JSW Steel Q1 results declared that the consolidated net profit increased by 155% YoY to ₹2,209 crores in the first quarter of the financial year 2025-26. On the results date, 18th July 2025, JSW Steel share price closed with a slight rise of 0.02% at ₹1,034.
In this blog, we’ll get into the details of JSW Steel quarterly results, including its revenue, international sales, and distribution network.
JSW Steel Q1 Results FY26: Revenue and EBITDA
- JSW Steel consolidated revenue from operations increased marginally by 0.48% YoY to ₹43,147 crores in FY26. The lower net sales realization has weighed on the higher volumes.
- The operating EBITDA stood at ₹7,576 crores, a jump of 37.50% on YoY basis in Q1 FY26.
- The diluted EPS increased by 158.84% YoY to ₹8.93 as mentioned in the JSW Steel Q1 results.
- The net debt-to-equity ratio rose sharply to 3.20 in the Q1 FY26 from 0.97 in the Q1 of FY25.
- Highlighting its long-term performance, JSW Steel share price has generated 400% returns in the last 5 years.
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| Particulars (in ₹ Cr) | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 43,147 | 42,943 | 0.48% |
| Operating EBITDA | 7,576 | 5,510 | 37.50% |
| Profit After Tax | 2,209 | 867 | 154.79% |
| Diluted EPS (in ₹) | 8.93 | 3.45 | 158.84% |
JSW Steel Q1 Results FY26: Other Highlights
- Crude Steel Volume: In the Q1 FY26, the consolidated crude steel production volume was at 7.26 MT, a growth of 14% YoY due to the ramp-up of new capacities at BPSL and JVML Vijayanagar.
- Total Volume: JSW Steel Q1 results reported that the total sales volumes were at 6.69 MT, a jump of 9% YoY on higher production but down 11% QoQ due to seasonality factors.
- Cost: Indian operations of JSW Steel benefited from cheaper coking coal prices, but were impacted by the higher fuel consumption due to shutdowns. The Euro appreciation against the Indian rupee led to an extra payment of ₹343 crores on foreign currency loans.
- US Operations: Revenue from the US operations (sales) increased by 15% YoY to $172.93 million in Q1 FY26 from $149.85 million in Q1 FY25.
- Italy Operations: Revenue from the Italy operations also rose by 14% YoY to €85.38 million in Q1 FY26 from €74.98 million in Q1 FY25.
JSW Steel Q1 Results: Retail Sales and Store Count
- The retail segment sales in India (including branded products) increased by 12% YoY to 2,126 KT in Q1 FY26.
- JSW Steel is present through 20,100 retail stores across 1,909 towns in India.
- With a total distribution network of 2,893 touchpoints, the company added 44 branded stores in new towns and 30 in existing towns in India in this quarter.
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