JSW Steel Triples Profit and Approves Odisha Capacity Expansion
JSW Steel reported a threefold rise in consolidated net profit for the September quarter and approved adding 5 million tonnes at its Utkal plant.
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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. Demand drove the result, with sales volumes up 13% to an all-time high. The company sold 7.46 million tonnes of steel while output reached a record 7.27 million tonnes.
Revenue from operations climbed 21% to 54,486 crore, or 31% excluding the deconsolidation of Bhushan Power. Adjusted EBITDA rose 39% to 9,941 crore, and its margin improved to 18.3% from 17.2%. The board also approved adding 5 million tonnes of capacity at its Utkal facility in Odisha for 16,150 crore.
why it matters
Strong earnings and falling leverage make the company one of the more resilient players in India's steel sector. Its capital expenditure guidance of 22,000–24,000 crore for the year was kept unchanged. For the market, the results point to healthy domestic steel demand.
market impact
Indian steelmakers: strong demand and profit growth support the sector
tags
instruments
sources
- JSW Steel Posts 3-fold Jump in Profit, Lines Up Capacity Expansion — Moody's, 24 October 2026 at 04:14 UTC
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