JSW Steel has reported a 307% year-on-year rise in its net profit to Rs 1,646 crore from Rs 404 crore in Q2FY25. However, on a sequential basis, the company saw a 25% decline in consolidated net profit from Rs 2,209 crore in the previous quarter. The company recorded its highest-ever crude steel production at 7.90 million tonnes during the quarter, up 17% from a year ago.
Revenue from operations stood at Rs 45,152 crore, up 14% YoY and 5% QoQ.
According to Reuters, JSW Steel said that the company is expected to Spend Rs 20,000 crore During Financial year 2026.
JSW Steel’s India operations
Domestic operations contributed significantly to the performance. Crude steel production rose 16% year-on-year to 7.66 million tonnes, while sales increased 19% to 7.07 million tonnes. Revenue from Indian operations touched Rs 42,149 crore, up 12% year-on-year.
Adjusted EBITDA from Indian operations was Rs 7,614 crore, up 35% from the previous year, with a margin of 18.1%. Profit after tax from domestic operations came in at Rs 1,778 crore, higher by 113% on-year. Capacity utilisation improved to 92% from 87% in the previous quarter.
The Supreme Court recently upheld JSW Steel’s ownership of Bhushan Power & Steel, dismissing appeals filed by erstwhile promoters and operational creditors.
JSW Steel’s Subsidiary, Bhushan Power & Steel (BPSL) reported revenue of Rs 5,162 crore and an adjusted EBITDA of Rs 724 crore.