JSW Steel Q2 Live Results: JSW Steel released its second quarter results on October 25, 2024, revealing a significant decline in revenue and profit. The company recorded a 10.99% year-over-year decline in revenue, as well as a staggering 84.09% drop in profit compared to the same quarter last year .

Compared to the previous quarter, JSW Steel’s revenue fell by 7.59%, while profits declined by 48.05%. These figures highlight ongoing challenges in the steel market, as the company faces various economic pressures.

The company also noted a slight decline in selling, general and administrative expenses, which decreased 2.24% quarter-over-quarter but increased 11.21% year-over-year. This indicates that while the company is managing some costs, overall expenses remain high compared to last year.

Operating profit also saw a notable decline, down 14.33% from the previous quarter and 56.2% year-on-year, once again highlighting the challenging conditions in which JSW Steel is confronted.

Earnings per share (EPS) for the second quarter were ₹2.52, which represents a decrease of 74.59% compared to the same quarter last year, suggesting a substantial impact on shareholder returns.

In terms of market performance, JSW Steel recorded a return of -2.18% over the past week, a return of 5.77% over the past six months, and a return of 8.84% since inception of the year. Currently, the company has a market capitalization of ₹233735.8 Cr, with a 52-week maximum of ₹1063 and a minimum of ₹723.

As of October 26, 2024, out of the 29 analysts covering JSW Steel, opinions are mixed. Three analysts have assigned a strong sell rating, five have recommended a sell, five suggest a hold, while ten analysts have rated the stock a buy and six as a strong buy.

The consensus recommendation as of October 26, 2024 is Hold, reflecting a cautious outlook as the company works to stabilize its operations amid a challenging market environment.