JSW Steel quarterly results

·Metal & MiningChart ›
Q2 FY27 · Jul–Sep 2026
₹ croreQ2 FY27Q2 FY26Change
Revenue54,48645,152+20.7%
EBITDA10,1207,115+42.2%
EBITDA margin18.6%15.8%+2.8 pts
Profit before tax6,7592,432+177.9%
Net profit5,3591,646+225.6%
EPS₹21.63₹6.66+224.8%

Every quarter

₹ crore except per share
Tap a line for its trendQ2 FY27Sep 2026Q1 FY27Jun 2026Q4 FY26Mar 2026Q3 FY26Dec 2025Q2 FY26Sep 2025Q1 FY26Jun 2025Q4 FY25Mar 2025Q3 FY25Dec 2024Q2 FY25Sep 2024Q1 FY25Jun 2024Q4 FY24Mar 2024Q3 FY24Dec 2023Earlier quartersAlpha Plus
54,48647,36451,18045,99145,15243,14744,81941,37839,68442,94346,26941,940
Earlier quartersEvery year the company has filed comes with Alpha Plus.
441724341273284350230147153164242194
54,92748,08851,52146,26445,43643,49745,04941,52539,83743,10746,51142,134
Expenses
26,91724,58620,62823,52523,92120,76222,77322,12321,96521,46324,54124,283
2,4431,8141,04271872255454910911671.0477232
817−2,2854,9731,288−1,363−179551258−9801,000534−4,135
1,3391,3061,3551,3051,3071,3181,1811,1491,2201,2481,1511,182
1,6021,7122,1682,3042,4132,2172,0942,1152,1302,0732,0621,996
2,2002,1372,1482,3622,5542,5372,4972,3362,2672,2092,1942,059
12,85012,56014,54812,65913,45013,11613,38712,16011,92613,65113,44213,198
48,16841,83046,86244,16143,00440,32543,03240,25038,64441,71544,40138,815
10,1209,3838,6346,4967,1157,5766,3785,5795,4375,5106,1247,180
7,9207,2466,4864,1344,5615,0393,8813,2433,1703,3013,9305,121
Profit
6,7596,2584,6592,1032,4323,1722,0171,2751,1931,3922,1103,319
0.00.017,888−5290.00.0−44.0−103−3420.00.00.0
6,7596,25822,5471,5742,4323,1721,9731,1728511,3922,1103,319
1,4151,2652,007391608793776149395448619653
2771991,127−1,34490.070.0−547310−10.065.071.0200
1,6921,4643,134−953698863229459385513690853
292−98.0−170−117−88.0−100−2436.0−62.0−12.0−98.0−16.0
5,3594,69619,2432,4101,6462,2091,5017194048671,3222,450
5,0674,79419,4132,5271,7342,3091,7447134668791,4202,466
−1,197818−843−374435−66.0−945−1,3912042,182882−352
4,1625,51418,4002,0362,0812,143556−6726083,0492,2042,098
5,2794,65116,3702,1391,6232,1841,5037174398451,2992,415
80.045.02,87327123.025.0−2.02.0−35.022.023.035.0
Per share
₹21.63₹19.05₹67.07₹8.76₹6.66₹8.95₹6.15₹2.94₹1.80₹3.47₹5.33₹9.92
₹21.59₹19.02₹66.94₹8.75₹6.64₹8.93₹6.14₹2.93₹1.80₹3.45₹5.31₹9.88
Other comprehensive income — detail
−1,197818−843−374435−66.0−945—————
−9281,134−94.0−48484.0−162−1,064−924−14.02,0901,225−288
−135163−13.0−68.0−1.0−33.0−154—————
———————−135191243145−34.0
−487−204−83410157975.0−50.0−709554453−258−119
−83.0−51.0−72.059.022912.0−15.0—————
———————−107145118−60.0−21.0
4,0815,46915,5271,7652,0582,118558−6746443,0272,1822,065
81.045.02,87327123.025.0−2.02.0−36.022.022.033.0
Per share — as-filed variants
₹21.63₹19.05₹67.07₹8.76₹6.66₹8.95₹6.15₹2.94₹1.80₹3.47₹5.33₹9.92
₹21.59₹19.02₹66.94₹8.75₹6.64₹8.93₹6.14₹2.93₹1.80₹3.45₹5.31₹9.88
Derived — gross profit (revenue − materials − purchases − Δ inventories)
24,30923,24924,53720,46021,87222,01020,94618,88818,58320,40920,71721,560
44.6%49.1%47.9%44.5%48.4%51.0%46.7%45.6%46.8%47.5%44.8%51.4%
Adjusted (ex-exceptional items) — derived
6,7596,2584,6592,1032,4323,1722,0171,2751,1931,3922,1103,319
0.00.017,888−5290.00.0−44.0−103−3420.00.00.0
5,3594,6963,8412,9391,6462,2091,5407825918671,3222,450
₹21.63₹19.05₹13.39₹10.68₹6.66₹8.95₹6.31₹3.20₹2.63₹3.47₹5.33₹9.92
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

