JSW Steel Limited, one of India’s largest steelmakers, reported a sharp rise in consolidated net profit to INR 1,646 crore (USD 186.9 mln) for the second quarter of FY26, compared with INR 404 crore in the same period last year. Revenue increased nearly 14pct YoY to INR 45,152 crore (USD 5.1 bln).
The company attributed the improved performance to lower coking coal prices, reduced raw material consumption, and lower power costs supported by higher renewable energy use and efficiency gains. Consolidated crude steel production rose 17pct YoY to 7.9 mln tons, while steel sales grew 20pct to 7.34 mln tons.
The company noted that while global growth in 2025 has been resilient, the outlook for 2026 is more cautious due to geopolitical uncertainty and elevated tariffs. India remains a bright spot, with the Reserve Bank of India revising its FY26 GDP growth forecast to 6.8pct on strong domestic demand and easing monetary conditions. Domestic finished steel consumption rose 8.9pct YoY in Q2 to 40.56 mln tons, while crude steel output grew 13.8pct to 41.79 mln tons.
JSW Steel, the flagship of the USD 22 bln JSW Group, has an annual production capacity of 35.7 mln tons across India and the U.S.
1 USD / 88 INR
