JSW Steel Limited — PPTs, 24-01-2025: Investor Presentation

**Financial Highlights:**

JSW Steel reported revenue from operations of ₹41,378 crore for Q3 FY25, a slight decline from ₹41,940 crore in Q3 FY24. Operating EBITDA stood at ₹5,579 crore, down from ₹7,180 crore YoY. Net profit fell to ₹719 crore compared to ₹2,450 crore in the previous year, reflecting the impact of lower steel prices and increased operational costs. The company maintained a net debt to equity ratio of 1.00x and net debt to EBITDA of 3.57x.

**Strategic Initiatives and Growth Drivers:**

The company achieved a consolidated crude steel production of 7.03 million tonnes (mt), up 2% YoY, while consolidated steel sales rose 12% YoY to 6.71 mt, driven by robust domestic demand. Notable expansions, including the ramp-up of BPSL facilities, are expected to support future growth, with domestic operations reflecting a significant capacity utilization rate of 91%.

**Business Developments:**

JSW Steel secured the Codliblock iron ore mine in Goa through auctions and reported the highest quarterly domestic steel sales, bolstered by strong demand in the auto and construction sectors. New digital initiatives through JSW One are aimed at enhancing operational efficiencies and customer engagement.

**Market Position and Competitive Advantage:**

JSW Steel remains a leader in sustainability, ranking among the top global steelmakers in various sustainability indices, which highlights its commitment to environmental standards and innovative practices. Ongoing expansions and strong distribution channels position the company well for capturing growth in both domestic and international markets.

**Investor Implications:**

Despite recent profit declines, the strong sales growth and strategic initiatives suggest a positive outlook for the upcoming quarters. Investors should monitor how further price fluctuations and operational efficiencies impact profitability and overall market positioning in the evolving steel industry landscape.