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The Hindu Business Line

JSW Steel more than doubles June-quarter profit to ₹4,696 crore as realisations improve

AI Market Summary
JSW Steel reported a sharp Q1 FY27 earnings beat, with net profit more than doubling on stronger realisations and lower finance costs, while net debt fell meaningfully. Higher EBITDA per tonne and rising volumes signal improving domestic steel demand and pricing power, reinforced by capacity expansion at Vijayanagar and the completed JFE JV for Bhushan Power. The results support a positive tone for Indian cyclicals and broader Indian equities near term.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.15%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
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JSW Steel reported FY27 June-quarter net profit of ₹4,696 crore, more than double the ₹2,209 crore posted a year earlier, helped by better realisations and lower finance costs. Revenue rose 10 per cent to ₹47,364 crore. EBITDA climbed 32 per cent to ₹9,373 crore, while EBITDA per tonne increased 27 per cent to ₹14,990. Net debt fell by ₹7,713 crore sequentially to ₹46,157 crore, and the company said it completed the Bhushan Power and Steel joint venture with JFE and commissioned the Vijayanagar BF-3 expansion.
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