17 May 2023 , 10:43 AM
Result date: 19th May, 2023
Recommendation: Reduce
Target price: Rs. 682
(Source: IIFL Research)
JSW Steel could post 11-12% increase in sales volumes over the year-ago quarter (15-16% sequentially). Realization though could decline in high single digits on a year-on-year basis, though it could improve sequentially. Consolidated revenue could fall 2.2% over the year-ago quarter, but increase 17% sequentially.
JSW Steel’s consolidated EBITDA could decline ~32% over the year ago quarter amid lower steel realization (offset in part by lower coking coal costs).
Profit After Tax (PAT) could decline 54% over the year-ago quarter.
Rs Crore |
March 2023 estimates |
YoY change |
QoQ change |
Revenue |
45,658 |
(2.2)% |
17.0% |
EBITDA |
6,259 |
(31.88)% |
37.7% |
Profit After Tax |
1,723 |
(53.8)% |
261.1% |
Source: Brokerage estimates
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