12% QoQ. Institutional sales rose by 11% QoQ and 33% YoY, while retail sales climbed by 15% QoQ and 25% YoY. Export volumes remained stable at 8% of Indian operations’ sales.

For the full year, JSW Steel reported 27.79 million tonnes of consolidated production and 26.45 million tonnes of sales, aligning with its revised guidance from Q3FY25.

Subsidiary Performance and Legal Developments

Bhushan Power and Steel (BPSL)

BPSL recorded crude steel production of 0.98 million tonnes and sales of 0.94 million tonnes. It generated ₹5,635 crore in operating revenue and ₹570 crore in EBITDA, with a net profit of ₹42 crore for the quarter.

However, the Supreme Court recently rejected JSW Steel’s resolution plan for BPSL, ordering refunds to creditors and a reversal of equity contributions. Despite this setback, JSW Steel intends to explore all legal options to challenge the decision.

JSW Steel Coated Products

This subsidiary reported production of 1.20 million tonnes and sales of 1.22 million tonnes, generating ₹9,035 crore in revenue from operations.

Financial Position and Market Performance

JSW Steel’s financial metrics improved in Q4. Net gearing decreased to 0.94x from 1.00x in Q3FY25, and net debt to EBITDA improved to 3.34x from 3.57x.

On the stock market, JSW Steel shares closed 0.36% higher at ₹1,009 on the NSE on Friday.