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JSW Steel's lustre back in Q1 as safeguard duty aids sales
Mint Mumbai
|July 22, 2025
JSW Steel Ltd.'s consolidated EBITDA jumped 38% on-year to ₹7,600 crore in Q1FY26, thanks to lower raw material costs, royalties, and higher volumes.
EBITDA per tonne rose 26% to ₹11,324, when overall revenue was little changed at ₹43,100 crore.
Prices haven't recovered fully. While blended realization at ₹64,500 per tonne is up about ₹4,700 from the lows in Q4FY25, it is about 8% down year-on-year.
The Indian steel industry got a push after the imposition of safeguard duty in April, which led to a notable 34% sequential drop in imports in Q1. JSW's sales grew by 9% to 6.7 million tonnes, with domestic volumes up by 12%.
The management expects sales to reach 29.2 mt in FY26, up 13% year-on-year, backed by strong domestic outlook.
Cette histoire est tirée de l'édition July 22, 2025 de Mint Mumbai.
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