JSWSTEEL₹1,241.20

JSW Steel Ltd.

· Metal & Mining
AnnualQuarterly₹ CrorePeersTATASTEELJINDALSTELSAILHINDALCOADANIENTHINDZINCVEDLNMDCMcap ₹3.03L Cr
View
In ₹ Crore except Per Share
3 Months Ending
Q3 FY24
31/12/2023
Q4 FY24
31/03/2024
Q1 FY25
30/06/2024
Q2 FY25
30/09/2024
Q3 FY25
31/12/2024
Q4 FY25
31/03/2025
Q1 FY26
30/06/2025
Q2 FY26
30/09/2025
Q3 FY26
31/12/2025
Q4 FY26
31/03/2026
Q1 FY27
30/06/2026
Q2 FY27
30/09/2026
Revenue from Operations41,940.046,269.042,943.039,684.041,378.044,819.043,147.045,152.045,991.051,180.047,364.054,486.0
Other Income194.0242.0164.0153.0147.0230.0350.0284.0273.0341.0724.0441.0
Total Income42,134.046,511.043,107.039,837.041,525.045,049.043,497.045,436.046,264.051,521.048,088.054,927.0
Expenses
+ Cost of Materials Consumed24,283.024,541.021,463.021,965.022,123.022,773.020,762.023,921.023,525.020,628.024,586.026,917.0
+ Purchases of Stock-in-Trade232.0477.071.0116.0109.0549.0554.0722.0718.01,042.01,814.02,443.0
+ Changes in Inventories-4,135.0534.01,000.0-980.0258.0551.0-179.0-1,363.01,288.04,973.0-2,285.0817.0
+ Employee Benefit Expense1,182.01,151.01,248.01,220.01,149.01,181.01,318.01,307.01,305.01,355.01,306.01,339.0
+ Finance Costs1,996.02,062.02,073.02,130.02,115.02,094.02,217.02,413.02,304.02,168.01,712.01,602.0
+ Depreciation & Amortisation2,059.02,194.02,209.02,267.02,336.02,497.02,537.02,554.02,362.02,148.02,137.02,200.0
+ Other Expenses13,198.013,442.013,651.011,926.012,160.013,387.013,116.013,450.012,659.014,548.012,560.012,850.0
Total Expenses38,815.044,401.041,715.038,644.040,250.043,032.040,325.043,004.044,161.046,862.041,830.048,168.0
EBITDA7,180.06,124.05,510.05,437.05,579.06,378.07,576.07,115.06,496.08,634.09,383.010,120.0
EBIT5,121.03,930.03,301.03,170.03,243.03,881.05,039.04,561.04,134.06,486.07,246.07,920.0
Profit
PBT before Exceptional Items3,319.02,110.01,392.01,193.01,275.02,017.03,172.02,432.02,103.04,659.06,258.06,759.0
+ Exceptional Items0.00.00.0-342.0-103.0-44.00.00.0-529.017,888.00.00.0
Pretax Income3,319.02,110.01,392.0851.01,172.01,973.03,172.02,432.01,574.022,547.06,258.06,759.0
+ Current Tax653.0619.0448.0395.0149.0776.0793.0608.0391.02,007.01,265.01,415.0
+ Deferred Tax200.071.065.0-10.0310.0-547.070.090.0-1,344.01,127.0199.0277.0
Tax Expense853.0690.0513.0385.0459.0229.0863.0698.0-953.03,134.01,464.01,692.0
+ Share of Associates & JVs-16.0-98.0-12.0-62.06.0-243.0-100.0-88.0-117.0-170.0-98.0292.0
Net Income2,450.01,322.0867.0404.0719.01,501.02,209.01,646.02,410.019,243.04,696.05,359.0
+ Net Income — Continuing Ops2,466.01,420.0879.0466.0713.01,744.02,309.01,734.02,527.019,413.04,794.05,067.0
+ Other Comprehensive Income-352.0882.02,182.0204.0-1,391.0-945.0-66.0435.0-374.0-843.0818.0-1,197.0
Total Comprehensive Income2,098.02,204.03,049.0608.0-672.0556.02,143.02,081.02,036.018,400.05,514.04,162.0
