{"id":11555,"date":"2022-07-28T12:49:37","date_gmt":"2022-07-28T07:19:37","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=11555"},"modified":"2022-07-28T13:21:23","modified_gmt":"2022-07-28T07:51:23","slug":"jsw-steel-reported-muted-consolidated-performance-for-q1fy23","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jsw-steel-reported-muted-consolidated-performance-for-q1fy23\/","title":{"rendered":"JSW Steel reported muted consolidated performance for Q1FY23"},"content":{"rendered":"

In terms of installed capacity, JSW Steel Ltd. is the biggest private steel producer in India. Additionally, it is among the cheapest steel manufacturers in the world. It provides an extensive selection of steel products, including Hot Rolled, Cold Rolled, Galvanized, and Special Steel Bars, Rounds, and Blooms. The business also operates in the steel and power sectors. JSW Steel, the marquee company of the JSW group and one of India’s leading integrated steel producers, has an installed capacity of 28.5 million tonnes yearly (MTPA).<\/p>\n

JSW Steel announced their quarterly results for Q1FY23<\/a> on 22nd<\/sup> July 2022, where they reported a sequential decline in both revenue & profits while on a YoY basis despite growth in revenue, it has reported a sharp decline in profits. This was because of the building margin pressures due to rising raw materials & energy costs and increasing net debt.<\/p>\n

JSW Steel\u2019s share price has given a return of 178% over the last two years from Rs 209 in July 2020 to Rs 582 levels in July 2022. Whereas it has delivered a negative return of 10.6% YTD after experiencing a sharp correction in April & May. Let\u2019s now dig deeper into the fundamentals of JSW Steel Stock and analyse their Q1FY23 performance.<\/p>\n

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