Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

<ul>
<li>JSW Steel has released Q2/24-25 numbers that were weaker than expected in our view, with a yoy decline in revenue, significantly larger decrease in earnings, material negative FCF (owing to lower steel prices) and narrower margins (due to a surge in cheap imports, particularly from China).</li>
<li>The balance sheet deteriorated, with debt increasing and earnings softening. Liquidity also weakened.</li>
<li>While the company has guided for improvement in H2/24-25, it did not provide credible justification for this during the earning call besides noting that JSW raised selling prices in October 2024. </li>
</ul>


JSW Steel has released Q2/24-25 numbers that were weaker than expected in our view, with a yoy decline in revenue, significantly larger decrease in earnings, material negative FCF (owing to lower steel prices) and narrower margins (due to a surge in cheap imports, particularly from China).
The balance sheet deteriorated, with debt increasing and earnings softening. Liquidity also weakened.
While the company has guided for improvement in H2/24-25, it did not provide credible justification for this during the earning call besides noting that JSW raised selling prices in October 2024. 


JSW Steel - Earnings Flash - Q2 FY 2024-25 Results - Lucror Analytics

JSW Steel Ltd

JSW Steel - Earnings Flash - Q2 FY 2024-25 Results - Lucror Analytics