JSW Steel Q1 FY27: Revenue ₹47,364 Cr, EBITDA ₹9,383 Cr, Net Profit ₹4,696 Cr
JSW Steel reported Q1 FY27 results with Revenue from Operations at ₹47,364 crore, EBITDA at ₹9,383 crore, and Net Profit of ₹4,696 crore. Crude steel production rose 3% YoY to 6.59 mt, and sales increased 4% YoY to 6.25 mt. The company received ₹7,875 crore from JFE for its JV and saw credit rating upgrades.
The announcement includes significant financial performance metrics, major corporate actions like JV funding, and credit rating upgrades, all of which have a substantial impact on the company's valuation and investor perception.
The company reported strong financial results with increased revenue, production, and sales. Key corporate actions like JV investments and credit rating upgrades further contribute to a positive sentiment.
JSW Steel Limited has announced its financial results for the quarter and year ended June 30, 2026. The company reported a Revenue from Operations of ₹47,364 crore for Q1 FY27. Reported EBITDA stood at ₹9,383 crore, with Adjusted EBITDA at ₹9,373 crore. Net Profit for the quarter was ₹4,696 crore.
Operational highlights include a capacity utilization of 94% in India (excluding Vijayanagar BF-3 shutdown) and consolidated crude steel production of 6.59 million tonnes (mt), a 3% year-on-year increase. Consolidated steel sales were 6.25 mt, up 4% YoY, with flats sales showing a 9% YoY increase due to better demand and pricing.
Key corporate developments include the receipt of the second tranche of ₹7,875 crore equity investment from JFE for the JSW JFE JV on June 30, 2026. The Vijayanagar BF-3 upgradation and expansion to 4.5 mtpa is complete and ramping up, while the groundbreaking ceremony for the 1 mtpa EAF at Kadapa took place on July 3, 2026. The company also saw credit rating upgrades from Fitch (BB to BB+) and CARE Ratings (AA to AA+).
The company's strategic priorities include enhancing its value-added product portfolio, achieving cost leadership through resource optimization, and maintaining a strong financial profile with improved leverage ratios. Net Debt to Equity stands at 0.42x and Net Debt to EBITDA at 1.46x. The company has a deleveraging of approximately ₹37,000 crore following the JSW JFE JV transaction.
JSW Steel is also focused on sustainability, targeting net neutrality in carbon emissions by 2050 and a 42% reduction in CO2 emissions by FY30. The company is increasing its use of scrap in steelmaking and adopting disruptive technologies. Progress updates include the SEED project delivering cumulative emissions reduction and increased scrap utilization.
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JSW Steel Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Steel Limited. Read the original for the full detail.