Q1 2025 JSW Steel Ltd Earnings Call Transcript
Key Points
- JSW Steel Ltd (BOM:500228) reported a 7% year-over-year growth in sales, driven by strong domestic demand in India.
- The company achieved the highest ever share of value-added and special products during the quarter at 64%, growing 14% year-over-year.
- JSW Steel Ltd (BOM:500228) is committed to achieving net zero emissions by 2050 and has added significant renewable energy capacity.
- The company has commenced work towards expanding its capacity to 42 million tonnes in India, with a target of 50 million tonnes by the end of the decade.
- JSW Steel Ltd (BOM:500228) expects improved performance in Q2 due to lower raw material costs, including coking coal and iron ore.
- The company's crude steel production was down 1% year-over-year due to plant shutdowns.
- JSW Steel Ltd (BOM:500228) reported a 7% quarter-on-quarter decline in consolidated revenues from operations.
- The company's EBITDA was lower by 10% quarter-on-quarter, impacted by lower volumes and inventory losses.
- Overseas operations, particularly in the United States, faced challenges due to weaker market prices.
- The company is concerned about elevated steel imports from China and other FTA countries, which lack trade barriers in India.
Ladies and gentlemen, good day, and welcome to the JSW Steel FY25 results conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ashwin Bajaj, Group Head of Investor Relations. Thank you, and over to you, sir.
Yes, thank you, operator, and a very good evening, ladies and gentlemen. It's a pleasure to welcome you all to JSW Steel Earnings Call for the First Quarter of FY 2025. We have with us today the management team represented by Mr. Jayant Acharya, Joint Managing Director and CEO, Mr. Jayesh Shah, our Chief Operating Officer, and Mr. Swayam Saurabh, Chief Financial Officer. We will start with opening remarks by Mr. Javier and then open the floor to Q&A.
So with that, over to you, Mr. Acharya.
Yes, good evening, everyone. Just on the macro position -- the global
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