Steel manufacturer JSW Steel is set announce its quarterly results on Wednesday. Here's what the market is expecting.
- The numbers are expected to look good on a year-on-year (YoY) basis. However, the street is awaiting the management's commentary on the outlook in terms of prices.
- In terms of the domestic business, the production numbers have come in at around 4.2 million tonnes. The crucial number the analysts are looking at is the sales volume number of around 4 million tonne.
- Topline growth of around 17 percent is expected due to higher realisations. In the domestic market the steel prices have gone through the roof, even the export markets prices have moved higher and in addition to that, the rupee has moved from around 65 to around 71.
- Margins should be more or less steady at around 21 percent.