The steel major reported 11% YoY growth in its Q3FY26 revenue at Rs 45,991 crore compared to Rs 41,378 crore over the corresponding period of the last financial year.
The company’s profit after tax (PAT) increased 32% on a sequential basis versus Rs 1,623 crore in Q2FY26 while its topline witnessed a 2% quarter-on-quarter rise versus Rs 45,152 crore in the October-December quarter.
JSW Steel’s board of directors today approved the formation of a joint venture company between its wholly-owned subsidiary Peddar Realty Limited and JSW Realty Private Limited (JSWRPL). The joint venture company will participate in bidding for the acquisition of a certain identified land parcel in Mumbai for the development of office, commercial space, etc.
The company’s crude steel production in Q3FY26 stood at 7.48 million tonnes while it reported its highest ever quarterly saleable steel sales of 7.64 million tonnes.
The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at 6,496 crores while adjusted EBITDA stood at Rs 6,620 crores.
The net debt-to-equity stood at 0.92X and net debt-to-EBITDA at 2.91X.The company said that the 6% YoY uptick in its consolidated crude steel production for Q3 FY26 was driven by the ramp-up of the JVML-Vijayanagar project. However, production fell 5% QoQ due to the shutdown of Blast Furnace3 (BF-3) at Vijayanagar from the end of September 2025 for upgradation of capacity.
The consolidated sales were the highest ever at 7.64 million tonnes, up 14% YoY on the back of healthy domestic demand. Domestic sales stood at 6.59 million tonnes, reflecting an increase of 10% YoY. Exports at 0.84 million tonnes, increased by 53% YoY, contributing 11% to the sales from the Indian operations for Q3 FY26. Retail sales volumes were up 12% YoY.