JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand.
Nomura has cut its consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) estimates by 21 per cent, citing lower volumes and declining HRC prices, with an expected Ebitda/t decline of Rs 560 Q-o-Q for the India business.
Nuvama anticipates a 26 per cent Y-o-Y Ebitda drop to Rs 5,308.3 crore, despite a 6 per cent Q-o-Q rise in volumes.
