JSWSTEEL

What JSW Steel promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 30 tracked 6 delivered 6 missed 18 open
  • Net Debt to EBITDA Comfort Level delivered said Q4 FY26 Promised: below 2.5x Q1 FY27: Net debt to EBITDA leverage dropped to 1.46x, well below the comfort level of 2.5x.
  • Q1 FY27 Coking Coal Cost Change missed said Q4 FY26 Promised: higher by $12 to $15 per ton Q1 FY27: Actual coking coal price increase was ~$17 per ton in Q1, which is higher than the guided range of $12 to $15 per ton.
  • India Capacity by FY31 revised up said Q3 FY26 Promised: 50+ million tonnes Q4 FY26: Guidance revised upwards and timeline extended. New target is 62 million tonnes by FY32 for JSW standalone.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 30 tracked commitments for JSW Steel — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens