JSW Steel Q1 FY27 Profit Jumps 113% to ₹4,651 Crore on Strong Sales and Higher Steel Prices

JSW Steel has delivered a strong start to FY27, reporting a sharp increase in profitability during the first quarter as higher steel prices, improved product mix and healthy domestic demand supported its financial performance.

The company posted a consolidated net profit of ₹4,651 crore for the quarter ended June 2026, registering a 113% year-on-year growth compared to ₹2,184 crore reported in the corresponding period last year. Consolidated revenue also witnessed healthy growth, rising 9.8% to ₹47,364 crore from ₹43,147 crore in Q1 FY26.

The earnings surpassed market expectations, reflecting the company’s operational strength despite continued global uncertainties. While revenue and profit declined sequentially from the previous quarter due to an exceptional gain recorded earlier from the Bhushan Power and Steel transaction, the core business continued to remain resilient.

JSW Steel produced 6.59 million tonnes of crude steel during the quarter. The company also achieved its highest-ever first-quarter steel sales of 6.25 million tonnes, driven by robust demand from automotive, infrastructure, renewable energy and appliance sectors. Domestic sales reached 5.34 million tonnes, while exports increased 46% year-on-year to 0.68 million tonnes, contributing around 11% of total sales from Indian operations.

The company continued to invest in capacity expansion, spending ₹4,869 crore as capital expenditure during the quarter. For the full financial year, JSW Steel plans to invest between ₹22,000 crore and ₹24,000 crore across various expansion projects. Its net debt reduced significantly to ₹46,157 crore as of June 30, strengthening the company’s balance sheet.

Looking ahead, JSW Steel remains optimistic about the Indian market. The company expects sustained demand from infrastructure development, manufacturing and automobile sectors, supported by improving industrial activity and healthy rural consumption. At the same time, it noted that global geopolitical developments and the progress of the monsoon season will continue to be important factors influencing market conditions in the coming quarters.

With record first-quarter sales, disciplined capital investments and improved profitability, JSW Steel has reinforced its position as one of India’s leading steel producers while maintaining confidence in long-term domestic demand.