JSW Steel Q1 results today: Strong bottomline surge likely despite muted volumes
ADVERTISEMENT Analysts tracking the company forecast around 130% year-on-year (YoY) growth in profit after tax, while revenue is likely to see a modest 4% YoY increase on average.
According to estimates, JSW Steel's standalone volumes are expected to come in at around 5.09–5.2 million tonnes, reflecting a marginal 3% YoY rise, but down 9–12% sequentially due to planned maintenance shutdowns, particularly at the Dolvi plant.
Realisation per tonne is projected to increase by Rs 2,650 QoQ, driven by improved steel prices and supportive cost environment. Kotak Institutional Equities expects a 4.2% QoQ rise in realisation, though still 8.6% lower YoY, while Nuvama anticipates that the benefit from lower coking coal prices will offset the pressure from higher iron ore costs.
EBITDA per tonne is forecast to expand sharply. Kotak pegs EBITDA/t at Rs 11,127, up 33% YoY and 27% QoQ, while Nuvama sees it at Rs 10,820, a rise of over Rs 2,000 per tonne sequentially. This expansion in operating margin is expected to support the bottomline even as volumes remain subdued. On the revenue front, analysts believe the impact of better average selling prices (ASP) will be partly offset by weaker volume performance, capping topline growth.
ADVERTISEMENT Key monitorables for the quarter include: Pricing outlook amid global steel trends, commentary on subsidiary performance, particularly Bhushan Power & Steel (BPSL) and updates on capex projects and commissioning timelines.
Management guidance on domestic demand trends and export opportunities will also be closely tracked by investors. The strong profit growth, despite volume challenges, is expected to reflect the company's cost discipline and pricing power in a recovering steel cycle.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
30 minutes ago
- Business Standard
Punjab & Sind Bank Q1FY26 results: PAT up 48% to ₹269 cr on better asset
State-owned Punjab & Sind Bank on Saturday reported a 48 per cent jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year. The total income rose to Rs 3,379 crore during the June 2025 quarter from Rs 2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,911 crore compared to Rs 2,652 crore in the June quarter of FY25. During the period, the operating profit of the bank increased to Rs 540 crore compared to Rs 317 crore a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.34 per cent of gross advances at the end of the June quarter from 4.72 per cent a year ago. Its gross advance increased by 14 per cent to Rs 99,950 crore from Rs 87,738 crore at the end of June 2024. Similarly, net NPAs, or bad loans, declined to 0.91 per cent against 1.59 per cent in the year-ago period. However, provisions and contingencies increased to Rs 217 crore during the first quarter compared to Rs 103 crore a year ago. Its provision coverage ratio (PCR) improved to 92 per cent from 88 per cent in the same quarter a year ago. At the same time, return on assets (ROA) improved to 0.67 per cent for June 2025, from 0.5 per cent in June 2024, registering an improvement of 17 bps, it said. Capital adequacy ratio of the bank rose to 17.9 per cent from 17.3 per cent in the same quarter of FY25. The total business grew 11 per cent to Rs 2,31,132 crore from Rs 2,08,331 crore at the end of June 2024.
&w=3840&q=100)
Business Standard
30 minutes ago
- Business Standard
JK Cement Q1FY26 results: Profit up 75.4% to Rs 324.25 cr; sales up 19.4%
JK Cement Ltd on Saturday reported a 75.4 per cent increase in its consolidated net profit to Rs 324.25 crore for the June quarter of 2025-26 compared to Rs 184.82 crore in the April-June period a year ago. Its revenue from operations rose by 19.4 per cent to Rs 3,352.53 crore in the June quarter compared to Rs 2,807.57 crore in the corresponding period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Total expenses were at Rs 2,919.83 crore, up 13.2 per cent in the June quarter. The total income of JKCL, which includes other income, was at Rs 3,408.97 crore, up 19.5 per cent in the June quarter.\ Meanwhile, in a separate filing, JKCL said its board in a meeting held on Saturday approved the company's expansion by setting up of 0.6 million tonnes per annum (MTPA) white cement-based wall putty plant near Nathdwara, District Rajasmand of Rajasthan. "The total proposed investment for the expansion is estimated at Rs 195 crore," it said. The board also took note of the company's capacity expansion programme at its cement grinding unit at JK Cement Works, Ujjain, leading to an increased production capacity by 0.5 MTPA. Consequently, the capacity at JK Cement Works, Ujjain stands increased from 1.5 MTPA to 2 MTPA and the company's overall grey cement production capacity stands at 25.26 MTPA, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30 minutes ago
- Economic Times
'Mama has to go to office': Shloka Ambani candidly shares what it's like being a mum with a mission
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In a rare and heartfelt interview, Shloka Mehta Ambani , businesswoman, philanthropist, and daughter-in-law of Mukesh Ambani, opened up about motherhood, ambition, and what it truly means to build a meaningful on Masoom Minawala's podcast, the co-founder of ConnectFor, a unique platform connecting volunteers with non-profits, shared a refreshingly honest take on juggling work and parenting.'I take a lot of pride in telling my kids, just like you go to school, mama has to go to the office. We're all doing something to better ourselves,' she said, her voice filled with purpose. 'You're creating something that someone you're fully invested in is going to be influenced by. That, I think, is the best legacy to leave your children.'Shloka, who studied anthropology at Princeton and law at the London School of Economics, could have chosen a conventional path. Instead, she followed her heart into the social sector, not for profit, but for purpose. In 2014, after returning to Mumbai, she co-founded ConnectFor with her childhood friend, Maniti the platform, Shloka said, 'It's like a for volunteering. We wanted to be that bridge, connecting people who wanted to give their time to NGOs that needed help.'Ten years on, ConnectFor has clocked over 4.18 lakh hours of volunteering, collaborated with over 1,000 NGOs, and partnered with 120 corporates and 150 student groups across India. Their work has helped save over Rs 21 crore for these achievements, Shloka believes India's social sector still lacks recognition, and funding.'If you don't have money, you can't hire good people. Without talent, you can't make a lasting impact. It's a cycle that holds back real progress,' she also pointed to a disconnect between government policies and on-ground realities, using the example of unused school toilets, 'They built toilets, great. But no one was maintaining them. Girls didn't get hygiene education. So the problem came back.'It's this blend of thoughtful critique and unwavering hope that defines Shloka's Maniti, who left behind a career in biomedical science and consulting, echoed the sentiment.'We were tired of ticking boxes. We wanted to build something that mattered.'At ConnectFor, passion often counts more than paper qualifications. Many team members begin as interns and grow into key roles. Every hour of volunteering is tracked, audited, and optimised, a 'return on time' as Shloka puts it.'We run it like a startup, but one with soul.'Shloka married Akash Ambani, her childhood friend and now husband, in a grand wedding in 2019. They have two children, Prithvi, born in 2020, and Veda, born in 2023. Even as part of India's most powerful family, Shloka's worldview remains grounded in empathy, equality, and the belief that all careers are worthy.'It's okay to start slow. What matters is showing up every day and believing you're building something of value.'In an age where wealth and fame often make headlines, Shloka Mehta Ambani's voice stands out, not just for what it says, but for what it seeks to isn't just raising children. She's raising a generation that believes in doing from agencies
