JSW Steel announced strong Q2 FY26 results, with revenue from operations reaching ₹45,152 crore. Adjusted EBITDA stood at ₹7,849 crore. The company achieved 92% capacity utilization in India and increased crude steel production by 17% YoY. Key developments include the Supreme Court’s favorable BPSL ruling and expansion plans for CRGO Electrical Steel.
Financial Performance Highlights
JSW Steel reported a robust financial performance for Q2 FY26:
- Revenue from Operations:₹45,152 crore
- Reported EBITDA:₹7,115 crore; Adjusted EBITDA: ₹7,849 crore
- Net Profit:₹1,646 crore
- Net Debt to Equity:0.93x; Net Debt to EBITDA: 2.97x
Operational Performance
Key operational achievements in Q2 FY26 include:
- India capacity utilisation of 92%
- Consolidated crude steel production: 7.90mt (up 17% YoY)
- Consolidated steel sales: 7.34mt (up 20% YoY); Domestic sales up 14% YoY
Key Corporate Developments
Several strategic developments marked the quarter:
- BPSL: The Supreme Court upheld the NCLAT order approving JSW Steel’s resolution plan.
- CRGO Electrical Steel Expansion: Nashik facility expanding from 50ktpa to 250ktpa; Vijayanagar facility enhanced from 62ktpa to 100ktpa.
- Illawarra Coking Coal Mines: Entered into definitive agreements to acquire an additional 10% stake, bringing the total stake to 30%.
- Awarded Star Employment Award for generating highest employment opportunities in Odisha.
Sustainability Initiatives
JSW Steel continues to focus on sustainability, targeting Net Neutrality in carbon emissions by 2050. The company is also working towards waste reduction and improved water management.
Project Updates
Key projects are progressing, including the 5mtpa expansion at JVML-Vijayanagar and the Dolvi Phase-III expansion.
Digital Transformation
JSW Steel is leveraging AI-powered transformation across functions, including manufacturing efficiencies and improved safety.
Source: BSE