JSW Steel on Friday reported a 158% year-on-year (YoY) surge in its Q1FY26 combined net earnings at Rs 2,184 crore as compared to Rs 845 crore posted in the year-ago duration.
The earnings is attributable to the owners of the business and was higher than the Streets price quote of Rs 2,039 crore.The businesss earnings from operations in the exact same period partially rose 0.5% YoY to Rs 43,147 crore versus Rs 42,943 crore in the year-ago period.The companys revenue after tax (PAT) increased 45% on a sequential basis versus Rs 1,503 crore reported in Q4FY25, while the topline fell nearly 4% from Rs 44,819 crore in the January-March quarter of FY25.The metal major and the Nifty constituent incurred costs of Rs 40,325 crore in Q1FY26, which was up from Rs 43,032 crore in Q4FY25 and Rs 41,715 crore in Q1FY25.Consolidated crude steel production for the quarter stood at 7.26 million tonnes, greater by 14% YoY, while the capability utilisation at the Indian operations was 87% throughout the Quarter versus 93% in Q4 FY25, affected by planned maintenance shutdowns.Live EventsThe steel sales numbers for the quarter under review stood at 6.69 million tonnes, greater by 9% YoY.
The institutional as well as retail sales volumes were higher by 12% YoY.
Domestic sales stood at 5.96 million tonnes, increased 12% YoY, while exports fell 20% YoY and constituted 7% of sales from the Indian operations for Q1 FY26.The operating EBITDA was reported at Rs 7,576 crores, with an EBITDA margin of 17.6% throughout the quarter.
The EBITDA increased by 37% YoY, driven mostly by higher volumes and lower coking coal costs.The company registered income from operations of 31,613 crores, lower by 3% YoY, while the signed up operating EBITDA of 5,585 crores for Q1FY26, greater by 31% YoY.
The EBITDA margin for the quarter was 17.7%.
The Company reporteda Profit after Tax of 2,178 crores for the quarter.Crude Steel Production for the Quarter was 5.34 million tonnes, higher by 1% on a YoY basis.
Steel Sales were 5.26 million tonnes for the Quarter, higher by 3% YoY.