JSW Steel has reported that its net profit (attributable to shareholders) more than tripled in the September quarter to ₹5,279 crore against ₹1,623 crore logged in the same period last year, on the back of better realisation.
Revenue increased 21 per cent to ₹53,697 crore against ₹44,560 crore a year ago while EBITDA jumped 39 per cent to ₹9,941 crore.
Production was up 5 per cent 7.27 million tonne (mt) while sales jumped 13 per cent to 7.46 mt. EBITDA per tonne increased to 24 per cent y-o-y to ₹13,329.
JSW Steel, along with its partner JFE Steel, plans to increase capacity at its Sambalpur plant in Odisha by 5 mtpa from 4.5 mtpa with a ₹11,250 crore investment.
The two companies will invest ₹3,750 crore each to meet the equity requirement of ₹7,500 crore. The project will commence next April and is targeted to be completed in 3.5 years.
JSW Steel also plans to establish a wholly owned subsidiary in the UAE for overseas investment, trading, and business development.
The company spent ₹11,136 crore on capex in the first half of this fiscal year and plans to invest another ₹12,864 crore in the second half, bringing total investment to ₹22,000-24,000 crore in FY27.
JSW Steel plans to double under-construction JSW Utkal capacity in Odisha to 10 mtpa, with an additional capital outlay of ₹16,150 crore and expects to complete it by Q1 FY31.
It will set up an 8 mtpa pellet plant at JVML-Vijayanagar, which will reduce dependence on iron ore lumps. Further, the capacity at Vasind will be increased with an additional 1.8 mtpa Cold Rolling Mill complex, along with a 1.2 mtpa metal coating facility, including Zero Sprangle and a Zinc-Aluminum-Magnesium facility. The project will be commissioned by Q2 FY30.
The board has also approved a proposal to expand coking coal mining capacity in Mozambique to 9 mtpa by 2028. The MdR coking coal deposit in Mozambique in March.
JSW Steel will set up the first 0.5 mtpa recycling facility at Khopoli, along with mechanised scrap processing centres across various locations.
In India, the company’s sales were up 14 per cent to 7.27 mt, while production increased 5 per cent to 7.07 mt. Revenue jumped 30 per cent to ₹50,188 crore (₹38,466 crore). EBITDA rose 40 per cent to ₹9,636 crore (₹6,893 crore), and EBITDA per tonne rose 22 per cent to ₹13,248 (₹10,849).
JSW Vijayanagar Metallics reported a net profit of ₹1,000 crore on revenue of ₹7,582 crore. EBITDA was at ₹1,630 crore.
JSW Steel Coated Products registered a net profit of ₹352 crore while revenue was at ₹11,344 crore. Production volume was 1.19 mt against a sales volume of 1.24 million tonnes. EBITDA was at ₹708 crore.
Published on October 23, 2026
