JSW Steel Q4 Profit Surges to ₹16,370 Crore on BPSL Deal Gain and Record Steel Sales

JSW Steel Ltd reported a massive jump in consolidated net profit for the fourth quarter of FY26, driven by exceptional gains from the transfer of Bhushan Power & Steel Ltd’s steel business and strong operational performance across its domestic business.

The company posted a consolidated profit after tax of ₹16,370 crore for the quarter ended March 31, 2026, compared to ₹1,503 crore during the same period last year. The sharp increase was mainly supported by an exceptional gain of ₹17,888 crore arising from the slump sale of the BPSL steel business to a joint venture with Japan’s JFE Steel. Excluding the one-time gain, JSW Steel’s normalised net profit stood at around ₹3,475 crore.

Revenue from operations during the quarter rose 14 percent year-on-year to a record ₹51,180 crore. Adjusted EBITDA increased 50 percent to ₹9,713 crore, while EBITDA margin improved to 19 percent from 14.5 percent in the corresponding quarter last year.

Steel sales during the quarter touched an all-time high of 7.97 million tonnes, reflecting strong domestic and export demand. Domestic sales also reached a record 7.09 million tonnes, while exports grew 36 percent year-on-year and accounted for 10 percent of Indian operations sales. Crude steel production for the quarter stood at 7.49 million tonnes.

For the full financial year FY26, JSW Steel reported revenue of ₹1.85 lakh crore and EBITDA of ₹29,821 crore. Annual crude steel production stood at 30.14 million tonnes, while steel sales increased 12 percent to 29.63 million tonnes.

The company also reduced its net debt significantly to ₹53,870 crore at the end of March 2026 from ₹80,347 crore in December 2025, supported by deleveraging and healthy cash generation.

Looking ahead, JSW Steel plans to expand its steelmaking capacity from 31.9 MTPA to 48.8 MTPA by FY30 through ongoing expansion projects and strategic joint ventures.