JSW Steel Limited, a major Indian steel producer, has reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024.
In Q1 FY25, the company’s consolidated profit fell by nearly 64pct YoY to INR 845 crore (USD 101 mln). The company’s revenue for the period totaled INR 42,943 crore (USD 5.1 bln), marking a 1.73pct increase YoY.
Sequentially, both net profit and revenue decreased by 35pct and 7.2pct, respectively.
In terms of production, JSW Steel’s consolidated crude steel output for Q1 FY25 was 6.35 mln tons, down 1pct YoY and 6pct quarter-on-quarter, largely due to planned shutdowns at the Dolvi and Bhushan Power & Steel plants.
Steel sales for the quarter totaled 6.12 mln tons, a 7pct increase YoY but a 9pct decrease quarter-on-quarter.
JSW Steel’s steel exports in Q1 FY25 dropped by 29pct YoY and accounted for 10pct of sales from Indian operations, compared to 15pct in Q1 FY24.
As the flagship business of the diversified USD 22 bln JSW Group, JSW Steel has expanded over three decades to become India’s leading integrated steel company, with a capacity of 28.5 mln tons per annum in India and the USA (including capacities under joint control). The company’s growth trajectory aims to achieve a total capacity of 38.5 mln tons per annum by FY25 in India. The Vijayanagar manufacturing unit in Karnataka stands as the largest single-location steel-producing facility in India, with a capacity of 12 mln tons per annum.
1 USD / 83.6 INR   
