JSW Steel’s profit doubles on revenue growth, beats estimates

JSW Steel's consolidated profit doubled year-on-year in Q1FY26, beating market estimates, while shares rose 1.4% to Rs 1,238.35 on the BSE. Consolidated revenue from operations grew around 10% YoY to Rs 47,364 crore, supported by 4% growth in sales volumes to 6.25 million tonnes and higher steel prices, with EBITDA up 38% YoY to Rs 9,383 crore and per-tonne EBITDA rising 23% to Rs 14,990. Net debt declined sharply to Rs 46,157 crore from Rs 53,870 crore sequentially, bringing the net debt-to-equity ratio down to 0.42 times; the company retained its capex guidance of Rs 22,000-24,000 crore for the year.