JSW Steel Share Price Surges as Q1 FY27 Net Profit Jumps 113%; Revenue Rises 9.8%

JSW Steel reported a consolidated net profit of ₹4,651 crore for the quarter ended June 2026, against ₹2,184 crore in the same quarter last year. The company's profit increased 113% on a year-on-year basis, as per the exchange filings. 

Consolidated revenue from operations stood at ₹47,364 crore in Q1 FY27, compared with ₹43,147 crore a year ago, registering a 9.8% increase. 

Steel Production 

Consolidated crude steel production during the quarter was 6.59 million tonnes, up from 6.40 million tonnes in Q1 FY26. The increase in production was 3% year-on-year. 

Profit before exceptional items and tax came in at ₹6,160 crore, compared with ₹3,072 crore in the corresponding quarter of the previous financial year. This was an increase of 100.5%. 

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Quarter-on-Quarter Comparison 

Compared with the March 2026 quarter, consolidated revenue declined 7.5%. Net profit was down 71.6% on a sequential basis. 

According to the company, the March quarter included an exceptional gain from the slump sale of Bhushan Power and Steel (BPSL). Because of this one-time item, the sequential comparison is not directly comparable. Profit before exceptional items and tax was 37.2% higher than the previous quarter. 

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JSW Steel Share Price Performance  

As of July 20, 2026, 3:30 pm, JSW Steel share price closed at ₹1,253.40, up 1.30% from the previous closing price. 

Conclusion  

The June 2026 quarter recorded higher revenue, profit and steel production than the corresponding quarter last year. Sequentially, reported revenue and net profit were lower due to the exceptional gain booked in the March quarter.  

Excluding exceptional items, profit before tax increased over both the year-ago quarter and the preceding quarter. The company produced 6.59 million tonnes of crude steel during the quarter while consolidated revenue remained above ₹47,000 crore. 

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