Income Statement JSW Holdings Limited Bombay S.E.

Stocks

JSWHL

INE824G01012

Investment Banking & Brokerage Services

Delayed Bombay S.E. 00:54:58 2026-08-25 EDT			5-day change	1st Jan Change
11,202.40 ^INR	+0.21%		-2.67%	-44.84%

08-06	JSW Holdings Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-28	JSW Holdings Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: JSW HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	98.04M	97.99M	119M	64.36M	67.72M
Gain (Loss) on Sale of Investment, Total (Rev)	-	27.9M	20.59M	30.9M	10.32M
Interest And Invest. Income (Rev)	1.76B	3.94B	1.56B	2.39B	1.72B
Total Revenues	1.86B	4.07B	1.7B	2.48B	1.79B
Gross Profit	1.86B	4.07B	1.7B	2.48B	1.79B
Selling General & Admin Expenses, Total	41.58M	37.63M	104M	119M	123M
Depreciation & Amortization - (IS)	147K	47K	27K	-	63K
Other Operating Expenses	15.96M	21.37M	17.14M	21.24M	16.99M
Other Operating Expenses, Total	57.69M	59.04M	121M	141M	140M
Operating Income	1.8B	4.01B	1.57B	2.34B	1.65B
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-	-	-	-	-
Income (Loss) On Equity Invest.	170M	319M	369M	211M	251M
Other Non Operating Income (Expenses)	-	-	-	-	1K
EBT, Excl. Unusual Items	1.97B	4.33B	1.94B	2.55B	1.9B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	-24.43M
EBT, Incl. Unusual Items	1.97B	4.33B	1.94B	2.55B	1.88B
Income Tax Expense	458M	1.01B	388M	593M	414M
Earnings From Continuing Operations	1.52B	3.31B	1.56B	1.96B	1.47B
Net Income to Company	1.52B	3.31B	1.56B	1.96B	1.47B
Net Income - (IS)	1.52B	3.31B	1.56B	1.96B	1.47B
Net Income to Common Incl Extra Items	1.52B	3.31B	1.56B	1.96B	1.47B
Net Income to Common Excl. Extra Items	1.52B	3.31B	1.56B	1.96B	1.47B
Per Share Items
Net EPS - Basic	136.66	298.72	140.18	176.45	132.14
Basic EPS - Continuing Operations	136.66	298.72	140.18	176.45	132.14
Basic Weighted Average Shares Outstanding	11.09M	11.1M	11.1M	11.1M	11.1M
Net EPS - Diluted	136.66	298.65	140.15	176.43	132.12
Diluted EPS - Continuing Operations	136.66	298.65	140.15	176.43	132.12
Diluted Weighted Average Shares Outstanding	11.09M	11.1M	11.1M	11.1M	11.1M
Normalized Basic EPS	111.2	243.72	109.49	143.7	107.27
Normalized Diluted EPS	111.2	243.67	109.46	143.68	107.25
Supplemental Items
EBITDA	1.8B	4.01B	1.57B	2.34B	1.65B
EBITA	1.8B	4.01B	1.57B	2.34B	1.65B
EBIT	1.8B	4.01B	1.57B	2.34B	1.65B
Total Revenues (As Reported)	1.86B	4.07B	1.7B	2.48B	1.79B
Effective Tax Rate - (Ratio)	23.19	23.4	19.98	23.26	22.01
Current Domestic Taxes	-	-	401M	595M	420M
Total Current Taxes	457M	1.01B	401M	595M	420M
Deferred Domestic Taxes	-	-	-235K	-1.6M	-5.68M
