JSWSTEEL JSW Steel Q4 FY26 results (Jan–Mar 2026) and concall
JSW Steel reported a transformational Q4 FY26, achieving record revenues and significantly deleveraging its balance sheet with net debt falling to ₹54,000 crores and leverage at 1.81x. The company announced an ambitious capacity target of 62 million tonnes by FY32, supported by strategic joint ventures with JFE Steel and POSCO. While Q1 FY27 is expected to see higher coking coal and overall production costs, management anticipates price recovery to maintain margins.
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What they filed
Q4 FY26: revenue up 14.2%, net profit up 1182.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 41,378 | 44,819 | 43,147 | 45,152 | 45,991 +11% | 51,180 +14% |
| EBITDA | 5,579 | 6,135 | 7,476 | 7,027 | 6,379 +14% | 8,464 +38% |
| Net profit | 719 | 1,501 | 2,209 | 1,646 | 2,410 +235% | 19,243 +1182% |
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.
