Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹132 (vs ₹176 in FY 2025) Full year 2026 results: EPS: ₹132 (down from ₹176 in FY 2025). Revenue: ₹1.79b (down 28% from FY 2025). Net income: ₹1.47b (down 25% from FY 2025). Profit margin: 82% (up from 79% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Announcement • May 21
JSW Holdings Limited to Report Fiscal Year 2026 Results on May 28, 2026 JSW Holdings Limited announced that they will report fiscal year 2026 results at 12:08 PM, Indian Standard Time on May 28, 2026 Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹28.94 (vs ₹12.51 in 3Q 2025) Third quarter 2026 results: EPS: ₹28.94 (up from ₹12.51 in 3Q 2025). Revenue: ₹326.6m (up 12% from 3Q 2025). Net income: ₹321.2m (up 131% from 3Q 2025). Profit margin: 98% (up from 48% in 3Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Jan 13
JSW Holdings Limited to Report Q3, 2026 Results on Jan 29, 2026 JSW Holdings Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹60.52 (vs ₹108 in 2Q 2025) Second quarter 2026 results: EPS: ₹60.52 (down from ₹108 in 2Q 2025). Revenue: ₹835.7m (down 49% from 2Q 2025). Net income: ₹671.7m (down 44% from 2Q 2025). Profit margin: 80% (up from 74% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Announcement • Oct 24
JSW Holdings Limited to Report Q2, 2026 Results on Nov 06, 2025 JSW Holdings Limited announced that they will report Q2, 2026 results on Nov 06, 2025 New Risk • Aug 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 71% Last year net profit margin: 108% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 11
Full year 2025 earnings released: EPS: ₹176 (vs ₹140 in FY 2024) Full year 2025 results: EPS: ₹176 (up from ₹140 in FY 2024). Revenue: ₹2.48b (up 46% from FY 2024). Net income: ₹1.96b (up 26% from FY 2024). Profit margin: 79% (down from 92% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 87% per year, which means it is well ahead of earnings. Announcement • Jul 09
JSW Holdings Limited, Annual General Meeting, Jul 31, 2025 JSW Holdings Limited, Annual General Meeting, Jul 31, 2025, at 11:00 Indian Standard Time. Announcement • Jul 08
JSW Holdings Limited to Report Q1, 2026 Final Results on Jul 31, 2025 JSW Holdings Limited announced that they will report Q1, 2026 final results at 9:08 AM, Indian Standard Time on Jul 31, 2025 Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹176 (vs ₹140 in FY 2024) Full year 2025 results: EPS: ₹176 (up from ₹140 in FY 2024). Revenue: ₹2.48b (up 46% from FY 2024). Net income: ₹1.96b (up 26% from FY 2024). Profit margin: 79% (down from 92% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings. Announcement • May 21
JSW Holdings Limited to Report Q4, 2025 Results on May 28, 2025 JSW Holdings Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 28, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹12.51 (vs ₹31.28 in 3Q 2024) Third quarter 2025 results: EPS: ₹12.51 (down from ₹31.28 in 3Q 2024). Revenue: ₹292.2m (up 7.1% from 3Q 2024). Net income: ₹138.9m (down 60% from 3Q 2024). Profit margin: 48% (down from 127% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
JSW Holdings Limited to Report Q3, 2025 Results on Feb 04, 2025 JSW Holdings Limited announced that they will report Q3, 2025 results on Feb 04, 2025 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹16,919, the stock trades at a trailing P/E ratio of 78.2x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 314% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14,300, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 238% over the past three years. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹108 (vs ₹56.95 in 2Q 2024) Second quarter 2025 results: EPS: ₹108 (up from ₹56.95 in 2Q 2024). Revenue: ₹1.62b (up 82% from 2Q 2024). Net income: ₹1.20b (up 89% from 2Q 2024). Profit margin: 74% (up from 71% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹10,760, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 26x in the Capital Markets industry in India. Total returns to shareholders of 137% over the past three years. Announcement • Oct 15
JSW Holdings Limited to Report Q2, 2025 Results on Oct 25, 2024 JSW Holdings Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹9,070, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 25x in the Capital Markets industry in India. Total returns to shareholders of 94% over the past three years. Announcement • Jul 16
JSW Holdings Limited to Report Q1, 2025 Results on Jul 24, 2024 JSW Holdings Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Announcement • Jul 09
