8 months ago
JSW Steel Q3 Earnings: Stock Rises, Earnings Under Pressure
JSW Steel's stock has gone up because the government put a tax on cheap steel imports.
This makes their steel more expensive, which is good for their prices.
But, their profits might go down because the cost of making steel has gone up, and people aren't buying as much.
The company is also being investigated for possibly working with other steel companies to set high prices.
They are also trying to make more steel by building new factories and working with other companies.
Investors are waiting to see how much money the company made in the last three months and what the company plans to do next.
JSW Steel's stock rose 5.7% in three weeks due to government import levies on cheaper steel.
Analysts expect Q3 revenue of ₹43,194 crore, down 4% sequentially, with profit declining 21% QoQ.
The company faces regulatory risks due to allegations of price collusion with other steelmakers.
JSW Steel is pursuing aggressive capacity expansion, aiming for 51 million tonnes per annum.
The company reduced its debt by ₹20,000 crore through a deal with Bhushan Power & Steel.
- Who
- JSW Steel, a leading Indian steelmaker
- What
- Q3 earnings preview and stock performance
- Where
- India, with global implications for steel exports
- When
- Earnings to be announced on Friday (specific date not mentioned)
- Why
- Impact of import levies, price collusion allegations, and market conditions on earnings
Key facts
- Stock Performance
- 5.7% rise since 30 December
- Expected Revenue (Q3)
- ₹43,194 crore
- Expected Profit (Q3)
- ₹1,288 crore
- Total Debt (Q2)
- ₹79,153 crore
- Debt Reduction from BPSL Deal
- ₹20,000 crore
- Capacity Expansion Target
- 51 million tonnes per annum
- Safeguard Duty on Imports
- 12% for three years
- Steel Consumption Growth (Apr-Dec 2025)
- 6.8%
Quotes
Ravi Sodah
Metals and mining analyst at Elara Securities
“The adverse spread between realization and input cost is likely to weigh on profitability”
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