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JSW Steel Profit Soars Amid Higher Sales
23 Jan
Summary
- JSW Steel's profit nearly tripled year-on-year to 21.39 billion rupees.
- Sales volume increased 14% due to strong domestic demand.
- Government's three-year import tariff provides sector protection.
JSW Steel announced a substantial increase in its third-quarter consolidated net profit, which nearly tripled year-on-year to 21.39 billion rupees for the period ending December 31, 2025. This performance exceeded analyst expectations, largely driven by a 14% rise in sales volume.
The Mumbai-based steelmaker benefited from healthy domestic demand, with its consolidated crude steel production also seeing a 6% rise. Revenue from operations grew by 11.1% to 459.91 billion rupees, surpassing forecasts.
While steel prices faced pressure due to supply outpacing demand, a recent rebound since December, supported by a new three-year safeguard duty on select steel products, is expected to benefit the sector. The government's measure aims to curb imports and offer long-term protection to domestic manufacturers.
