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JSW Metal Q1 revenue to fall on decrease realisation

Sajjan Jindal-led JSW Metal is anticipated to report a fall in its June quarter internet revenue on the again of weak realisation.

The corporate will announce its monetary outcomes after the market hours.

Prabhudas Lilladher mentioned the corporate will register 50 per cent drop in June quarter internet revenue at ₹1,170 crore.

Internet gross sales are anticipated to extend by one per cent Y-o-Y (down 7.8 % Q-o-Q) to ₹42,680 crore, the broking agency mentioned.

Earnings earlier than curiosity, tax, depreciation and amortisation are more likely to fall by 21 per cent to ₹5,590 crore (down 8.7 per cent Q-o-Q).

Kotak Institutional Equities JSW Metal realisations to fall 6.3 per cent y-on-y on account of product combine.

It estimates standalone EBITDA/tonne to fall 13 per cent YoY as a result of drop in realisations.

Equirus Analysis sees standalone realisations to say no by 0.8 per cent qoq as worth improve in longs had been offset by weak spot in different merchandise coupled with decrease realisation in export markets.

Nevertheless, it mentioned decrease coking coal prices sequentially ought to result in value financial savings and anticipate standalone EBITDA per tonne to extend by 3 per cent qoq to ₹8,051 a tonne in Q1 FY25E.

“We anticipate decrease profitability sequentially in subsidiaries primarily on account of decrease costs,” it mentioned.

  • Additionally learn: JSW to deploy Japanese cloud tech for blast furnace operations



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