On Thursday, JSW Steel saw a notable uptick in its stock price, showcasing a 1.16% increase that brought shares to an intraday high of ₹1,068.40 on the BSE. This surge highlights the strong buying activity surrounding the company as it gears up for its upcoming financial disclosures.
Scheduled Q4 Financial Results
Mark your calendars! JSW Steel has announced that it will reveal its Q4 results for the fiscal year 2025 on May 23, 2025, a Friday. The board of directors will convene that day to review and approve the financial outcomes for the quarter ending March 31, 2025.
In a regulatory filing dated March 27, the company stated, “A meeting of the Board of Directors is set for Friday, May 23, 2025, to consider the Audited Financial Results for our Company for the quarter and year ended March 31, 2025.”
Trading Restrictions Ahead of Results
In compliance with SEBI regulations, trading in JSW Steel shares will be suspended for designated individuals from April 1 to May 25, 2025. The company emphasized this in their announcement regarding the Trading Window closure, stating, “Pursuant to the Company’s Code of Conduct to Regulate, Monitor and Report trading by Insiders, the Trading Window for dealing in securities will be closed from April 1 to May 25, 2025.”
Recent Q3 Performance Highlights
On January 24, JSW Steel reported a consolidated net profit of ₹719 crore for the third quarter of FY25, a stark contrast to the ₹2,450 crore profit registered during the same period last year. Despite this year-over-year decline of 70%, the company’s net profit did exhibit a 78% increase from ₹404 crore in the previous quarter.
Key figures from the Q3 report include:
- Revenue from Operations: ₹41,378 crore (down from ₹41,940 crore YoY, but up 4% QoQ from ₹39,837 crore).
- EBITDA: Improved by 3% QoQ to ₹5,579 crore, thanks to increased volumes and decreased costs, particularly in coking coal.
Stock Performance Overview
JSW Steel has demonstrated remarkable resilience, with its share price climbing 9% over the past month and exceeding 17% year-to-date. Over the past year, the stock has surged by 30% and has delivered an astonishing 600% return over the last five years.
As of 2:00 PM, shares of JSW Steel were trading 0.53% higher at ₹1,061.70, with a market capitalization exceeding ₹2,59,633 crore.
With these promising figures and upcoming financial announcements, JSW Steel is certainly a company to watch in the steel sector. For more insights into market trends and investment opportunities, consider exploring resources such as SEBI or financial news outlets.