ConCallIQ
Go Pro
JSWSTEEL Diversified 23 Jan 2025

JSW Steel Limited — Q3 FY25

JSW Steel reported a strong operational quarter with highest-ever consolidated crude steel production of 7.03 million tons and record domestic sales of 6.71 million tons, up 12%...

neutral medium
Compare with...
Revenue ₹41,378 Cr
EBITDA ₹5,579 Cr
PAT ₹719 Cr
EBITDA Margin 13.5%
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Steel import pressure and trade measures delay

India remained a net steel importer with net imports doubling to 3.6 million tons in 9M FY25. Trade safeguard measures are awaited; any delay could keep imports elevated and pressure domestic prices.

high · management_commentary
R

Karnataka mining taxation impact

Proposed state-level taxes on mineral rights and land could increase costs. Management expressed concern about sustainability but expects rational outcome.

medium · analyst_question
R

Overseas operations drag on cash flows

US operations reported EBITDA loss of $17.9 million, and Italian operations saw lower EBITDA. These entities are a small drag on cash flows, though improvement is expected in Q4.

medium · management_commentary
R

Iron ore grade deterioration and cost inflation

Declining ferrous content in some mines (e.g., Jajang) led to uneconomical operations. While beneficiation technology exists, it requires additional capex.

low · analyst_question