JSW Steel Reports Record Q4 FY25 Steel Production, Up 12% YoY

JSW Steel achieved its highest-ever consolidated crude steel production in Q4 FY25, reaching 7.63 million tonnes (MT). This marks a 9% increase compared to Q3 FY25 and a 12% rise year-on-year (YoY).
Strong Growth in Indian Operations
The company’s Indian operations also recorded their highest-ever quarterly crude steel production at 7.40 MT, reflecting a 9% growth quarter-on-quarter (QoQ) and a 13% increase YoY. The capacity utilisation, excluding trial runs, stood at 93% for the quarter.
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Production Breakdown (in million tonnes – MT)
| Particulars | Q4 FY25 | Q3 FY25 | Q4 FY24 | QoQ Growth | YoY Growth |
| Indian Operations | 7.40* | 6.82 | 6.54 | 9% | 13% |
| JSW Steel USA – Ohio | 0.23 | 0.21 | 0.25 | – | – |
| Consolidated Production | 7.63 | 7.03 | 6.79 | 9% | 12% |
(Includes trial run production of 0.21 MT in Q4 FY25 vs. 0.12 MT in Q3 FY25.)
Expansion at Vijayanagar Steel Plant
JSW Steel is making significant progress in expanding its 5 MTPA integrated steel project at Vijayanagar through its subsidiary, JSW Vijayanagar Metallics Ltd. (JVML).
- The 4.5 MTPA Blast Furnace, Raw Material Handling System, and Sinter Plant were commissioned in Q2 FY25.
- One out of two Converters and Casters at the Steel Melt Shop was commissioned in Q3 FY25.
- Once fully ramped up, this project will increase Vijayanagar’s crude steel capacity to 17.5 MTPA, boosting JSW Steel’s total Indian operations crude steel capacity to 34.2 MTPA.
Full-Year Production Performance (FY25)
JSW Steel’s total steel production for FY25 showed steady growth compared to the previous year.
Annual Production Breakdown (in MT)
| Particulars | FY25 | FY24 | Growth % |
| Indian Operations | 26.98* | 25.55 | 6% |
| JSW Steel USA – Ohio | 0.81 | 0.87 | – |
| Consolidated Production | 27.79 | 26.42 | 5% |
| JSW Ispat Special Products (Merged from July 31, 2023) | – | 0.26 | – |
| Total Combined Volumes | 27.79 | 26.68 | 4% |
(Includes trial run production of 0.33 MT in FY25.)
About JSW Steel
JSW Steel is the flagship business of the US$ 24 billion JSW Group, a diversified conglomerate with interests in energy, infrastructure, cement, paints, real estate, e-platforms, mobility, defence, sports, and venture capital. The company has expanded from a single manufacturing unit to become India’s leading integrated steel producer, with a consolidated crude steel capacity of 35.7 MTPA, including 1.5 MTPA in the US.
As of April 7, 2025, at 2:29 PM IST, JSW Steel share price traded at ₹925.05, down 8.02% (-₹80.70). The stock opened at ₹906, hit a high of ₹959, and a low of ₹905.20. It has a market cap of ₹2.26 lakh crore, a P/E ratio of 68.56, and a dividend yield of 0.79%. The 52-week high and low stand at ₹1,074.90 and ₹823.80, respectively.
Conclusion
JSW Steel’s record-breaking Q4 FY25 production highlights its strong growth trajectory. With capacity expansion at Vijayanagar and an aim to reach 43.5 MTPA in the next three years, the company is set to strengthen its position as a global steel leader.
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Published on: Apr 7, 2025, 2:34 PM IST

Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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