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JSW Steel Conference Call & Result Highlights - JSW Steel Stock Prediction | Invest Yadnya

JSW Steel Conference Call & Result Highlights

Published on 30 July 2021 Views 40 Comments 0

Q1FY22 Results

According to the JSW steel annual report , highest ever quarterly revenue, operating EBITDA of JSW steel value research and Net profit  of JSW steel stock market after tax.
Reported consolidated revenue of JSW steel share price which is 28902 crore, up 145% YoY, 7% QoQ of the JSW steel valuation.
 According to the JSW steel share price history, Standalone operations posted EBITDA/tonne of the JSW steel dividend of 26291/tonne.  It had posted an EBITDA/tonne of 19756/tonne in Q4FY21 and 5104/tonne in Q1FY21.
According to the JSW steel Stock prediction, consolidated EBITDA was at 10274 crores, up 666% YoY, 22% QoQ.
Consolidated PAT was at 5900 crores (up 41% QoQ).
Net Debt to Equity of 1.04 and Net Debt to EBITDA of 1.89.
During the quarter, JSW Steel’s domestic automotive sales increased 5x YoY while domestic automotive production grew by 3x YoY in the country.
During the quarter, VASP registered the highest ever share of 61%, compared to 59% in Q4FY21, 38% in Q1FY21 as of JSW steel stock history. Given increased domestic sales to automotive in the JSW steel stock market, solar, and appliance segments. It was also boosted by robust export demand for coated products on the back of a global economic recovery.

Business Highlights

The 5 MTPA Dolvi expansion will commence operations by September 2021, providing healthy revenue visibility.
JSW Steel’s coated capacity has increased significantly. This is expected to result in increased demand for industrial paints. Hence, the company has taken a decision to invest 750 crores in JSW Paints between FY22 and FY25.
JSW Steel’s board has approved entering into a power purchase agreement (PPA) for procurement of wind and solar power with special purpose vehicles (SPV) set up by JSW Energy.
JSW Energy will be setting up these renewable power facilities with an installed capacity of 958 MW. JSW Steel will invest 445 crore, in the projects to be set up by JSW Energy.
During Q1FY22, average coking coal costs were US$128/tonne. It is expected to increase in the coming quarter. As more iron ore supplies are coming, iron ore prices are not expected to increase beyond Q2FY22.
The increase in cost of production was due to increase in prices of iron ore and coking coal prices.
Company has plans to participate in the auction of 10 mines in Odisha.
Company spent Rs 27 bn towards capex in Q1FY22 (planned capex of Rs182 bn in FY22). It is increasing its Vijayanagar steel capacity by 5 mtpa to 12 mtpa by FY24 with a capex of Rs150 bn.
Company is diversifying the export market by developing alternate markets around European regions. Company is also to increase supply in Latin America, Mexico.

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