JSW Steel Ltd
NSE:JSWSTEEL

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JSW Steel Ltd
NSE:JSWSTEEL
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Price: 1 125.5 INR 1.82% Market Closed
Market Cap: 2.7T INR

JSW Steel Ltd
Investor Relations

In the vast landscape of the Indian steel industry, JSW Steel Ltd. has carved a significant narrative marked by ambitious expansions and strategic acquisitions. Founded in 1982, this Mumbai-based company is a part of the larger JSW Group, a conglomerate with interests spanning energy, infrastructure, cement, and more. JSW Steel leverages its robust production capacity with an extensive network spanning the breadth of India and forging connections across continents. As one of the largest steel manufacturers in India, the company has expanded its footprint from its integrated steel plant in Vijayanagar to numerous other locations, ensuring a vast production capacity of various steel products. This vast network not only bolsters JSW Steel’s ability to meet the domestic demand but also fortifies its standing on the global stage.

At the heart of JSW Steel's business model lies the integration of its operations, from the raw material phase to the finished product, which ensures efficiency and cost effectiveness. With a product portfolio that spans hot-rolled and cold-rolled coils, galvanized sheets, and various value-added steel products, the company serves an eclectic mix of sectors, including construction, automotive, infrastructure, and energy. Its ability to innovate and invest in state-of-the-art technology has allowed JSW Steel to optimize production processes and consistently improve product quality, keeping them in step with modern demands. The company’s profitability hinges on its well-executed strategy of vertical integration and its nimble responsiveness to market trends, thereby ensuring a sturdy revenue stream even amidst the cyclical nature of the steel industry.

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JSWSTEEL
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 17, 2025
AI Summary
Q2 2026

Record Production: JSW Steel delivered its highest-ever quarterly consolidated crude steel production at 7.9 million tonnes, up 17% year-over-year and 9% quarter-over-quarter.

Robust Sales: Steel sales hit a record 7.34 million tonnes, growing 20% year-over-year and 10% quarter-over-quarter, driven by strong domestic demand.

Solid Financials: Consolidated operating EBITDA reached INR 7,849 crores with a margin of 17.4%; consolidated PAT rose to INR 1,646 crores from INR 404 crores a year ago.

Cost Tailwinds: Iron ore prices are expected to decline in Q3, while coking coal costs may increase by $3–5 per tonne.

Guidance Maintained: Management expects a seasonally strong second half, with improving prices and volume growth; full-year production and sales guidance reaffirmed.

Major CapEx Plans: CapEx of INR 69,000 crores over 3.5 years planned, with annual spending around INR 20,000 crores, funded mainly through internal accruals.

Renewables & Sustainability: Commissioned India’s first 25 MW green hydrogen electrolyzer and continued ramp-up of renewable energy capacity.

Market Outlook: India remains the fastest-growing major steel market; management is optimistic about demand but will closely monitor import/export trends and trade policy developments.

Key Financials
Crude Steel Production
7.9 million tonnes
Steel Sales
7.34 million tonnes
Domestic Sales
6.33 million tonnes
VASP Sales
4.31 million tonnes
Consolidated Revenue
INR 45,152 crores
Operating EBITDA (adjusted)
INR 7,849 crores
EBITDA Margin
17.4%
EBITDA per tonne
INR 10,701
Consolidated PAT
INR 1,646 crores
Net Debt
INR 79,153 crores
JSW One GMV
INR 3,950 crores
CapEx (Q2)
INR 3,135 crores
CapEx (H1)
INR 6,535 crores
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sajjan Kumar Jindal B.E.
Non Independent Executive Chairman & MD
No Bio Available
Mr. Jayant Acharya
CEO, Joint MD & Whole-Time Director
No Bio Available
Mr. Gajraj Singh Rathore BE, MET
COO, President of Dolvi & Whole-time Director
No Bio Available
Mr. Swayam Saurabh
Chief Financial Officer
No Bio Available
Mr. Ashwin Shivkumar Bajaj
Group Head of Investor Relations
No Bio Available
Mr. Biswadip Gupta
President of Corporate Affairs - East
No Bio Available
Mr. Vinay Shroff
Chief Marketing Officer
No Bio Available
Mr. Dilip Pattanayak
President and CHRO - Steel & Corporate
No Bio Available
Mr. Ashok Kumar Aggrawal
President of Business Development
No Bio Available
Mr. P. R. Kole B.Com, CA, LLB
Senior Vice President of Finance & Accounts
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Jindal Mansion,, 5 A, G. Deshmukh Marg,
Contacts
+912223513000
www.jsw.in