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JSW Steel Q4 Results: The metals company JSW Steel on Friday, May 23, announced a 13.5% year-on-year (YoY) rise in its consolidated net profit to ₹1,501 crore as against ₹1,322 crore in the year-ago period. The profit includes an exceptional charge of ₹44 crore.

The total revenue from operations declined by 3.1% YoY to ₹44,819 crore in the March 2025 quarter, as against ₹46,269 crore in the same period last year.

The operating earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ₹6,378 crore, with an EBITDA margin of 14.2% during the quarter, driven by higher sales volumes and lower coking coal cost.

Consolidated crude steel production for the quarter stood at 7.63 million tonnes, higher by 9% quarter-on-quarter (QoQ) and 12% YoY. Capacity utilisation at the Indian operations was 93% during the quarter, compared to 91% in Q3 FY25.

Steel sales for the quarter stood at 7.49 million tonnes, higher by 12% QoQ and 11% YoY. Domestic sales were 6.72 million tonnes, up 12% QoQ and 30% YoY.

Institutional sales volumes increased 11% QoQ and 33% YoY while retail sales rose 15% QoQ and 25% YoY, and exports remained stable QoQ at 8% of sales from the Indian operations.

JSW Steel achieved consolidated annual production of 27.79 million tonnes and sales of 26.45 million tonnes, meeting the revised volume guidance announced in Q3 FY25.



Net debt as of March 31, 2025, stood at ₹76,563 crore, lower by ₹4,358 crore as against December 31, 2024, due to healthy cash generation, release of working capital and calibrated capeх.

JSW Steel's subsidiary Bhushan Power & Steel's (BPSL) revenue from operations and operating EBITDA for the quarter stood at 5,635 crore and ₹570 crore, respectively. The EBITDA increased by 5% QoQ, mainly due to higher sales volume and lower coking coal cost. BPSL reported a PAT of ₹42 crore for the quarter. It registered crude steel production of 0.98 million tonnes and sales volume of 0.94 million tonnes.

During the quarter, JSW Steel registered revenue of ₹9,035 crore, and EBITDA of ₹575 crore. The EBITDA is 16% higher on QoQ basis, mainly due to higher domestic realisations, partially offset by higher raw material prices. The subsidiary reported a net profit of ₹221 crore for the quarter. Its production volume (GI/GL, Tin, CRCA & other saleable products) stood at 1.20 million tonnes and sales volume of 1.22 million tonnes.

The Board recommended a dividend of 2.80 per equity share on the 244,54,53,966 equity shares of face value of 1 each, for the year ended March 31, 2025, subject to the approval of the Members at the ensuing Annual General Meeting. The total outflow on account of this dividend will be ₹685 crore, the company said. The record date for dividend has been fixed as July 8, 2025.



The company board also approved raising of long-term resources to the tune of ₹14,000 crore. The board gave its go ahead to raise up to ₹7000 crore via non-convertible debentures. Additionally, it also provided approval for raising ₹7,000 via equity shares or convertible securities.

In addition to this, subject to applicable regulatory approvals and market conditions, the Board of Directors at its meeting held today, also approved the issuance of secured/un-secured, redeemable, non-convertible debentures not exceeding ₹5,000 crore.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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