JSW Steel Delivers Best-in-Class FY 2024‑25: ₹3,491 crore Profit on ₹1.69 Lakh crore Revenue

JSW Steel reported a strong financial performance for the fiscal year 2024–25, with a consolidated revenue of ₹1,68,824 crore and a net profit after tax of ₹3,491 crore. The company’s crude steel production stood at 27.79 million tonnes during the year, while saleable steel sales reached 26.45 million tonnes. Operational performance was supported by steady demand in domestic and export markets, along with increased capacity utilization across its major plants. Despite a challenging global environment and price volatility, JSW Steel maintained its leadership position in the Indian steel industry, focusing on volume growth and cost optimization.

The company reported an operating EBITDA of ₹22,904 crore for the full year, reflecting stable margins across most business verticals. In the fourth quarter alone, JSW Steel posted a net profit of ₹1,501 crore despite a slight decline in revenues to ₹44,819 crore, which was attributed to seasonal moderation in steel prices and export realizations. However, lower raw material costs and operational efficiencies helped offset the impact on margins. The quarter also featured increased domestic steel sales, which grew by 30 percent year-on-year to 6.72 million tonnes, driven by strong construction, automotive, and infrastructure demand.

Looking ahead, JSW Steel is focused on its long-term capacity expansion goals and decarbonization initiatives. The company reaffirmed its plan to increase domestic steel-making capacity to 50 million tonnes by fiscal year 2030, backed by an estimated capital expenditure of ₹60,000 crore. Major growth projects include the expansion at Dolvi, greenfield developments in Odisha, and backward integration through coal and iron ore linkages. In addition, JSW Steel has launched its GreenEdge program, aimed at reducing carbon emissions and enhancing energy efficiency, in alignment with its ambition to achieve net-zero emissions by 2050. These initiatives position the company to grow sustainably and meet future steel demand, both in India and abroad.

Sources:TheFinancialExpress