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JSW Steel profit up over 2x on volumes, low coking coal cost
July 19, 2025
|Business Standard
JSW Steel on Friday reported a 158 per cent year-on-year (Y-o-Y) jump in consolidated net profit (attributable to owners of the company) to ₹2,184 crore in Q1FY26.
This was on the back of higher volumes and lower coking coal cost, a key raw material. In the year-ago period, the company's net profit stood at ₹845 crore.
The net profit topped Bloomberg's estimate of ₹2,095 crore.
The firm's total revenue, on a consolidated basis, increased 0.5 per cent to ₹43,147 crore from ₹42,943 crore last year. The Bloomberg estimate for revenue was ₹43,004 crore.
Sequentially, revenue was down 3.7 per cent on planned maintenance shutdowns while net profit was up 45.3 per cent. Capacity utilization at the Indian operations was 87 per cent during the quarter compared to 93 per cent in Q4FY25.
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