JSW Steel Q4 Results 2022: PAT declines 20% at Rs 3343 cr; board recommends Rs 17.35 per share

JSW Steel Q4 Results 2022: JSW Steel limited reported a net profit after tax of Rs 3343 cr for the forth quarter of FY22 which was down 20 per cent Year-on-Year (YoY) from Q4FY21 PAT at Rs 4191. This was desppite its highest ever quarterly revenue from operations for the reporting quarter at Rs 46,895 cr, which was up by 74 per cent YoY and 23 per cent Quarter-on-Quarter (QoQ).

The quarterly net profit after tax on the standalone basis stood at Rs 2637 cr. 

The Board has recommended dividend of Rs 17.35 per equity share on the 241,72,20,440 equity shares for the year ended March 31, 2022. The total outflow on account of equity dividend will be Rs 4,194 cr vis-a-vis Rs 1,571 cr paid for FY2021, the company said in its filing to the exchanges.

JSW Steel Q4 Results 2022: Key Highlights

Consolidated Performance: 

1) Highest ever quarterly Crude Steel production: 5.8l mt, up by 11 per cent QoQ and 38 per cent YoY 
2) Highest ever quarterly Saleable Steel sales: 5.99 mt, up by 29 per cent QoQ and 47 per cent YoY 
3) Operating EBITDA: Rs 9,184 cr, up by 1 per cent QoQ and 9 per cent YoY
4) Net Debt to Equity is at 0.83x and Net Debt to EBITDA is at 1.45x

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Standalone Performance: 

1) Highest ever quarterly Crude Steel production: 5.0l mt, up by 20 per cent YoY 
2) Highest ever quarterly Saleable Steel sales: 5.ll mt, up by 26 per cent YoY 
3) Highest ever quarterly Revenue from operations: Rs 36,011 cr, up by 48 per cent YoY 
4) Quarterly Operating EBITDA: Rs 6,907 cr, lower by 14 per cent YoY 

"The Board of Directors of the Company at their meeting held on 27 May 2022 considered and approved the Scheme of Amalgamation pursuant to Section 230-232 and other applicable provisions of the Companies Act 2013, providing for amalgamation of its Joint Venture Creixent Special Steels Limited ("CSSL") and CSSL's subsidiary JSW lspat Special Products Limited with the Company. The amalgamation is subject to regulatory and other approvals," the exchange filing said.

JSW Steel shares todays Rs 548.55 and were down 0.6 per cent from the Thursday closing price.