JSW Steel's Financial Performance Declared Very Negative by MarketsMOJO

JSW Steel, a largecap company in the steel/sponge iron/pig iron industry, recently declared its financial results for the quarter ending September 2024. However, the news is not positive as the company's financial performance has been deemed "Very Negative" by MarketsMOJO, with a score of -25, a significant drop from -20 in the last three months.

According to the financials, there are several areas where JSW Steel is struggling. The company's operating profit to interest ratio has been consistently falling in the last five quarters, reaching its lowest point at 2.55 times. This indicates a deteriorating ability to manage interest payments.

The profit before tax (PBT) less other income has also seen a sharp decline of -60.3% compared to the average PBT of the previous four quarters. The trend for near-term PBT is also very negative. Similarly, the profit after tax (PAT) has fallen by -64.7% compared to the average PAT of the previous four quarters, with a negative trend in the near term.

In terms of cash flow, JSW Steel's operating cash flow has been consistently falling in the last three years, reaching its lowest point at Rs 12,078.00 Cr. This indicates a decline in cash revenues from business operations.

The company's operating profit (PBDIT) has also been on a downward trend, with the lowest point at Rs 5,437.00 Cr in the last five quarters. The PBT less other income has also seen a similar trend, reaching its lowest point at Rs 978.00 Cr in the last five quarters.

In terms of sales, JSW Steel's net sales for the quarter were at its lowest point of Rs 39,684.00 Cr, with a negative trend in the near term. The net sales have also fallen by -9.7% compared to the average net sales of the previous four quarters.

Overall, the company's earnings per share (EPS) have also been on a decline, reaching its lowest point at Rs 1.44 in the last five quarters. This indicates a declining profitability and lower earnings for shareholders.

In conclusion, JSW Steel's financial performance for the quarter ending September 2024 has been deemed very negative, with several key areas showing a downward trend. Investors may want to take note of these factors before making any investment decisions.