JSW Holdings Limited Appoints Mr. Akshat Chechani as the Company Secretary & Key Managerial Personnel JSW Holdings Limited announced that at its board meeting held on July 9, 2024, has approved the appointment of Mr. Akshat Chechani as the Company Secretary & Key Managerial Personnel (KMP) of the Company with effect from July 9, 2024. Mr. Akshat Chechani will also act as Compliance Officer of the Company as required under the SEBI Listing Regulations and SEBI (Prohibition of Insider Trading) Regulations, 2015. Mr. Akshat Chechani (B. Com., LL.B.) is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (Mem. No.: ACS 23506) and Institute of Chartered Secretaries and Administrators, UK & Ireland (Mem. No.: ACG 1182778). He also holds a post graduate degree in Master of Business Laws from NLSIU, Bangalore. Mr. Chechani has over 15 years of experience in Secretarial & Compliance matters for Listed and Public companies. Mr. Chechani was previously associated with companies like Raymond Limited, Asian Paints Limited and Cipla Limited amongst others. Reported Earnings • Jul 05
Full year 2024 earnings released: EPS: ₹140 (vs ₹299 in FY 2023) Full year 2024 results: EPS: ₹140 (down from ₹299 in FY 2023). Revenue: ₹1.70b (down 58% from FY 2023). Net income: ₹1.56b (down 53% from FY 2023). Profit margin: 92% (up from 82% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
JSW Holdings Limited, Annual General Meeting, Jul 24, 2024 JSW Holdings Limited, Annual General Meeting, Jul 24, 2024, at 10:30 Indian Standard Time. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹140 (vs ₹299 in FY 2023) Full year 2024 results: EPS: ₹140 (down from ₹299 in FY 2023). Revenue: ₹1.70b (down 58% from FY 2023). Net income: ₹1.56b (down 53% from FY 2023). Profit margin: 92% (up from 82% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 16
JSW Holdings Limited to Report Q4, 2024 Results on May 28, 2024 JSW Holdings Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • Apr 03
JSW Holdings Limited has filed a Follow-on Equity Offering in the amount of INR 50 billion. JSW Holdings Limited has filed a Follow-on Equity Offering in the amount of INR 50 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 98,021,918
Price(minimum): INR 510.09
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹7,234, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 21x in the Capital Markets industry in India. Total returns to shareholders of 88% over the past three years. Announcement • Mar 22
JSW Holdings Limited Announces Executive Changes JSW Holdings Limited announced at its board meeting held on March 21, 2024 approved the retirement of Atul Desai as non executive, Independent director with effect from close of business hours on March 31, 2024 on account of completion of his 2nd term as Non executive, Independent director. The company announced resignation of Sanjay Gupta as Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from the close of business hours on April 29, 2024. Reported Earnings • Jan 25
Third quarter 2024 earnings released: EPS: ₹31.28 (vs ₹26.97 in 3Q 2023) Third quarter 2024 results: EPS: ₹31.28 (up from ₹26.97 in 3Q 2023). Revenue: ₹272.9m (up 4.9% from 3Q 2023). Net income: ₹347.1m (up 16% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jan 13
JSW Holdings Limited to Report Q3, 2024 Results on Jan 24, 2024 JSW Holdings Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹56.95 (vs ₹229 in 2Q 2023) Second quarter 2024 results: EPS: ₹56.95 (down from ₹229 in 2Q 2023). Revenue: ₹891.7m (down 74% from 2Q 2023). Net income: ₹632.0m (down 75% from 2Q 2023). Profit margin: 71% (down from 75% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
JSW Holdings Limited to Report Q2, 2024 Results on Oct 31, 2023 JSW Holdings Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Announcement • Aug 05
Jsw Holdings Limited Announces Retirement of Sajjan Jindal as Non-Executive & Non-Independent Director JSW Holdings Limited at its AGM held on August 4, 2023 announced retirement of Mr. Sajjan Jindal, Non-Executive & Non-Independent Director by rotation and not to fill the vacancy so caused. Announcement • Jul 29
JSW Holdings Limited to Report Q1, 2024 Results on Aug 04, 2023 JSW Holdings Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: ₹299 (vs ₹137 in FY 2022) Full year 2023 results: EPS: ₹299 (up from ₹137 in FY 2022). Revenue: ₹4.07b (up 119% from FY 2022). Net income: ₹3.31b (up 119% from FY 2022). Profit margin: 82% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
JSW Holdings Limited, Annual General Meeting, Aug 04, 2023 JSW Holdings Limited, Annual General Meeting, Aug 04, 2023, at 11:00 Indian Standard Time. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹299 (vs ₹137 in FY 2022) Full year 2023 results: EPS: ₹299 (up from ₹137 in FY 2022). Revenue: ₹4.07b (up 119% from FY 2022). Net income: ₹3.31b (up 119% from FY 2022). Profit margin: 82% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • May 26
