JSW Steel Q4 Review - Focus On Growth To Keep Capex Elevated: Motilal Oswal

A bus drives past the JSW Steel Ltd. manufacturing facility in Dolvi, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

JSW Steel Q4 Review - Focus On Growth To Keep Capex Elevated: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

JSW Steel Ltd.’s Q4FY21 result was strong, with consolidated Ebitda/profit after tax growing by 42%/60% QoQ to Rs 84.4 billion/Rs 42.8 billion on higher steel prices.

Standalone Ebitda/tonne was the highest ever at Rs 19,756.

Given its strong growth focus, the company announced an expansion of 6 million tonnes per annum (26%) at its Vijayanagar plant, which should be commissioned by FY24-end.

The to be commissioned 5 million tonnes per anum expansion at Dolvi would expand the company’s capacity by ~60% over the next three years, thereby making it the best play on volumes in the Indian steel sector.

Click on the attachment to read the full report:

Motilal Oswal JSW Steel Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.