Q1FY23 Preview: JSW Steel: Revenue seen at Rs402,201 million; PAT at Rs19,406 million

21 Jul 2022 , 02:29 PM

Results date: 22nd July
Recommendation: Sell
Target Price: Rs683
Source: IIFL Research

JSW Steel’s forecasted sales in 1st Quarter of 2022-23 is Rs402,201 million. Year-on-Year growth in revenue is forecasted at around 38.9%. EBITDA is likely to be at Rs 59687 million. This will be a year-on-year decline of 41.9%. Profit after tax is likely to stand at around at Rs19,406 million. This will be a year-on-year decline of 67.1%.

Important management insights to look out for:

*Ongoing challenges in the macroenvironment, including the scenario of a global recession
* Higher cost of inputs such as coking coal

Rs Million	June 2022 estimates	YoY change
Revenue	402,201	38.9%
Ebitda	59,687	(41.9)%
Profit after tax	19,406	(67.1)%

Source: Brokerage reports