Net Income to Common2,415.01,299.0845.0439.0717.01,503.02,184.01,623.02,139.016,370.04,651.05,279.0
Minority Interest35.023.022.0-35.02.0-2.025.023.0271.02,873.045.080.0
Per Share
Basic EPS9.925.333.471.802.946.158.956.668.7667.0719.0521.63
Diluted EPS9.885.313.451.802.936.148.936.648.7566.9419.0221.59
Other Comprehensive Income — detail
+ Other Comprehensive Income—————-945.0-66.0435.0-374.0-843.0818.0-1,197.0
+ Items NOT to be Reclassified to P&L-288.01,225.02,090.0-14.0-924.0-1,064.0-162.084.0-484.0-94.01,134.0-928.0
+ Tax on Items NOT to be Reclassified—————-154.0-33.0-1.0-68.0-13.0163.0-135.0
+ Tax on Items NOT to be Reclassified — alt tag-34.0145.0243.0191.0-135.0———————
+ Items to be Reclassified to P&L-119.0-258.0453.0554.0-709.0-50.075.0579.0101.0-834.0-204.0-487.0
+ Tax on Items to be Reclassified—————-15.012.0229.059.0-72.0-51.0-83.0
+ Tax on Items to be Reclassified — alt tag-21.0-60.0118.0145.0-107.0———————
Comprehensive Income — Owners of Parent2,065.02,182.03,027.0644.0-674.0558.02,118.02,058.01,765.015,527.05,469.04,081.0
Comprehensive Income — Non-controlling Interests33.022.022.0-36.02.0-2.025.023.0271.02,873.045.081.0
Per Share — as-filed variants
Basic EPS — Continuing Operations9.925.333.471.802.946.158.956.668.7667.0719.0521.63
Diluted EPS — Continuing Operations9.885.313.451.802.936.148.936.648.7566.9419.0221.59
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit21,560.020,717.020,409.018,583.018,888.020,946.022,010.021,872.020,460.024,537.023,249.024,309.0
Gross Margin %51.4144.7847.5346.8345.6546.7351.0148.4444.4947.9449.0944.62
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)3,319.02,110.01,392.01,193.01,275.02,017.03,172.02,432.02,103.04,659.06,258.06,759.0
− Exceptional Items (reconciliation)0.00.00.0-342.0-103.0-44.00.00.0-529.017,888.00.00.0
Net Income Adj (tax-effected)2,450.01,322.0867.0591.3781.71,539.92,209.01,646.02,939.03,841.44,696.05,359.0
EPS Adj9.925.333.472.633.206.318.956.6610.6813.3919.0521.63
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value1.001.001.001.001.001.001.001.001.001.001.001.00
Filed Debt Equity1.001.001.001.001.001.171.151.151.120.910.610.58
Filed Dscr2.001.001.002.002.002.701.792.151.673.130.713.48
Filed Iscr4.003.003.003.003.003.223.783.253.025.087.088.89
Paid Up Equity Capital244.0244.0244.0244.0244.0244.0244.0244.0244.0244.0244.0244.0
As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

JSW Steel Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 23 October 2026 at 2:53 pm IST

JSW Steel (NSE: JSWSTEEL) reported its Q2 FY27 results (July–September 2026) on Friday, 23 October 2026 at 2:53 pm IST. Consolidated net profit attributable to shareholders was ₹5,279 crore, up 225.3% from ₹1,623 crore in Q2 FY26 and up 13.5% from ₹4,651 crore in Q1 FY27. Revenue from operations was ₹54,486 crore, up 20.7% year on year and up 15.0% from the previous quarter.

