Half Year 2025 JSW Steel Ltd Earnings Call Transcript
Key Points
- JSW Steel Ltd (BOM:500228) reported a 7% year-on-year increase in consolidated crude steel production, reaching 6.77 million tons.
- The company achieved its highest ever domestic sales in the first half of the year, with a 5% quarter-on-quarter increase.
- JSW Steel Ltd (BOM:500228) is focusing on sustainability, with plans to achieve carbon neutrality by 2050 and significant investments in renewable energy.
- The company is expanding its capacity with ongoing projects expected to increase production to 42 million tons by September 2027.
- JSW Steel Ltd (BOM:500228) has secured long-term coking coal linkages and increased its iron ore mining capacity, enhancing raw material security.
- The company faced a sharp decline in exports due to weak global markets, impacting sales volumes.
- JSW Steel Ltd (BOM:500228) reported a net debt increase of approximately 4,900 crores, reaching about 85,000 crores.
- The US operations experienced an EBITDA loss due to a maintenance shutdown and lower pricing in the market.
- The company is facing challenges from increased steel imports into India, which have pressured domestic prices.
- JSW Steel Ltd (BOM:500228) has revised its annual capex down from 20,000 to 16,000-17,000 crores, indicating potential delays or adjustments in project timelines.
Ladies and gentlemen, good day and welcome to Jsw Steel Q2 F I '25 results conference call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing start and zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr Ashwin Deja Group, Head of Investor Relations. Thank you and over to you, sir.
Thank you , Good evening. Ladies and gentlemen, this is Ashwin Bajaj and it's a pleasure to welcome you to Jsw Steel's earnings call for Q2 for the financial year 2025 we have with us today. The management team represented by Mr Jayant Paara, joint MD and CEO Mr Gs RTO, Chief Operating Officer and Mr Swam the Chief Financial Officer. We will start with opening remarks by Mr Aia and then open the floor questions. So with that
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