JSW Steel’s performance is expected to be impacted in Q2 FY25, with its Profit After Tax (PAT) likely to decline by 35.2% YoY to Rs. 1,550 crore, according to a report by PL Capital. Despite this, the company’s crude steel production has seen a rise, with a 6-7% year-on-year (YoY) increase in Q2 FY25, reportedly led by strong demand and more efficient production. The company’s production stood at 6.77 million tonne (MT) in Q2 FY25. While the production numbers are a positive sign, the PAT decline is attributed to various factors, including pricing pressure, raw material cost inflation, and a higher tax outgo. The company’s stock has traded positively on the basis of its forecasted production growth, indicating investor optimism about its future performance. However, the 35.2% YoY decline in PAT is a concern, and the company’s actual performance will be closely watched by the market.
Source: https://www.moneycontrol.com/