Total Deferred Taxes	1.19M	-183K	-235K	-1.6M	-5.68M
Normalized Net Income	1.23B	2.7B	1.22B	1.59B	1.19B
Non-Cash Pension Expense	303K	209K	292K	1.68M	2.24M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	9.3M	10.4M	13.5M	17M	19M
Stock-Based Comp., SG&A Exp. (Total)	2.95M	3.53M	4.76M	3.35M	4.59M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	2.95M	3.53M	4.76M	3.35M	4.59M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	3.21M	11.44M	40.81M	34.14M	25.87M
Total Cash And Short Term Investments	3.21M	11.44M	40.81M	34.14M	25.87M
Accounts Receivable, Total	32.74M	23.82M	17.85M	2.84M	18.31M
Other Receivables	120M	118M	169M	219M	2K
Notes Receivable	6.19B	9.19B	10.33B	11.9B	13.45B
Total Receivables	6.34B	9.34B	10.52B	12.13B	13.47B
Prepaid Expenses	23K	49K	65K	122K	114K
Other Current Assets, Total	26.52M	26.79M	39.01M	38.89M	38.79M
Total Current Assets	6.37B	9.37B	10.6B	12.2B	13.53B
Gross Property Plant And Equipment	287K	287K	287K	287K	473K
Accumulated Depreciation	-213K	-260K	-287K	-287K	-350K
Net Property Plant And Equipment	74K	27K	0	0	123K
Long-term Investments	221B	211B	282B	340B	358B
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	200K	200K	200K	200K	200K
Total Assets	228B	220B	293B	353B	372B
Liabilities
Accounts Payable, Total	1.62M	2.1M	3.54M	5.64M	2.23M
Accrued Expenses, Total	6.05M	7.03M	5.14M	3.26M	28.33M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	7.67M	9.13M	8.67M	8.9M	30.56M
Pension & Other Post Retirement Benefits	3.48M	3.91M	23.46M	24.85M	51.6M
Deferred Tax Liability Non Current	28B	26.27B	38.11B	39.48B	41.83B
Other Non Current Liabilities	5.64M	5.19M	23.71M	29.46M	2.57M
Total Liabilities	28.02B	26.29B	38.16B	39.55B	41.91B
Common Stock, Total	111M	111M	111M	111M	111M
Retained Earnings	13.12B	16.46B	18.01B	19.98B	21.44B
Comprehensive Income and Other	186B	178B	236B	293B	309B
Total Common Equity	200B	194B	254B	313B	330B
Total Equity	200B	194B	254B	313B	330B
Total Liabilities And Equity	228B	220B	293B	353B	372B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.09M	11.1M	11.1M	11.1M	11.1M
ECS Total Common Shares Outstanding	11.09M	11.1M	11.1M	11.1M	11.1M
Book Value / Share	17.99K	17.49K	22.92K	28.21K	29.74K
Tangible Book Value	200B	194B	254B	313B	330B
Tangible Book Value Per Share	17.99K	17.49K	22.92K	28.21K	29.74K
Total Debt	0	0	0	0	0
Net Debt	-3.21M	-11.44M	-40.81M	-34.14M	-25.87M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.48M	3.91M	23.46M	24.85M	51.6M
Equity Method Investments, Total	3.98B	5.32B	10.76B	9.73B	1.15B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	287K	287K	287K	287K	473K
Full Time Employees	2	2	3	3	3

