Q4 Preview: What’s In Store For JSW Steel Q4 Result? Increase in Profit, Moderate Revenue, And More

Q4 Preview: Project ramp-up, lower coking coal cost, and marginal improvement in flat-products' realisation are likely to support JSW Steel's consolidated EBITDA and net profit in the fourth quarter of the financial year 2024-25, according to analysts.

The 12% temporary safeguard duty imposed by the central government to safeguard on certain steel imports is also likely to benefit the steel maker in the long term. JSW Steel's sales volume and revenue are likely to witness a moderate growth during the quarter under review.

As the Sajjan Jindal-led multinational steel producer is set to announce its Q4 result today, here are the key estimates related to JSW Steel Q4 result by top brokerages and analysts.

JSW Steel Q4 Result: Net Profit & EBITDA

JSW Steel's profit after tax (PAT) is likely to decline 3.1% year on year (YoY) during Q4FY25, according to the ICICI Securities report. Meanwhile, Prabhudas Liladher Capital expects a 22.2% increase in the company's adjusted PAT during the quarter under review. According to Emkay Research, JSW Steel's PAT is likely to be around Rs 15,424.2 million.
"We expect JSTL to report consolidated EBITDA of Rs66.5bn (up 19.1% QoQ and 8.5% YoY), mainly driven by project ramp-up, lower coking coal cost, and marginal improvement in flat-products' realization, which is partially offset by higher iron ore cost/t in Q4. EBITDA spread in Q4 is expected to improve by Rs589/t to ~Rs8,900/t," noted Emkay Research in its report.

JSW Steel's Estimated Sales Volume In Q4

Company's sales volume is estimated to decline on a yearly basis but increase by 10% sequentially, noted ICICI Securities. But Emkay Research has indicated an overall increase in JSW Steel's sales volume to 7.5 mt. PL Capital expects JSW Steel's sales volume to grow marginally during the quarter under review.

"We expect 1% QoQ increase in NSR as HRC increase by just 1% in Q4FY25. Std volume to grow 2% YoY to ~5.80mt (incl. BPSL ~6.74mt); EBITDA/t to grow by Rs729 QoQ to ~Rs8,595 on account of lower NSR, higher IO prices negating coking coal benefit to certain extent," stated PL Capital underlining an annual decline in its EBITDA.

JSW Steel Q4 Result: Factors To Impact Company Growth In Next Quarter

Multiple factors including coking coal prices for upcoming quarter, JVML ramp up status, HRC prices, iron ore price trajectory and future discourse of US tariffs imposed by President Donald Trump, are likely to impact the company's growth in the next quarter.

JSW Steel Share Price Trend

JSW Steel's share price closed marginally higher at Rs 1005.55 per share on BSE on Thursday. The company scrip had hit an intraday high of Rs 1010.55 apiece yesterday. Its market capitalisation stood at Rs 2,45,902.62 crore. JSW Steel shares hit a 52-week high mark of Rs 1,074.15 per share on 25 March 2025.

The company stock value has increased 11% year to date, but has declined nearly 3.13% in last one month. The scrip value has increased 9.88% in one year.

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