JSW Steel Profit Jumps Nearly 4 Times on Year in September Quarter; Revenue Up 14%

JSW Steel Ltd. posted a sharp rise in profit for the September quarter as higher sales volumes and softer input costs boosted margins.

The company’s consolidated net profit surged nearly fourfold on year to ₹16.2 billion, while revenue from operations rose 14% to ₹451.5 billion. Sequentially, profit fell 26%, though revenue increased 4.7%.

Consolidated sales volume climbed 20% on year to 7.3 million tonnes, with crude steel output rising 17% to 7.9 million tonnes. EBITDA grew 31% on year to ₹71.2 billion, while adjusted EBITDA—excluding foreign currency impacts—rose 39% to ₹78.5 billion.

Costs remained under control, with material expenses up 8.9% and power and fuel costs rising 5.3%. Total expenditure increased 11% on year to ₹430 billion.

Capital expenditure stood at ₹31.4 billion in the quarter and ₹65.4 billion in April-September The company plans to spend about ₹200 billion on capex in 2025-2026. Net profit for the half year rose nearly threefold to ₹38.1 billion as revenue grew 7% to ₹883 billion.