JSW Steel Ltd announced a significant decline in its profit for the third quarter of the fiscal year, reporting Rs 719 crore, a 70.65% drop compared to Rs 2,450 crore during the same period last year. The company’s revenue from operations stood at Rs 41,378 crore, marking a slight decrease of 1.34% from Rs 41,940 crore in Q3 FY24.
The company’s EBITDA for the quarter was Rs 5,579 crore, up 3% compared to the previous quarter, as a fall in steel prices was offset by increased production volumes and reduced costs, particularly in coking coal. JSW Steel achieved consolidated crude steel production of 7.03 million tonnes, representing a 2% year-on-year growth and a 4% increase from the previous quarter. The company’s domestic steel sales reached a record high of 5.99 million tonnes, reflecting an 8% quarter-on-quarter and 14% year-on-year growth, driven by strong institutional and retail demand. Exports made up 8% of total sales, up from 7% in Q2 FY25.
The operating EBITDA for JSW Steel’s India operations was Rs 5,564 crore, down 20% from last year, while EBITDA per tonne was Rs 8,516, with a margin of 14.1%. Profit from these operations dropped 57% year-on-year, standing at Rs 1,091 crore.
For Bhushan Power & Steel (BPSL), crude steel production for the quarter was 0.96 million tonnes, with finished steel sales of 0.88 million tonnes. Revenue from operations was Rs 5,340 crore, and EBITDA rose by 25% quarter-on-quarter, driven by higher volumes and lower coking coal costs, though partially offset by lower sales prices.
JSW Steel Coated Products reported a production and sales volume of 1.15 million tonnes, with a revenue of Rs 8,600 crore and EBITDA of Rs 496 crore. Profit for the segment was Rs 170 crore for the quarter. JSW Steel USA’s Ohio facility produced 231,872 net tonnes of slabs, with a capacity utilization rate of 64%. In Texas, the Plate & Pipe Mill produced 109,490 net tonnes of plates and 11,287 net tonnes of pipes, with capacity utilization rates of 43% and 8%, respectively. The Italy facility produced 68,909 tonnes of rolled long products, with EBITDA of €1.85 million for the quarter.
Headquartered in Mumbai, JSW Steel is a part of the larger JSW Group and plays a critical role in India’s infrastructure development, supplying high-quality steel products for industries such as construction, automotive, energy, and manufacturing. With an integrated production capacity that spans several manufacturing plants across India, JSW Steel is known for its innovation, focusing on producing environmentally sustainable and high-performance steel solutions. The company is also expanding its global footprint with operations in the U.S., Europe, and Africa, reinforcing its position as a key player in the international steel market.
JSW Steel’s commitment to sustainability is reflected in its investments in green steel, energy efficiency, and the circular economy, aligning its growth with environmental responsibility. Through continuous improvement and innovation, JSW Steel remains a driving force in both India’s industrial growth and the global steel industry.
