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JSW Steel starts FY26 on a high
Hindustan Times Navi Mumbai
|July 19, 2025
JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient.
The steelmaker's first-quarter profit jumped to ₹2,209 crore from 867 crore in the same quarter a year ago, according to the company's exchange filings. A key reason for this was improved steel prices, primarily due to the government's 12% safeguard duty to protect the industry from cheap imports of the alloy from China.
“Steel prices rose during the quarter, while sales volumes also picked up due to the ramp-up of the Vijayanagar expansion project,” said Suman Kumar, analyst at Dolat Capital.
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