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JSW Steel net surges 198%
Business Standard
|January 24, 2026
One-time tax gain, linked to Bhushan Power & Steel and JFE Steel deal, drives growth
JSW Steel on Friday reported a 198.3 per cent year-on-year (Yo-Y) jump in consolidated net profit (attributable to owners of the company) to 2,139 crore in the third quarter of 2025-26 (Q3FY26).Itwas led by a onetime tax gain linked to the Bhushan Power & Steel (BPSL) and JFE Steel deal.
In the year-ago period, the company’s net profit stood at 717 crore.
On December 3, JSW Steel announced a strategic joint venture with Japan’s JFE Steel for the BPSL steel business.
As part of this transaction, JFE will take a so percent stake in BPSL's steel business at an equity value of 31,500 crore and enterprise value of 53,000 crore.
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