Q4FY21 Result Update - JSW Steel - ICICI Direct

JSW Steel reported a healthy operational performance in Q4FY21 wherein consolidated topline and EBITDA came in higher than our estimate while consolidated PAT came in line with our estimates. Consolidated topline for Q4FY21 was at Rs. 26934 crore, up 51% YoY, 23% QoQ, higher than our estimate of Rs. 25365 crore. Consolidated EBITDA was at Rs. 8440 crore, up 184% YoY, 42% QoQ, higher than our estimate of Rs. 8038 crore. Consolidated EBITDA margin were at 31.3% in Q4FY21, compared to 27.2% in Q3FY21 and 16.6% in Q4FY20 (our estimate of 31.7%). For Q4FY21, on a standalone basis, JSW Steel reported sales volume of 4.06 MT (up 10% YoY), marginally higher than our estimate of 4.0 MT. Standalone EBITDA/tonne came in at Rs. 19756/tonne, broadly in line with our estimate of Rs. 19000/tonne (Rs. 14444/tonne in Q3FY21 and Rs. 8703/tonne in Q4FY20). Ensuing consolidated PAT was at Rs. 4191 crore, up 57% QoQ, in line with our estimate of Rs. 4260 crore.

For details, click on the link below: Link to the Report

Shares of JSW STEEL LTD. was last trading in BSE at Rs.700.95 as compared to the previous close of Rs. 681.4. The total number of shares traded during the day was 825039 in over 16569 trades.

The stock hit an intraday high of Rs. 714.3 and intraday low of 688.75. The net turnover during the day was Rs. 581965498.

Source : Equity Bulls

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