JSW Steel Q4 net profit rises 13.54% to Rs 1,501 crore; board approves multiple fundraising plans
JSW Steel, led by Sajjan Jindal, reported a 13.54 percent increase in consolidated net profit to Rs 1,501 crore for the quarter ended March 2025, supported by a reduction in expenses.
The company had posted a net profit of Rs 1,322 crore in the same quarter last fiscal, according to an exchange filing on Friday.
Despite a dip in total income to Rs 45,049 crore from Rs 46,511 crore in Q4 FY24, JSW Steel managed to cut expenses to Rs 43,032 crore from Rs 44,401 crore year-on-year, PTI reported.
For the full fiscal year 2024-25, the company's net profit declined sharply by 61 percent to Rs 3,491 crore, compared with Rs 8,973 crore in FY24.
JSW Steel noted that the Q4 profit included a charge of Rs 44 crore.
In a separate announcement, the board recommended a final dividend of Rs 2.80 per fully paid equity share of Re 1 each for FY25.
The board also approved multiple capital-raising measures, including the issuance of non-convertible debentures with warrants convertible into equity shares worth up to Rs 7,000 crore. Additionally, it cleared plans to raise Rs 7,000 crore via qualified institutional placement through equity shares or convertible securities (excluding warrants).
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Furthermore, the company authorized the issuance of secured or unsecured redeemable non-convertible debentures up to Rs 5,000 crore via private placement. The Finance Committee has been empowered to finalize the terms and details of these issuances.
JSW Steel's subsidiary, Bhushan Power and Steel Ltd (BPSL), recorded crude steel production of 0.98 million tonnes and sales volume of 0.94 million tonnes in Q4. BPSL's revenue stood at Rs 5,635 crore with operating EBITDA of Rs 570 crore, reflecting a 5 percent quarter-on-quarter EBITDA growth due to higher sales and lower coking coal costs. The subsidiary posted a profit after tax of Rs 42 crore for the quarter.
For FY25, JSW Steel's total production reached 27.79 million tonnes, with saleable steel sales hitting a record 26.45 million tonnes.
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