JSW Steel ne Q4 mein operational numbers toh zabardast dikhaye hain. Company ka revenue 14% badh kar record ₹51,180 Crore ho gaya, aur adjusted EBITDA bhi 50% jump karke ₹9,713 Crore pe pahunch gaya. Isse EBITDA margin bhi sudhar kar 19% ho gaya hai.
Ab baat karte hain net profit ki. Company ne ₹16,370 Crore ka Consolidated Profit After Tax report kiya hai, jo pichhle saal ke ₹1,503 Crore se kaafi zyada hai. Lekin bhai, is number ke peeche ka asli reason hai unki JFE Steel ke saath hui JV mein ek one-off gain. Unhe Bhushan Power & Steel Ltd (BPSL) deal se ₹17,888 Crore ka exceptional gain mila hai. Agar is special income ko hata dein toh normalized net profit ₹3,475 Crore banta hai, jo ki ek moderate growth dikhata hai.
Achhi khabar ye bhi hai ki company ne debt kam karne mein safalta paayi hai. Net debt ghat kar ₹53,870 Crore ho gaya hai (pehle ₹80,347 Crore tha), aur debt-to-equity ratio sudhar kar 0.51x ho gaya hai. Aage chal kar company apni steelmaking capacity ko FY30 tak 48.8 MTPA tak badhane ka plan kar rahi hai.
Ek taraf toh sab acha lag raha hai, par market mein valuation ko lekar kuch sawaal hain. JSW Steel ka P/E ratio 37.5x ke aas paas hai, jo competitors jaise Tata Steel aur SAIL se kaafi zyada hai. Analysts ke views bhi mix hain, kuch ne rating ko 'Hold' kar diya hai, jabki domestic steel demand ka outlook positive hai.