JSW Steel’s Q1 profit soars 2x YoY on robust topline growth

JSW Steel reported Q1 FY26 consolidated profit doubling year-on-year, though it fell 75% sequentially due to one-time gains of Rs 17,888 crore in the March quarter. Revenue rose around 10% YoY to Rs 47,364 crore, supported by 4% volume growth to 6.25 million tonnes and higher steel prices, while EBITDA surged 38% YoY to Rs 9,383 crore with per-tonne EBITDA up 23% at Rs 14,990. Net debt declined sharply to Rs 46,157 crore from Rs 53,870 crore QoQ, improving net debt-to-equity to 0.42x; shares gained 1.4% to Rs 1,238.35 on the BSE.