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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.
JSW Steel has revised its capital expenditure guidance for FY2026, now projecting 150 billion rupees to 160 billion rupees, down from the previous 200 billion rupees. The company's shares closed 1.2% lower prior to the results announcement.
