JSW Steel Q1 result: Net Profit doubles to ₹4,696 crore; revenue jumps 10%

JSW Steel reported a sharp jump for the quarter ended June (Q1 FY27) on Friday, 17 July, with consolidated net profit more than doubling year-on-year to ₹4,696 crore, aided by higher revenue growth and improved operating performance.

The steelmaker had posted a net profit of ₹2,209 crore in the corresponding quarter of the previous financial year, according to its exchange filing.

Revenue from operations increased 9.8% year-on-year to ₹47,364 crore in Q1 FY27, compared with ₹43,147 crore a year earlier. Total income rose to ₹48,088 crore from ₹43,497 crore in the year-ago period.

Total expenses for the quarter stood at ₹41,830 crore, up from ₹40,325 crore in the corresponding quarter last year.

On the operational front, crude steel production grew 3% year-on-year to 6.59 million tonnes (MT) during the quarter, compared with 6.38 MT in Q1 FY26.

During the quarter, the company also commenced construction of its 2-million-tonne-per-annum steel plant in Andhra Pradesh, involving an investment of more than ₹16,350 crore, as part of its ongoing capacity expansion plans.

A part of the JSW Group, JSW Steel is one of India's largest integrated steel producers and continues to expand its manufacturing footprint to meet rising domestic steel demand.

JSW Steel, in an exchange filing, said its Board of Directors has approved the company's participation in the proposed initial public offering (IPO) of JSW One Platforms Ltd (JOPL) as a promoter selling shareholder. Under the proposal, JSW Steel plans to offer up to ₹811 crore of shares through an offer for sale (OFS), subject to regulatory approvals, market conditions, and other necessary clearances. The company added that the final issue price and other IPO-related details will be determined at a later stage in accordance with applicable SEBI regulations.

JSW Steel share price today closed 1.43% higher at ₹1,238.35 apiece on the BSE.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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