JSW Steel Q3 net profit skyrockets 198% to ₹2,139 crore; EBITDA up 16%
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JSW Steel on Friday reported a stellar 198.33% year-on-year (YoY) surge in its consolidated net profit (attributable to owners) at ₹2,139 crore for the quarter ended December 31, 2025. The country’s leading steel producer had reported a profit of ₹717 crore in the corresponding quarter of the previous fiscal year.
Revenue and operating performance
The company’s consolidated revenue from operations increased by 11.1% to ₹45,991 crore during Q3 FY26, compared to ₹41,378 crore reported in Q3 FY25. This growth was supported by robust domestic demand and optimised operational efficiencies.
The third quarter also saw a healthy 16.4% surge in the company’s consolidated EBITDA, which reached ₹6,496 crore. The EBITDA margin improved to 14.12% against 13.48% in the same period last year, indicative of better cost management despite fluctuating raw material prices.
Exceptional items and standalone performance
On a standalone basis, JSW Steel reported a net profit of ₹757 crore. The standalone results were impacted by an exceptional item of ₹338 crore. This provision was made following the notification of new labour codes on November 21, 2025, which led to an increase in employee benefit obligations.
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Acquisitions and mergers
On December 3, 2025, JSW Steel completed the 100% acquisition of Saffron Resources Private Limited for a consideration of ₹681 crore. Additionally, the Board has approved the merger of several subsidiaries—including Amba River Coke, Monnet Cement, and JSW Retail and Distribution—into JSW Steel to streamline operations.
The company maintained a stable balance sheet with a standalone debt-equity ratio of 0.77. Its inventory turnover stood at 84 days, while trade receivables turnover was maintained at 17 days.
The shares of JSW Steel ended 1.60% lower at ₹1,165.40 on the national stock exchange on Friday. The company's stock has surged over 25% in the past one year, while the benchmark Nifty 50 index has risen close to 8% during the period.