JSW Steel Q2 FY26 profit jumps 307% on record output

Pat Growth 25pctEbitda Margin ExpansionExceptional ItemRelated Party TransactionsResults View source PDF Explain this filing

JSWSTEEL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹1172.50

prior close

₹1159.00

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.9% vs market

Iron & Steel peers, median of 9sector-1.7%+1.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty 100 and 1.1 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Steel reported unaudited Q2 FY26 results. Revenue from operations was Rs 45,152 crore, up 14% year on year. Adjusted EBITDA rose 39% to Rs 7,849 crore; margin was 17.4% versus 14.2%. Profit after tax jumped 307% to Rs 1,646 crore but was 25% lower than Q1. Record output of 7.90 million tonnes; sales 7.34 million tonnes. Net debt to equity 0.93x. Auditors gave a clean review.

Likely market impact

Strong profit growth, record output and steady leverage support sentiment, but the QoQ profit fall and US tariff risks may cap gains.