Revenue in line; slight beat on earnings

Company
29 Jan 2024
5 Min read 
  • JSW Steel posted consolidated revenue of INR419b, in line with estimates.
  •  EBITDA stood at INR72b, 9% above estimates.
  •  APAT stood at INR23b, 9% above estimates.
  •  Record dispatches to OEM, auto, RE, and packaging sector supported performance.
  •  Net debt increased to INR792b in 3QFY24.
  •  JSTL expects coking coal cost to increase in 4QFY24.
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