JSW Holdings Limited Announces Board Changes JSW Holdings Limited announced that Mr. Sajjan Jindal, Chairman, Non-Executive and Non-Independent Director, is liable to retire by rotation at the ensuing 22nd Annual General Meeting and is eligible for re-appointment. However, due to other commitments and pre-occupations, he does not seek re-appointment and accordingly would cease to hold office as Chairman and Non-Executive Director of the Company on expiry of his term at the conclusion of the ensuing AGM of the Company. Mr. N. K. Jain, Independent Director, upon retirement of Mr. Sajjan Jindal, shall be the Chairman of the Board. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹26.97 (vs ₹14.76 in 3Q 2022) Third quarter 2023 results: EPS: ₹26.97 (up from ₹14.76 in 3Q 2022). Revenue: ₹260.2m (up 54% from 3Q 2022). Net income: ₹299.4m (up 80% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: ₹229 (vs ₹94.13 in 2Q 2022) Second quarter 2023 results: EPS: ₹229 (up from ₹94.13 in 2Q 2022). Revenue: ₹3.37b (up 151% from 2Q 2022). Net income: ₹2.55b (up 144% from 2Q 2022). Profit margin: 75% (down from 78% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 24% share price gain to ₹4,485, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: ₹1.86b (up 101% from FY 2021). Net income: ₹1.52b (up 102% from FY 2021). Profit margin: 82% (in line with FY 2021). Reported Earnings • May 31
Full year 2022 earnings released: EPS: ₹137 (vs ₹67.96 in FY 2021) Full year 2022 results: EPS: ₹137 (up from ₹67.96 in FY 2021). Revenue: ₹1.86b (up 101% from FY 2021). Net income: ₹1.52b (up 102% from FY 2021). Profit margin: 82% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. CFO & Whole-Time Director Manoj Mohta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹14.76 (up from ₹13.68 in 3Q 2021). Revenue: ₹169.4m (up 13% from 3Q 2021). Net income: ₹166.6m (up 10% from 3Q 2021). Profit margin: 98% (down from 101% in 3Q 2021). The decrease in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. CFO & Whole-Time Director Manoj Mohta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹94.13 (vs ₹35.67 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹1.34b (up 167% from 2Q 2021). Net income: ₹1.04b (up 164% from 2Q 2021). Profit margin: 78% (down from 79% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹13.46 (vs ₹8.56 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹156.4m (up 25% from 1Q 2021). Net income: ₹149.0m (up 57% from 1Q 2021). Profit margin: 95% (up from 76% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Board Change • Jul 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. CFO & Whole-Time Director Manoj Mohta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 25% share price gain to ₹5,567, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 14x in the Capital Markets industry in India. Total returns to shareholders of 199% over the past three years. Reported Earnings • May 27
Full year 2021 earnings released: EPS ₹67.96 (vs ₹96.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹928.1m (down 23% from FY 2020). Net income: ₹752.2m (down 29% from FY 2020). Profit margin: 81% (down from 88% in FY 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹13.68 (vs ₹9.59 in 3Q 2020) Third quarter 2021 results: Revenue: ₹149.7m (up 27% from 3Q 2020). Net income: ₹151.4m (up 43% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₹3,964, the stock is trading at a trailing P/E ratio of 55.6x, up from the previous P/E ratio of 47.8x. This compares to an average P/E of 15x in the Capital Markets industry in India. Total returns to shareholders over the past three years are 121%. Is New 90 Day High Low • Dec 04
New 90-day high: ₹3,515 The company is up 49% from its price of ₹2,356 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 22% share price gain to ₹3,402, the stock is trading at a trailing P/E ratio of 51x, up from the previous P/E ratio of 41.8x. This compares to an average P/E of 14x in the Capital Markets industry in India. Total returns to shareholders over the past three years are 87%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 15% share price gain to ₹3,190, the stock is trading at a trailing P/E ratio of 51.6x, up from the previous P/E ratio of 44.7x. This compares to an average P/E of 14x in the Capital Markets industry in India. Total returns to shareholders over the past three years are 73%. Is New 90 Day High Low • Nov 12
New 90-day high: ₹2,812 The company is up 40% from its price of ₹2,007 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 1.0% over the same period. Reported Earnings • Nov 02
Second quarter 2021 earnings released: EPS ₹35.67 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹503.3m (down 41% from 2Q 2020). Net income: ₹394.9m (down 48% from 2Q 2020). Profit margin: 79% (down from 89% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Is New 90 Day High Low • Oct 23
New 90-day high: ₹2,507 The company is up 32% from its price of ₹1,899 on 24 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is flat over the same period. 
