JSW Metal Q1 outcomes: Internet revenue jumps over two-fold to Rs 2,209 crore; crude metal output up 14% YoY

JSW Metal on Friday reported a greater than two-fold rise in its consolidated internet revenue at Rs 2,209 crore for the April–June quarter, pushed by decrease bills and better volumes. The corporate had posted a internet revenue of Rs 867 crore within the corresponding quarter of FY25, it stated in a regulatory submitting.Whole revenue rose marginally by 0.9% to Rs 43,497 crore through the reporting quarter, in contrast with Rs 43,107 crore within the April–June interval a 12 months earlier. In the meantime, whole bills have been introduced all the way down to Rs 40,325 crore from Rs 41,715 crore in Q1 FY25, PTI reported.Consolidated crude metal manufacturing stood at 7.26 million tonnes, up 14% year-on-year (YoY), whereas capability utilisation at Indian operations stood at 87%, down from 93% within the previous quarter, on account of deliberate upkeep shutdowns.Metal gross sales rose 9% YoY to six.69 million tonnes, with each institutional and retail volumes up 12% yearly. Home gross sales additionally noticed a 12% enhance to five.96 million tonnes. Nevertheless, exports declined 20% and constituted 7% of whole gross sales from Indian operations.Income from operations got here in at Rs 43,147 crore, and the corporate reported an working EBITDA of Rs 7,576 crore, with a margin of 17.6%. The EBITDA rose 37% YoY, primarily on account of larger gross sales volumes and decrease coking coal prices. Revenue after tax through the quarter was Rs 2,209 crore.Internet debt stood at Rs 79,850 crore as of June 30, 2025, larger by Rs 3,287 crore from March-end, owing to elevated working capital necessities.JSW Metal’s Indian operations contributed considerably to the general efficiency, with crude metal manufacturing at 7.02 million tonnes (up 15% YoY) and metal gross sales at 6.43 million tonnes (up 9% YoY). Income from Indian operations stood at Rs 40,510 crore, whereas working EBITDA rose 38% YoY to Rs 7,496 crore, translating right into a margin of 18.5%. Revenue after tax from Indian operations got here in at Rs 2,517 crore, 118% larger YoY.Individually, JSW Metal stated it has filed a evaluation petition earlier than the Supreme Court docket on June 25, 2025, concerning the apex court docket’s Might 2 verdict that put aside its decision plan for Bhushan Metal and Energy Ltd (BSPL), terming it unlawful and violative of the Insolvency and Chapter Code (IBC). JSW Metal had acquired BSPL by way of insolvency proceedings in 2019 for round Rs 20,000 crore.The Committee of Collectors and the Decision Skilled have additionally filed separate evaluation petitions. The SC has ordered establishment in proceedings earlier than the NCLT for implementation of its ruling till the evaluation petition is set.“We, together with our authorized advisors, have analysed the matter and are of the view that now we have sturdy grounds to pursue the Evaluation Petition,” JSW Metal stated in its assertion.