Q3FY24 Preview: JSW Steel: Revenue seen at Rs. 48,101 million, PAT at Rs. 2,654 million

24 Jan 2024 , 03:00 AM

Result date: January 25, 2023

Recommendation: Reduce

Target price: Rs. 755

(Source: IIFL Research)

JSW Steel is expected to post 6% sequential decline in volumes, while realization could grow 1%. Consequently, revenue could decline 3% on a sequential basis.

The company’s EBITDA could decline owing to lower volume and higher operating costs. JSW Steel’s overseas subsidiaries could continue to post weak performance during the quarter.

Profit After Tax or PAT could fall by about 11% on a sequential basis.

Important management insights to watch out for:

• Demand trends across markets
• Outlook on margins, profitability

Rs. Million	December 2023 estimates	QoQ change	YoY change
Revenue	48,101	(3.15)%	6.50%
EBITDA	7,410	(7.15)%	55.60%
Profit After Tax	2,654	(10.55)%	203.29%

Source: Brokerage Reports