JSW Steel Q3FY26 results: Profit jumps 198% at ₹2,139 cr, revenue up 11%

JSW Steel's Q3 crude steel production stood at 7.48 million tonnes, while saleable steel sales hit a record quarterly high of 7.64 million tonnes

JSW Steel on Friday reported a 198 per cent jump in its consolidated net profit to ₹2,139 crore in the third quater of the financial year 2025-26 (Q3FY26). The company reported a profit of ₹717 crore during the same period last year. On a sequential basis, profit increased 31.8 per cent from ₹1,623 crore. 

 

The significant spike in profit was largely aided by high sales volumes. 

 

JSW Steel's revenue from operations for the quarter stood at ₹45,219 crore, up 10.9 per cent year-on-year (Y-o-Y) from ₹40,793 crore. Sequentially, revenue increased marginally by 1.5 per cent from ₹44,560 crore. 

 

 

The company said its crude steel production stood at 7.48 million tonnes (mt), while saleable steel sales hit a record quarterly high of 7.64 mt.

 

"In the United States, technology related investments and robust consumer spending provided strong growth momentum in 2025. The impact of tariffs on inflation and growth has been limited, however, there could be risks from a lagged effect. Growth momentum in China decelerated in the second half of 2025 due to continued contraction in the real estate sector, although manufacturing and exports showed positive growth," the company said in a BSE filing. 

 

"India continues to lead global growth among major economies...Domestic sales stood at 6.59 mt, reflecting an increase of 10 per cent Y-o-Y. Exports at 0.84 mt, increased by 53 per cent Y-o-Y, contributing 11 per cent to the sales from the Indian operations for Q3 FY26. Retail sales volumes were up 12 per cent Y-o-Y. ," it added.

 

The Mumbai-headquartered steel major reported an adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) of ₹6,620 crore, up 22 per cent Y-o-Y. The Ebitda margin stood at 14.4 per cent. 

 

Shares of JSW Steel closed at ₹1,169.35 apiece on the BSE on Friday.