Q2 FY26 results (a year earlier)
17 October 2025
Q3 FY27 results due by
14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders')
₹5,279 Cr+225.3% vs Q2 FY26+13.5% vs Q1 FY27Total incl. minority interest ₹5,359 Cr
Revenue from operations
₹54,486 Cr+20.7% vs Q2 FY26+15.0% vs Q1 FY27
Operating margin (EBIT)
14.5%+4.4 pts vs Q2 FY26−0.8 pts vs Q1 FY27EBIT ₹7,920 Cr
EBITDA
₹10,120 Cr+42.2% vs Q2 FY26+7.9% vs Q1 FY27margin 18.6%
Earnings per share (basic)
₹21.63+224.8% vs Q2 FY26+13.5% vs Q1 FY27
Net profit margin
9.7%+6.1 pts vs Q2 FY26−0.1 pts vs Q1 FY27

Questions

What was JSW Steel's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹5,279 crore, up 225.3% from ₹1,623 crore in Q2 FY26 and up 13.5% from ₹4,651 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹5,359 crore.

How were JSW Steel's Q2 FY27 results?

Both grew from a year earlier: net profit was up 225.3% at ₹5,279 crore and revenue was up 20.7% at ₹54,486 crore. The operating margin was 14.5%, up 4.4 percentage points from 10.1% a year earlier. Against Q1 FY27, net profit was up 13.5% and revenue up 15.0%.

What was JSW Steel's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹22,316 crore in FY26 (April 2025–March 2026), up 536.9% from ₹3,504 crore in FY25. It was ₹8,812 crore in FY24 and ₹4,144 crore in FY23: up 438.5% over three years, 75.3% a year on average.

What was JSW Steel's revenue in Q2 FY27?

Revenue from operations was ₹54,486 crore, up 20.7% year on year and up 15.0% from the previous quarter.

What was JSW Steel's EPS in Q2 FY27?

Basic earnings per share were ₹21.63, against ₹6.66 in Q2 FY26.

What is JSW Steel's net profit margin?

JSW Steel's net profit margin was 9.7% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 3.6% in Q2 FY26 (up 6.1 percentage points). For FY26 as a whole it was 12.0%.

What was JSW Steel's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹7,920 crore, a margin of 14.5%, against 15.3% in Q1 FY27 and 10.1% in Q2 FY26. EBITDA was ₹10,120 crore, 18.6% of revenue.

What was JSW Steel's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹9,930 crore, up 160.8% from ₹3,807 crore in the same months a year earlier. Revenue from operations was ₹1,01,850 crore, up 15.3%.

What was JSW Steel's revenue in FY26?

Revenue from operations was ₹1,85,470 crore in FY26 (April 2025–March 2026), up 9.9% from ₹1,68,824 crore in FY25. It was ₹1,75,006 crore in FY24 and ₹1,65,960 crore in FY23: up 11.8% over three years, 3.8% a year on average.

How has JSW Steel's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹2,139 crore in Q3 FY26, ₹16,370 crore in Q4 FY26, ₹4,651 crore in Q1 FY27 and ₹5,279 crore in Q2 FY27. That is ₹28,439 crore over the four quarters, up 371.9% from ₹6,027 crore in the four quarters before. Revenue from operations: ₹45,991 crore, ₹51,180 crore, ₹47,364 crore and ₹54,486 crore.

When did JSW Steel announce its Q2 FY27 results?

On Friday, 23 October 2026 at 2:53 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 17 October 2025.

When will JSW Steel announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these JSW Steel figures come from?

From JSW Steel's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.