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JSW Steel tops Q3 estimate

January 24, 2026

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Financial Express Mumbai

SAJJAN JINDAL-LED JSW Steel reported a 198% year-on-year jump in net profit in Q3, driven by one-time tax gain, lower mining premium & royalties and reduced power and fuel costs.

- URVI MALVANIA Mumbai, January 23

Net profit attributable to the promoters of the company came in at ₹2,139 crore (including a onetime deferred tax gain of 1,439 crore) compared to ₹717 crore in the year-ago period, beating Bloomberg estimate of 1,400 crore. Revenue from operations grew 11% to ₹45,991 crore during the quarter, ahead of estimate of ₹44,5

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