JSW Steel Q1 Preview: Lower sales, realisation to mar show; FY24 outlook crucial
JSW Steel’s Q1 net profit is expected to drop by 14% to INR 722.4 crore, due to sluggish sales volumes and lower realisations. The consolidated revenue is seen rising 4% YoY to INR 39,626 crore. Looking at stock performance, JSW Steel gained 14% in Q2, but has underperformed Nifty 50 by 7% on a year-to-date basis
