JSW Steel has demonstrated strong financial results for Q2 FY26, showcasing growth across key performance metrics. With significant year-on-year improvements in both production and profitability, the company continues to lead the steel industry in India. Here's an overview of the key highlights from their Q2 FY26 board outcome and financial results.
JSW Steel's consolidated revenue for Q2 FY26 stood at ₹45,152 crore, driven by strong domestic sales and an impressive 89% increase in export volumes. Crude steel production for the quarter was 7.90 million tonnes (mt), while saleable steel sales reached 7.34 mt. The company reported a robust EBITDA of ₹7,115 crore, with an adjusted EBITDA of ₹7,849 crore.
The adjusted EBITDA per tonne was ₹10,701, yielding an EBITDA margin of 17.4%. Profit After Tax (PAT) was ₹1,646 crore, with a slight increase in debt to ₹79,153 crore, resulting in a net debt to equity ratio of 0.93x.
In its Indian operations, JSW Steel reported an impressive 16% YoY growth in production, totalling 7.66 mt, and a 19% YoY increase in sales, amounting to 7.07 mt. Revenue from these operations reached ₹42,149 crore, with an adjusted EBITDA of ₹7,614 crore, translating to a margin of 18.1%.
The PAT for this segment increased by 113% YoY, although it saw a decline of 29% compared to the previous quarter. The company's capacity utilisation stood at 92%, reflecting a solid recovery from maintenance impacts in Q1.
For Q2 FY26, JSW Steel's standalone revenue amounted to ₹32,859 crore, with a PAT of ₹1,493 crore. The company saw a 16% increase in EBITDA, though it experienced a slight QoQ dip. The EBITDA margin stood at 16.6%, showcasing a solid operational performance. The standalone performance in the first half of FY26 (H1) was equally strong, with revenue of ₹64,472 crore and PAT of ₹3,671 crore.
JSW Steel continued to expand its capacity with ongoing projects such as the 30 MTPA slurry pipeline in Odisha, with commissioning expected by FY27. The company is also committed to energy transition with India’s first 25 MW green hydrogen electrolyser commissioned at its Vijayanagar plant.
The board also approved major renewable energy investments, including a 2.5 GW renewable capacity and 320 MWh battery storage, underscoring JSW Steel's commitment to sustainable operations.
Read More:Infosys Q2FY26 Earnings Results Out: Company Declares ₹23 Interim Dividend!
On October 17, 2025, JSW Steel share price opened at ₹1,175.00 on NSE, above the previous close of ₹1,172.10. During the day, it surged to ₹1,178.00 and dipped to ₹1,149.60. The stock is trading at ₹1,162.70 as of 3:19 PM. The stock registered a moderate decline of 0.80%.
Over the past week, it has moved up by 0.11%, over the past month, it has moved up by 3.71%, and over the past 3 months, it has moved up by 12.43%.
JSW Steel's performance in Q2 FY26 reflects its strong operational capabilities and strategic growth initiatives. The company has made notable progress across its production, sales, and profitability metrics, despite a challenging global environment. With ongoing capacity expansions and a focus on sustainability, JSW Steel is well-positioned for continued growth in the coming quarters.
Disclaimer:This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 17, 2025, 4:35 PM IST
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