JSW Steel Rallies as Q1 Profit More Than Doubles
JSW Steel shares hit a day high of Rs 1,243.90 on the NSE on 17 July 2026 after Q1 profit more than doubled, beating analyst estimates. JSW Steel’s consolidated net profit came in at Rs 4,696 crore for the quarter, more than double the Rs 2,209 crore reported in the... The post JSW Steel Rallies as Q1 Profit More Than Doubles appeared first on Equitypandit.
JSW Steel shares hit a day high of Rs 1,243.90 on the NSE on 17 July 2026 after Q1 profit more than doubled, beating analyst estimates.
JSW Steel’s consolidated net profit came in at Rs 4,696 crore for the quarter, more than double the Rs 2,209 crore reported in the same period last year. This easily topped the poll estimate of Rs 3,550 crore.
Revenue also grew well, rising 9.8% to Rs 47,364 crore. A big part of this growth came from the company simply selling more steel at better prices.
Operating profit, or EBITDA, jumped 24% to Rs 9,383 crore, and margins improved to nearly 20% from around 17.5% a year ago. Higher other income, which nearly doubled to Rs 724 crore, added further support to the bottom line.
On the production side, the company made 6.59 million tonnes of crude steel during the quarter, up 3% from last year.
Steel sales touched a record 6.25 million tonnes for any June quarter, helped by strong demand from sectors like automobiles, renewable energy and appliances.
The company also used this quarter to clean up its balance sheet. Net debt fell by Rs 7,713 crore compared to March, bringing the debt to equity ratio down to 0.42 times from 0.51 times earlier.
In a separate but related update, JSW Steel’s board approved the company’s participation in the upcoming IPO of JSW One Platforms, its digital B2B commerce arm.
As part of this, JSW Steel plans to sell shares worth up to Rs 811 crore through an offer for sale, while still holding on to a stake in the platform.
By the end of the trading session, the stock settled well above its earlier close. JSW Steel shares closed at Rs 1,237.30 on the NSE, up 1.33% from the previous close of Rs 1,221.00.
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