JSWSTEEL JSW Steel Q2 FY26 results (Jul–Sep 2025) and concall
JSW Steel delivered record Q2 FY26 results with highest-ever quarterly production and VASP sales amid seasonally weak monsoon quarter. Indian steel demand grew 8.9% YoY. JVML ramp-up and BPSL post-expansion drove strong volume growth. Management guided for H2 price improvement in November-December with coking coal cost up $3-5 QoQ. Board approved EAF project at Kadapa and CRGO expansion. Rs.69,000 crore capex planned over next 3.5 years at ~Rs.20,000 crore/year.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 41,378 | 44,819 | 43,147 | 45,152 |
| EBITDA | 5,579 | 6,135 | 7,476 | 7,027 |
| Net profit | 719 | 1,501 | 2,209 | 1,646 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
