JSW Steel’s net profit takes a high jump

JSW Steel has declared its Q4FY16 results on Wednesday. The company’s revenue has declined by 15.1 per cent to Rs 10698 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA has risen by 8.45 per cent to Rs 1825 crore in Q4FY16 on a yearly basis. JSW Steel’s EBITDA margin has expanded by 371 basis points to 17.06 per cent in Q4FY16 as compared to the same period in previous fiscal year. The company’s net profit has increased by more than two folds to Rs 171 crore in Q4FY16 on a yearly basis. Its net profit margin has expanded by 110 basis points to 1.6 per cent in Q4FY16 as compared to the same period in previous financial year.

On yearly front, JSW Steel’s top line has decreased by 20.94 per cent to Rs 41879 crore in FY16 as compared to previous financial year. The company’s EBITDA has also reduced by 35.41 per cent to Rs 6073 crore in FY16 on a yearly basis. Its EBITDA margin has contracted by 325 basis points to 14.5 per cent in FY16 as compared to previous fiscal year. JSW Steel has incurred exceptional loss of Rs 2125 crore in FY16 against none in FY15. The company has posted net loss of Rs 742 crore in FY16 against net profit of Rs 1797 crore in FY15.

JSW Steel’s crude steel production stands at 3.21 million tonnes (MT) in Q4FY16, up 5 per cent on a yearly basis. The company’s installed capacity has risen by 25 per cent to 18 MTPA as of Q4FY16 as compared to same period in previous financial year.

The share price of JSW steel has increased by 2.19 per cent on bourses; and has closed at Rs 1310.35 on an intraday basis.

JSW Steel is engaged in the business of production and distribution of iron and steel products. The company operates through segments viz. Steel, Power and other. It has six manufacturing plants located across India.