JSW Steel - Performs Well: ICICI Direct
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ICICI Direct Report
JSW Steel Ltd. reported a healthy set of Q3 FY21 numbers wherein topline, Ebitda and PAT came in higher than ICICI Direct estimate.
On a standalone basis, the company reported sales volume of 3.9 million tonnes (down 3% YoY, 5% YoY), broadly in line with our estimate of 4.0 million tonne.
Standalone Ebitda/tonne came in at | 14444/tonne, higher than our estimate of | 13000/tonne (10136/tonne in Q2 FY21, | 5598/tonne in Q3 FY20).
Consolidated topline came in at |21859 crore (up 13% QoQ, 21% YoY), higher than our estimate of | 20857 crore.
Consolidated Ebitda came in at | 5946 crore (up 143% YoY, 35% QoQ), higher than our estimate of | 5269 crore.
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