JSW STEEL Q3 PAT
Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed
Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.
HDFC Bank drags Sensex 500 points lower, Nifty slips below 24,200
Indian equity indices decline due to HDFC Bank's disappointing Q1 update, with Sensex dropping over 500 points. Experts anticipate potential Fed rate cuts based on US jobs data. Global markets remain positive on U.S. rate cut expectations. Oil prices hold near recent highs. Rupee strengthens against the dollar.
Sensex declines 200 pts, Nifty below 22,650 amid election jitters
Benchmark indices traded lower on Thursday as investors awaited the outcome of national elections. Tata Steel shares fell 2.5% post Q4 show. Tata Steel, Power Grid, JSW Steel among top losers.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
Tata Steel board approves Rs 3,000 crore fundraise via NCD route
It plans to raise upto Rs 3,000 crore through non-convertible debentures (NCDs) on a private placement basis.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
JSW Steel shares fall over 2% after Q4 result disappoints
JSW Steel Share Price: The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.
JSW Steel Q4 Results: Profit falls 64% YoY to Rs 1,299 crore
JSW Steel reported a 64% YoY drop in consolidated net profit to Rs 1,299 crore for March 2024, with revenue from operations at Rs 46,269 crore. The Board recommended a final dividend of Rs 7.30 per share, and the EBITDA margin was 13.2%. Details on operating profit, sales realisations, total sales volumes, exports, and production achievements were highlighted.
GIFT Nifty down 5 points; here's the trading setup for today's session
The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.
Jindal Steel Q4 Results: Cons PAT zooms 100% YoY to Rs 933 crore, but revenue falls 1%
Jindal Steel Q4 Results: In the corresponding quarter of the last financial year, the company reported a PAT of Rs 466 crore. On a sequential basis, the consolidated PAT was down 52% versus Rs 1,928 crore reported in Q3FY24. Gross revenue for the quarter under review stood at Rs 15,749 crore, down from Rs 15,797 crore reported in Q4FY23.
Bears growl! Sensex crashes 750 points, Nifty below 21,850
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
Sensex rises 500 points tracking positive cues from global peers; Nifty above 22,100
Indian benchmark indices surged today. Auto and energy stocks drove the gains. NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers.
JSW Energy Q4 Results: Cons PAT jumps 22% YoY to Rs 345 crore
JSW Energy Q4 Results: The company recommended a dividend of Rs 2 per equity share for the financial year 2023-24. JSW Energy also approved raising of funds of up to Rs 10,000 crore in one or more tranches, through the issuance of securities.
Rise in global steel price will reflect in India and partly offset rising costs in Q4: Jayant Acharya, JSW Steel
Jayant Acharya, Jt MD & CEO of JSW Steel, discusses the impact of elevated raw material prices on margins and the increase in steel prices globally. He highlights the drop in standalone volumes due to lower exports and muted domestic sales. However, sales to institutional customers and industrial sectors have reached all-time highs. Acharya expects global steel price improvement to reflect in India, reducing imports and encouraging more exports.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
JSW Steel Q3 Results: Cons PAT soars 5x YoY to Rs 2,415 crore, beats estimates
JSW Steel Q3 Results: Consolidated revenue from operations rose 7.2% year-on-year (YoY) to Rs 41,940 crore but trailed estimate of Rs 42,527 crore.
JSW Steel Q3 results today: What to expect and key things to track
JSW Steel is expected to see robust growth in both bottom line and topline figures on a year-on-year basis, but the sequential growth could be subdued. Profit for the third quarter may more than triple over the previous year, but could decline up to 57% on a sequential basis. Revenue growth is expected to be around 10-14%, while volumes are expected to decline in Q3. Key monitorables include coking coal impact, steel realizations, and operating leverage.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
Tata Steel Q3 Result Preview: Co may post PAT vs loss a year ago; all eyes on UK ops roadmap
The steelmaker is seen reporting a consolidated net profit of Rs 608 crore for the quarter ended December, according to the average of estimates given by 10 brokerage firms. This is against a net loss of Rs 2,600 crore posted a year ago and Rs 6,600 crore a quarter ago.
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