JSW Steel reported a strong performance for the first quarter of FY26, with net profit more than doubling year-on-year to ₹21.84 billion, according to multiple reports. The sharp rise in profit was driven by improved margins and increased sales volumes, aided by supportive government measures such as a 12 per cent safeguard duty on select steel imports.
As per the company’s filing, crude steel production rose by 14 per cent year-on-year, reaching approximately 6.34 million tonnes during the April–June 2025 period. The improvement in profitability was attributed to better product mix, lower input costs, and enhanced operating efficiencies across its domestic plants.
A key factor contributing to the stronger margins was the imposition of the safeguard duty, which curbed low-cost imports from countries like China and Vietnam. This helped stabilise domestic steel prices and provided a level playing field for Indian producers. JSW also benefited from robust demand across infrastructure, automotive, and engineering sectors during the quarter.
The company has reaffirmed its capital expenditure commitment of ₹20,000 crore for FY26, with a focus on ongoing expansion projects at its Dolvi and Vijayanagar plants, as well as investments in downstream facilities and sustainability initiatives. Part of the capex will also go toward the integration of new technologies and debottlenecking existing operations to boost output efficiency.
JSW Steel’s management expressed confidence in maintaining a strong performance in the coming quarters, backed by steady domestic demand, government support for infrastructure, and continued export opportunities. However, it also acknowledged potential risks from global commodity price fluctuations and geopolitical uncertainties.
The earnings performance cements JSW Steel’s position as one of India’s top integrated steel producers and reflects positive momentum in the domestic steel industry.
