JSW Steel Q1FY26 result: Profit soars 158% to ₹2,184 cr, revenue flat

The jump in profit can be attributed to easing raw material costs and firmer domestic steel prices

Rahul Goreja New Delhi

2 min read Last Updated : Jul 18 2025 | 5:48 PM IST

Listen to This Article

Don't want to miss the best from Business Standard?

JSW Steel on Friday reported consolidated net profit of ₹2,184 crore for the first quarter (Q1) of financial year 2025–26 (FY26), a sharp 158 per cent jump year-on-year (YoY) from ₹845 crore in Q1FY25. Sequentially, profit rose 45 per cent from ₹1,503 crore.

Revenue from operations stood at ₹43,147 crore for the quarter, up 0.5 per cent from ₹42,943 crore in the year-ago quarter. On a sequential basis, revenue declined 3.7 per cent from ₹44,819 crore in Q4FY25.

The company’s total expenses for the quarter stood at ₹40,325 crore, down 3.3 per cent from ₹41,715 crore in Q1FY25. Compared to the previous quarter, expenses fell 6.3 per cent, reflecting improved cost efficiency.

JSW Steel’s consolidated crude steel production reached 7.26 million tonnes (MT) in Q1FY26, marking a 14 per cent YoY increase. Capacity utilisation at its Indian facilities stood at 87 per cent, lower than 93 per cent in the previous quarter due to planned maintenance shutdowns, the company said.

Steel sales during the quarter rose 9 per cent YoY to 6.69 MT, with both institutional and retail volumes registering a 12 per cent annual growth.

However, exports declined 20 per cent YoY in Q1FY26, accounting for just 7 per cent of total sales from Indian operations.

Shares of JSW Steel closed at ₹1,034.45 on the BSE on Friday.