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	1.52B	3.31B	1.56B	1.96B	1.47B
Depreciation & Amortization - CF	147K	47K	27K	-	63K
Depreciation & Amortization, Total	147K	47K	27K	-	63K
(Gain) Loss on Sale of Investments - (CF)	-	-27.9M	-20.59M	-30.08M	-10.32M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-1.18B	-3.15B	-629M	-1.34B	-
Stock-Based Compensation (CF)	2.95M	3.53M	4.76M	3.35M	4.59M
Other Operating Activities, Total	906M	2.72B	199M	1.08B	-45M
Change In Accounts Receivable	-6.63M	8.92M	5.97M	15.01M	-15.47M
Change In Accounts Payable	737K	476K	1.44M	2.11M	-3.41M
Change in Other Net Operating Assets	66.27M	120M	32.79M	-2.95M	1.29M
Cash from Operations	1.3B	2.98B	1.15B	1.69B	1.4B
Capital Expenditure	-	-	-	-	-186K
Sale of Property, Plant, and Equipment	363K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	27.9M	20.59M	-121M	114M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.31B	-3B	-1.14B	-1.58B	-1.51B
Cash from Investing	-1.31B	-2.98B	-1.12B	-1.7B	-1.4B
Repurchase of Common Stock	-	-	-	-	-8.72M
Cash from Financing	-	-	-	-	-8.72M
Net Change in Cash	-7.77M	8.23M	29.37M	-6.67M	-8.27M
Supplemental Items
Cash Income Tax Paid (Refund)	458M	1.01B	401M	595M	419M
Levered Free Cash Flow	-271M	-484M	-203M	-144M	-303M
Unlevered Free Cash Flow	-271M	-484M	-203M	-144M	-303M
Change In Net Working Capital	1.4B	2.99B	1.19B	1.61B	1.34B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	0.61	1.12	0.38	0.45	0.29
Return on Total Capital	0.69	1.27	0.44	0.52	0.32
Return On Equity %	0.93	1.68	0.69	0.69	0.46
Return on Common Equity	0.93	1.68	0.69	0.69	0.46
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	2.23	0.92	6.11	4.81	6.87
EBITDA Margin %	96.91	98.55	92.88	94.34	92.18
EBITA Margin %	96.9	98.55	92.88	94.34	92.18
EBIT Margin %	96.9	98.55	92.88	94.34	92.18
Income From Continuing Operations Margin %	81.45	81.5	91.74	78.93	81.72
Net Income Margin %	81.45	81.5	91.74	78.93	81.72
Net Avail. For Common Margin %	81.45	81.5	91.74	78.93	81.72
Normalized Net Income Margin	66.28	66.49	71.66	64.28	66.34
Levered Free Cash Flow Margin	-14.54	-11.9	-11.97	-5.81	-16.89
Unlevered Free Cash Flow Margin	-14.54	-11.9	-11.97	-5.81	-16.89
Asset Turnover
Asset Turnover	0.01	0.02	0.01	0.01	0
Fixed Assets Turnover	5.66K	80.55K	126K	-	29.18K
Receivables Turnover (Average Receivables)	3.33	3.47	5.69	6.22	6.4
Short Term Liquidity
Current Ratio	830.31	1.03K	1.22K	1.37K	442.81
Quick Ratio	20.32	16.78	26.23	28.72	1.45
Operating Cash Flow to Current Liabilities	169.71	326.79	132.58	189.81	45.76
Days Sales Outstanding (Average Receivables)	109.53	105.32	64.3	58.65	56.99
Long Term Solvency
Total Liabilities / Total Assets	12.31	11.93	13.05	11.21	11.27
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Net Debt / EBITDA	-0	-0	-0.03	-0.01	-0.02
Net Debt / (EBITDA - Capex)	-0	-0	-0.03	-0.01	-0.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	100.56	118.52	-58.31	46.31	-27.67
Gross Profit, 1 Yr. Growth %	100.56	118.52	-58.31	46.31	-27.67
EBITDA, 1 Yr. Growth %	105.46	122.22	-60.71	48.6	-29.32
EBITA, 1 Yr. Growth %	105.5	122.24	-60.71	48.6	-29.32
EBIT, 1 Yr. Growth %	105.5	122.24	-60.71	48.6	-29.32
Earnings From Cont. Operations, 1 Yr. Growth %	101.58	118.64	-53.07	25.89	-25.11
Net Income, 1 Yr. Growth %	101.58	118.64	-53.07	25.89	-25.11
Normalized Net Income, 1 Yr. Growth %	103.04	119.24	-55.08	31.26	-25.35
Diluted EPS Before Extra, 1 Yr. Growth %	101.1	118.54	-53.07	25.89	-25.11
Accounts Receivable, 1 Yr. Growth %	25.4	-27.25	-25.05	-84.11	545.63
Net Property, Plant and Equip., 1 Yr. Growth %	-87.33	-63.51	-100	-	-
Total Assets, 1 Yr. Growth %	62.02	-3.15	32.72	20.56	5.49
