This JSW Group stock reported a 268 per cent production increase in overseas plant; multibagger stock with 300 per cent EPS growth

This is a large-cap Iron & Steel industry Company with market capitalization of Rs 2,04,819 crore. The stock price has given a multibagger returns of 2,050.95 per cent in a decade

JSW Steel, the flagship company of the USD 23 billion JSW Group, announced today a consolidated crude steel production of 22.04 lakh tonnes for the month of November 2023, registering an 11 per cent year-on-year growth.

This positive performance was driven by sustained demand across various segments, coupled with efficient operations and improved capacity utilization. The company's Indian operations recorded a capacity utilization of 90 per cent during the month.

JSW Steel USA-Ohio, the company's overseas subsidiary, also witnessed positive growth in production volumes due to improved demand compared to the previous year.

The break-up of production is as below: (Lakh Tonnes)

JSW Steel released their Q2 FY24 results on October. The topline climbed by 6.72 per cent, and the profit was Rs 2760 crore. It is worth noting that JSW Steel declared a loss of Rs 848 crore in the prior fiscal year over the same time. Revenue increased by 5.62 per cent over the previous quarter. Selling, general, and administrative expenses decreased by 5.5 per cent year on year while increasing by 13.8 per cent year on year. Operating income increased by 25.46 per cent QoQ and by 1100 per cent YoY. The EPS for Q2 FY24 is Rs 9.91, up 293.23 pe cent year on year.

Over the last three decades, JSW Steel has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 MTPA in India and the USA. Its next phase of growth in India will take its total capacity to 38.5 MTPA by FY25. The Company’s manufacturing unit in Vijayanagar, Karnataka is the largest single-location steel plant in India with the current capacity of 12.5 MTPA, increasing to 19.5 MTPA by FY25.

JSW Steel is a Large-Cap Iron and steel industry Company with a market capitalization of Rs 2,04,819 crore. The stock price has given a multibagger returns of 2,050.95 per cent in a decade where company has been maintaining a healthy dividend payout of 24.9 per cent.

About JSW Steel:

JSW Steel is one of India's leading steel producers with a diversified product portfolio. The company is a part of the JSW Group, a USD 23 billion conglomerate with interests in energy, infrastructure, cement, paints, sports, and venture capital.

Disclaimer: The article is for informational purposes only and not investment advice.