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Values in Rs. in  Crores

JSW Sep 23 Year on Year Revenue Zooms by 6.7% to Rs.44584 Crore and Year on Year Profit flies by 239.7% to Rs.2773 Crore. Quarter to Quarter Revenue Zooms by 5.6% and Q to Q Profit grown by 14.2%

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Revenue Analysis:

JSW, has reported a revenue of Rs. 44584 Crore, which has crosses by 5.6% as compared to previous quarter revenue of Rs. 42213 Crore. As compared to revenue of September-22, there is a rise by 6.7% from Rs. 41778 Crore. to Rs. 44584 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.43838 Crore . Company's reported Revenue of Rs. 44584 is fairly in line with expectations.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has balloons by 239.7% to Rs.2773 Crore from Rs. -1985 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has crosses by 14.2% to Rs.2773 Crore from Rs. 2428 Crore. Net Profit % of the Company has remained at 6.2% compared to 5.8% in previous quarter and -4.8% in year ago quarter.


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly maintains same to 17.7% from 16.7% as compared with June, 2023 quarter. The reason for the nearly stays similar of EBITDA Margin is due to,

a) Cost of Sales has grown to 54.6% (Previous Quarter: 50.6%). Cost of Sales in absolute terms has rise from Rs. 21370 Crore to 24365 Crore.

b) Employee Cost has shrinks to 2.5% (Previous Quarter: 2.8%). Employee Cost in exact value has dwindle from Rs. 1161 Crore to 1097 Crore.

c) Other Expenses has decreases sharply to 25.2% (Previous Quarter: 29.9%). Other Expenses slides from Rs. 12636 Crore to 11236 Crore.

The finance cost has crosses from Rs. 1963 Crore to 2084 Crore by 6.2%.


Key Matrix:

Price to Earning (PE) ratio of the company is 33.01 as compared to the Industry PE of 47.6. Low PE signifies that there can be scope of increase in share prices in future. Companies Return on Equity (ROE) is 14.2% and Return of Capital Employed (ROCE) is 14.2%.


Share Price Movement:

The Return on Share Prices were -0.5% in past one month, -0.2% in 3 months, 7.5% in 6 months, 24.4% in 12 months, 14.8% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has crosses by 5.6%. Gross Margin has shrinks from 49.4% to 45.4%. EBITDA Margin has nearly maintains same to 17.7% from 16.7%. and Net Profit After Tax Margin has crosses to 6.2% from 5.8%.


The Brief of Quarterly Results is as follows:

JSW Steel Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
44584
42213
46962
39134
Cost of Goods Sold
24365
21370
24515
21476
Employee Cost
1097
1161
1007
1019
Other Expenses
11236
12636
13501
12092
EBITDA
7886
7046
7939
4547
Depreciation
2019
1900
2009
1882
Interest Expense
2084
1963
2138
1819
Other Income
213
331
465
188
Profit B4 Excep. Items
3996
3514
4257
1034
Exception Items
-589
34
8
56
Net Profit Before Tax
4585
3480
4249
978
Taxes
1812
1052
508
504
Net Profit After Tax
2773
2428
3741
474
Gross Margin %
45.40%
49.40%
47.80%
45.10%
Employee Cost %
2.50%
2.80%
2.10%
2.60%
Other Expense Cost %
25.20%
29.90%
28.70%
30.90%
EBITDA %
17.70%
16.70%
16.90%
11.60%
Net Profit After Tax %
6.20%
5.80%
8.00%
1.20%

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00:00 / 04:10
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