JSW Steel's quarterly net profit triples to 5,279 crore rupees
JSW Steel tripled its September-quarter net profit on record sales volumes and approved a capacity expansion in Odisha, according to a report by Moody's.
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what happened
According to Moody's, JSW Steel's consolidated net profit for the September quarter rose threefold year on year to 5,279 crore rupees. The company, India's largest steel maker by capacity, reported a 13% rise in sales volumes to an all-time high. Production also reached a record 7.27 million tonnes, while the company sold 7.46 million tonnes during the quarter.
Revenue from operations climbed 21% to 54,486 crore rupees. Adjusted EBITDA rose 39% to 9,941 crore rupees, and its margin improved to 18.3% from 17.2%. Consolidated net debt fell to 44,482 crore rupees from 46,157 crore at the end of June. The board approved adding 5 million tonnes of capacity at its Utkal facility in Odisha, with an investment of 16,150 crore rupees. The capital expenditure guidance of 22,000 to 24,000 crore rupees for the year was kept unchanged.
On the BSE, the shares closed at 1,187.00 rupees, down 2.6% from the previous close.
why it matters
The report points to better operating efficiency and a lighter debt load, with the net debt to EBITDA ratio dropping to 1.28 from 1.46. For investors tracking India's steel sector, these figures offer a useful read on profitability and balance sheet strength, while the share price move reflects the market's reaction to the results.
market impact
Indian steel: record volumes and higher margins support JSW Steel's earnings and the sector outlook
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sources
- JSW Steel Net Jumps 3-Fold to 5,279 cr — Moody's, 24 October 2026 at 04:15 UTC
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