Factors that will impact JSW Steel's Q4 earnings

The quarter to March-end is expected to be a tough one for JSW Steel which will announce numbers later in the day.Like other miners, in 2011 the firm had to discontinue mining at its 10-million tonne plant in Karnataka due to the mining ban imposed by the Supreme Court which was lifted last month.

Flattish volumes and lower realisation were key concerns that could not be addressed during the quarter.

According to CNBC-TV18 poll, JSW Steel is expected to report around 55 percent year-on-year decline in March quarter profit to Rs 345 along with an around 8.4 percent de-growth in sales to Rs 1585 crore.

EBITDA margins will grow marginally to 17 percent YoY

Key issues to watch out for.Read This: JSW Steel April'13 crude steel production at 6.37 Lk tons

*Production guidance for FY14 and FY15, given availability of iron ore remains critical in Karnataka

*Things likely to get better going ahead with company likely to restart mining operations

*Speedier commencement of production from mines in Karnataka would be positive for players like JSW Steel

* Blended realizations are likely to be under pressure due to weak domestic demand in the flat segment.

Average steel realization may fall 6 percent YoY.

The merger of JSW Ispat Steel into JSW Steel which has been approved by the Bombay High Court will make way for the company to become a bigger player.