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JSW Group-backed steel major JSW Steel Ltd reported a consolidated net profit of Rs 1,503 crore for the fourth quarter of FY25, marking a 16 per cent increase from Rs 1,299 crore in the same quarter last year. However, revenue from operations declined by around 3 per cent year-on-year to Rs 44,819 crore, down from Rs 46,269 crore in Q4 FY24. The dip in revenue reflects a broader industry trend, with most steelmakers facing pressure due to stagnant steel prices, weak demand, and cheap imports from China and Southeast Asia.

EBITDA

Operating EBITDA for the quarter stood at Rs 6,378 crore, up from Rs 6,124 crore in the prior year, with the EBITDA margin improving to 14.23 per cent from 13.2 per cent. This margin expansion was supported by a decline in input costs despite sluggish pricing conditions.

The company released its results after market hours on May 23, with shares closing slightly higher at Rs 1,007.90. Alongside the Q4 earnings, JSW Steel declared a final dividend of Rs 2.8 per equity share for FY25. The board also approved a plan to raise long-term funds through the issuance of non-convertible debentures worth up to Rs 7,000 crore, and/or equity shares and convertible securities up to an additional Rs 7,000 crore.

Management Statement

JSW Steel stated that it had implemented the resolution plan for Bhushan Power & Steel Ltd (BPSL) in full compliance with legal provisions and had taken all necessary steps to successfully revive the company to its current operational status. However, the Supreme Court has recently rejected JSW Steel’s resolution plan for BPSL and directed a refund of payments made to BPSL’s creditors, along with the return of the equity capital infused in the company.

In response, JSW Steel said it has reviewed the situation and believes it has strong legal grounds to pursue all available remedies to address the matter.