JSW Steel Limited (BOM: 500228)

JSW Steel Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	1,708,360	1,750,060	1,659,600	1,463,710	798,390	728,600
Revenue Growth (YoY)	-1.19%	5.45%	13.38%	83.33%	9.58%	-14.04%
Cost of Revenue	1,025,470	1,040,950	1,028,870	748,310	406,910	406,350
Gross Profit	682,890	709,110	630,730	715,400	391,480	322,250
Selling, General & Admin	49,230	47,130	40,030	35,710	25,560	28,930
Other Operating Expenses	386,790	375,260	384,360	283,560	165,180	166,000
Operating Expenses	523,310	504,110	499,130	379,280	237,530	237,390
Operating Income	159,580	205,000	131,600	336,120	153,950	84,860
Interest Expense	-78,850	-77,290	-64,620	-46,660	-38,050	-40,170
Interest & Investment Income	8,570	8,570	7,640	6,740	5,440	4,940
Earnings From Equity Investments	-1,880	-1,720	-1,370	9,170	10	-900
Currency Exchange Gain (Loss)	-3,390	-3,390	-20,260	-4,720	1,050	-8,290
Other Non Operating Income (Expenses)	-5,370	-2,860	-3,230	-2,250	-1,120	-2,140
EBT Excluding Unusual Items	78,660	128,310	49,760	298,400	121,280	38,300
Impairment of Goodwill	-	-	-	-1,990	-630	-5,130
Gain (Loss) on Sale of Investments	530	530	1,400	7,180	70	180
Gain (Loss) on Sale of Assets	-930	-930	-520	-720	-370	-300
Asset Writedown	-	-	-	-4,310	-200	-2,390
Other Unusual Items	-3,420	5,890	5,910	-1,110	-	-530
Pretax Income	74,840	133,800	56,550	297,450	120,150	30,130
Income Tax Expense	24,410	44,070	15,160	88,070	41,420	-9,060
Earnings From Continuing Operations	50,430	89,730	41,390	209,380	78,730	39,190
Minority Interest in Earnings	-450	-1,610	50	-2,730	380	1,110
Net Income	49,980	88,120	41,440	206,650	79,110	40,300
Net Income to Common	49,980	88,120	41,440	206,650	79,110	40,300
Net Income Growth	-45.98%	112.64%	-79.95%	161.22%	96.30%	-47.24%
Shares Outstanding (Basic)	2,436	2,425	2,402	2,404	2,404	2,402
Shares Outstanding (Diluted)	2,445	2,436	2,417	2,417	2,417	2,417
Shares Change (YoY)	-7.07%	0.78%	-	-	-	-
EPS (Basic)	20.52	36.34	17.25	85.96	32.91	16.78
EPS (Diluted)	20.44	36.17	17.14	85.49	32.73	16.67
EPS Growth	-41.88%	111.03%	-79.95%	161.20%	96.34%	-47.25%
Free Cash Flow	-23,070	-37,230	85,390	161,790	78,650	-250
Free Cash Flow Per Share	-9.44	-15.28	35.33	66.93	32.54	-0.10
Dividend Per Share	-	7.300	3.400	17.350	6.500	2.000
Dividend Growth	-	114.71%	-80.40%	166.92%	225.00%	-51.22%
Gross Margin	39.97%	40.52%	38.00%	48.88%	49.03%	44.23%
Operating Margin	9.34%	11.71%	7.93%	22.96%	19.28%	11.65%
Profit Margin	2.93%	5.04%	2.50%	14.12%	9.91%	5.53%
Free Cash Flow Margin	-1.35%	-2.13%	5.15%	11.05%	9.85%	-0.03%
EBITDA	243,850	283,700	202,440	392,380	197,540	124,510
EBITDA Margin	14.27%	16.21%	12.20%	26.81%	24.74%	17.09%
D&A For EBITDA	84,270	78,700	70,840	56,260	43,590	39,650
EBIT	159,580	205,000	131,600	336,120	153,950	84,860
EBIT Margin	9.34%	11.71%	7.93%	22.96%	19.28%	11.65%
Effective Tax Rate	32.62%	32.94%	26.81%	29.61%	34.47%	-
Revenue as Reported	1,715,890	1,760,100	1,669,900	1,479,020	804,310	738,720

Source: S&P Capital IQ. Standard template. Financial Sources.