JSW Steel Performance Update for 2020-21
JSW SteelJSW Steel

JSW Steel Performance Update for 2020-21

Indian steel giant JSW Steel in an Investor/Analyst Presentation on 21 May 2021 has highlighted performance indicators for FY 2020-21 ended on

Indian steel giant JSW Steel in an Investor/Analyst Presentation on 21 May 2021 has highlighted performance indicators for FY 2020-21 ended on 31.03.2021.

Steel Consolidated Performance HY 2020-21

  1. Revenue from operations: INR 79,839 crore

  2. Operating EBITDA: INR 20,141 crore

  3. Net Profit: INR 7,873 crore

  4. Average utilization of 84% in FY21, 93% in Q4

  5. All 13 iron ore mines are operational (9 in Karnataka and 4 in Odisha)

  6. Significant progress on the organic growth projects

  7. Enhanced downstream production through organic expansions and bolt-on acquisitions

  8. 5 million tonne steel-making capacity brownfield expansion at Vijayanagar approved by the Board

Acquisitions

  1. BPSL: 49% stake in March 2021

  2. Asian Colour Coated Ispat in end October 2021

  3. Plate and Coil business of Welspun Corp in end March 2022

JSW Steel Standalone

Crude steel production was 15.08 million tonnes, down 6% YoY

Total FY21 sales volume was up marginally at 14.88 million tonnes, down 1% YoY

Domestic sales of 10.72 million tonnes was down 9% YoY

Automotive sales up 7%, while domestic automotive production contracted by 14%.

Overall value added & special products sales up 9% (52% of overall sales vs. 48% last year), mainly driven by robust sales to automotive and increased off take from Industrial and Engineering, Solar and Appliances segments in H2 FY21

Retail volume of 3.3 million tonne, 8% lower YoY

JSW Steel Coated Products

Production (GI/GL + Tin) - 1.79 million tonnes, up 1% YoY

Sales - 2.18 million tonnes, up 17% YoY

ACCIL Production (GI/GL) 0.26 million tonnes & Sales 0.29 million tonnes

Ohio, USA

Slab Production - 83,043 tonnes, down 77% YoY

Slab Sales - 52,594 tonnes, down 19% YoY

HRC Production - 33,283 tonnes, down 89% YoY

HRC Sales - 90,474 tonnes, down 70% YoY

US Plate & Pipe Mill

Plate Mill Sales - 139,596 tonnes, down 36% YoY

Pipe Mill Sales - 5,411 tonnes, down 92% YoY

Piombino, Italy

Rolled Products (Bars, Wire Rod & Rails) - 301,686 tonnes, down 42% YoY

Grinding Balls - 49,144 tonnes, down 10% YoY

JSW Ispat Special Products Ltd (JV of AION Capital & JSW Steel)

Revenue from Operations – INR 4,188 crores, up 59% YoY

Net Profit After Tax- INR 210 crores as compared to loss of INR 492 crore in FY20

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