JSW Steel Limited — Q4 FY24
JSW Steel reported Q4 FY24 consolidated revenue of INR 46,269 crore, up 10% YoY, with EBITDA of INR 6,124 crore (margin 13.2%) and PAT of INR 1,322 crore.
neutral
medium
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q3 FY24
FY24 volume guidance reiterated: 26.34M tons production, 25M tons sales
Consolidated production and sales targets for FY24 remain unchanged despite Q3 sales dip.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY24
Coking coal cost expected to increase $20-$25/ton in Q4
Landed cost expected to rise from $252/ton in Q3 due to elevated global prices.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q3 FY24
CapEx spend of ~INR 18,000 crore in FY24
Lower than earlier estimate of INR 20,000 crore due to timing of payments spilling into Q1 FY25.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1