JSW Steel Q3 profit surges

The firm’s net profit nearly tripled to ₹2,139 crore, led by a deferred tax gain on Bhushan Power and Steel assets

- Dipali Banka

Steel prices were at a multi-year low and adversely impacted realizations, Jayant Acharya, joint managing director and CEO of JSW Steel.

(BLOOMBERG)

JSW Steel, India’s largest steelmaker by domestic capacity, reported a nearly threefold jump in net profit for the December quarter on the back of a one-off tax gain.

The company reported consolidated net profit of ₹2,139 crore for the quarter ended 31 December 2025, up sharply from ₹717 crore a year ago. The profit beat the ₹1,406.7 crore projection of 13 analysts polled by Bloomberg.

The reported profit includes a onetime deferred tax gain of ₹1,439 crore related to its Bhushan Power and Steel assets. Excluding this, the underlying profit would be about ₹700 crore, roughly half of analyst expectations, a 2% decline from the same quarter a year ago.