JSW Steel will report its Q2 results on Friday. The stock is trading in the green even in today’s trading session and has seen a big rally. In terms of the numbers, they are going to be good. Topline will be more or less flattish, operating profit will see a growth of close to around close to 35 percent.
Utilisation levels have spiked up for the past quarter, we already have the production numbers with us and the utilisation number out there has moved to around 86 percent. So that is not only better on a sequential basis, even in a year-on-year (YoY) basis it has seen a big increase on them.
Demand has bounced back and that is what will help the sales volumes, we are estimating a sales volume growth of close to around 12 percent.To know more, watch the videos.