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Informist, Thursday, May 14, 2026

 

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--JSW Steel Jan-Mar consol net profit INR 163.70 bln
--Analysts saw JSW Steel consol net profit at INR 25.77 bln
--JSW Steel Jan-Mar consol revenue INR 511.80 bln
--Analysts saw JSW Steel consol revenue at INR 501.45 bln
--JSW Steel Jan-Mar net profit includes one-time income INR 178.88 bln
--JSW Steel Jan-Mar consol net profit INR 163.70 bln vs INR 15.03 bln year ago
--JSW Steel Jan-Mar consol revenue INR 511.80 bln vs INR 448.19 bln year ago
--JSW Steel would have made loss of INR 15.2 bln excluding one-time gain Q4
--JSW Steel FY26 consol net profit INR 223.16 bln vs INR 35.04 bln year ago
--JSW Steel FY26 consol revenue INR 1.85 tln vs INR 1.69 tln year ago
--JSW Steel Q4 consol total expenses INR 468.62 bln vs INR 430.32 bln yr ago
--JSW Steel had one-time gain Q4 largely due to Bhushan Power slump sale
--JSW Steel Q4 consol adjusted EBITDA INR 97.13 bln vs INR 64.86 bln yr ago
--JSW Steel Jan-Mar consol tax expenses INR 31.34 bln vs INR 2.29 bln yr ago
--JSW Steel Jan-Mar consol adjusted EBITDA/tn INR 12,264 vs INR 8,663 yr ago
--JSW Steel Jan-Mar consol adjusted EBITDA margin 19.0% vs 14.5% yr ago
--JSW Steel to pay INR 7.10 per share final dividend
--JSW Steel Jan-Mar India ops sales 7.84 mln tn, up 8% YoY, up 6% QoQ
--JSW Steel Jan-Mar India consol adjusted EBITDA INR 95.74 bln, up 47% on yr
--JSW Steel to raise up to INR 70 bln via convertible warrants
--JSW Steel Q4 India ops adjusted EBITDA/tn INR 12,290 vs INR 8,933 year ago
--JSW Steel to raise up to INR 70 bln via equity shrs, convertible securities
--JSW Steel Jan-Mar India ops revenue INR 487.73 bln vs INR 426.79 bln yr ago
--JSW Steel Q4 India ops adjusted EBITDA margin 19.6% vs 15.2% year ago
--JSW Steel Ohio unit Jan-Mar EBITDA loss $7.23 mln
--JSW Steel to spend INR 220 bln-INR 240 bln in FY27
--JSW Steel incurred capex of INR 46.12 bln in Q4, INR 155.95 bln in FY26

 

By Rajesh Gajra

 

MUMBAI – JSW Steel Ltd. reported a surge in its consolidated net profit for the March quarter on a year-on-year basis due to exceptional items, resulting in a net gain of INR 178.88 billion. The company reported a consolidated net profit of INR 163.70 billion in the March quarter compared with INR 15.03 billion a year ago. However, excluding the exceptional net gain, JSW Steel would have made a loss of INR 15.2 billion during the quarter.

 

Analysts had expected the company's net profit to be INR 25.77 billion, a figure that did not factor in the unanticipated exceptional net gain in the reporting quarter. The net exceptional gain in the March quarter was largely related to the Bhushan Power slump sale.

 

Operationally, the steel producer reported better numbers for the March quarter. The consolidated revenue from operations increased 14% on year to INR 511.80 billion in the March quarter, and was higher than analysts' expectation of INR 501.45 billion.

 

The rise in steel prices and consequent higher steel realisations in the March quarter enabled JSW Steel to report double-digit consolidated revenue growth, even as sales volumes were up by only 6% on year. The growth was mainly driven by the company's India revenue, which grew 14% on-year to INR 487.73 billion in the March quarter, while sales volume increased by 8%.

 

The company's consolidated total expenses increased by 9% on-year to INR 468.62 billion, while total income grew by 14% to INR 515.21 billion. This resulted in the company's adjusted earnings before interest, tax, depreciation, and amortisation jumping 50% on-year to INR 97.13 billion, and the adjusted EBITDA margin expanding to 19% from 14.5%. The consolidated adjusted EBITDA per tonne rose 42% on year to INR 12,264.

 

The profitability boost was solely due to the company's India operation, which reported a 47% on-year rise in adjusted EBITDA to INR 95.74 billion and an expansion of adjusted EBITDA margin to 19.6% from 15.2%. In contrast, the US-based Ohio unit of the company reported an EBITDA loss of $7.23 million for the March quarter. The Ohio unit had a low capacity utilisation of 46% during the reporting quarter.

 

For 2025-26 (Apr-Mar), the company's consolidated net profit was INR 223.16 billion, up from INR 35.04 billion in the previous year. The consolidated revenue from operations rose to INR 1.85 trillion in FY26 from INR 1.69 trillion a year earlier.

 

JSW Steel incurred a capital expenditure of INR 46.12 billion in the March quarter. In FY26, the total capital expenditure was INR 155.95 billion. The company announced a final dividend of INR 7.10 per share. On Thursday, shares of JSW Steel closed 1.7% higher at INR 1,296.90 on the National Stock Exchange.  End

 

Edited by Saji George Titus

 

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