Tangible Book Value, 1 Yr. Growth %	58.34	-2.73	31.04	23.1	5.43
Common Equity, 1 Yr. Growth %	58.34	-2.73	31.04	23.1	5.43
Cash From Operations, 1 Yr. Growth %	93.66	129.11	-61.46	47	-17.28
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	71.83	78.97	-58.07	-29.06	150.23
Unlevered Free Cash Flow, 1 Yr. Growth %	72.29	78.97	-58.07	-29.06	150.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	24.02	109.35	-4.56	-21.9	2.88
Gross Profit, 2 Yr. CAGR %	24.02	109.35	-4.56	-21.9	2.88
EBITDA, 2 Yr. CAGR %	24.98	113.68	-6.56	-23.59	2.49
EBITA, 2 Yr. CAGR %	24.99	113.71	-6.56	-23.59	2.49
EBIT, 2 Yr. CAGR %	24.99	113.71	-6.56	-23.59	2.49
Earnings From Cont. Operations, 2 Yr. CAGR %	19.35	109.94	1.29	-23.14	-2.91
Net Income, 2 Yr. CAGR %	19.35	109.94	1.29	-23.14	-2.91
Normalized Net Income, 2 Yr. CAGR %	29.43	110.98	-0.76	-23.21	-1.01
Diluted EPS Before Extra, 2 Yr. CAGR %	19.21	109.64	1.27	-23.14	-2.91
Accounts Receivable, 2 Yr. CAGR %	70.67	-4.49	-26.16	-65.49	1.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-63.52	-78.5	-	-	-
Total Assets, 2 Yr. CAGR %	71.78	25.27	13.38	26.5	12.78
Tangible Book Value, 2 Yr. CAGR %	67.5	24.1	12.9	27.01	13.92
Common Equity, 2 Yr. CAGR %	67.5	24.1	12.9	27.01	13.92
Cash From Operations, 2 Yr. CAGR %	12.18	110.64	-6.04	-24.74	10.27
Levered Free Cash Flow, 2 Yr. CAGR %	6.44	75.36	-13.38	-45.46	22.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.44	75.6	-13.38	-45.46	22.18
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.15	49.8	22.25	10.05	-23.87
Gross Profit, 3 Yr. CAGR %	20.15	49.8	22.25	10.05	-23.87
EBITDA, 3 Yr. CAGR %	20.96	51.41	21.5	9.07	-25.55
EBITA, 3 Yr. CAGR %	20.97	51.42	21.52	9.07	-25.55
EBIT, 3 Yr. CAGR %	20.97	51.42	21.52	9.07	-25.55
Earnings From Cont. Operations, 3 Yr. CAGR %	14.87	46.04	27.41	8.9	-23.8
Net Income, 3 Yr. CAGR %	14.87	46.04	27.41	8.9	-23.8
Normalized Net Income, 3 Yr. CAGR %	20.04	54.29	25.99	8.94	-23.93
Diluted EPS Before Extra, 3 Yr. CAGR %	14.79	45.9	27.29	8.89	-23.8
Accounts Receivable, 3 Yr. CAGR %	12.28	28.45	-11.9	-55.75	-8.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-54.94	-63.52	-	-	65.77
Total Assets, 3 Yr. CAGR %	36.21	41.91	27.7	15.72	19.07
Tangible Book Value, 3 Yr. CAGR %	34.03	39.75	26.37	16.2	19.37
Common Equity, 3 Yr. CAGR %	34.03	39.75	26.37	16.2	19.37
Cash From Operations, 3 Yr. CAGR %	13.58	42.33	19.58	9.08	-22.33
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-9.01	26.57	8.84	-18.96	-14.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.01	26.57	8.94	-18.96	-14.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.06	35.62	9.58	15.44	14.1
Gross Profit, 5 Yr. CAGR %	24.06	35.62	9.58	15.44	14.1
EBITDA, 5 Yr. CAGR %	24.88	36.74	9.09	15.17	13.51
EBITA, 5 Yr. CAGR %	24.88	36.75	9.1	15.18	13.51
EBIT, 5 Yr. CAGR %	24.88	36.75	9.1	15.18	13.51
Earnings From Cont. Operations, 5 Yr. CAGR %	25.75	36.66	9.23	12.97	14.29
Net Income, 5 Yr. CAGR %	25.75	36.66	9.23	12.97	14.29
Normalized Net Income, 5 Yr. CAGR %	26.8	38.26	11.24	16.71	14.4
Diluted EPS Before Extra, 5 Yr. CAGR %	25.77	36.61	9.18	12.9	14.22
Accounts Receivable, 5 Yr. CAGR %	-18.13	-8.89	-5.05	-24.07	-6.85
Net Property, Plant and Equip., 5 Yr. CAGR %	-23.58	-54.42	-	-	-26.77
Total Assets, 5 Yr. CAGR %	92.53	19.62	26.57	35.53	21.51
Tangible Book Value, 5 Yr. CAGR %	87.62	18.65	25.14	34.5	21.24
Common Equity, 5 Yr. CAGR %	87.62	18.65	25.14	34.5	21.24
Cash From Operations, 5 Yr. CAGR %	32.72	35.16	5.28	10.31	15.76
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-8.31
Levered Free Cash Flow, 5 Yr. CAGR %	-20.84	-29.69	-10.78	-9.62	13.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.84	-29.69	-10.78	-9.62	14.05