JSW Steel Q1 profit surges 112.6% to ₹4,696 crore
after close1 source ↓written by the desknot a recommendation
- 112.6% YoY
- Operating EBITDA increased
- 23.8% YoY
- ₹9,383 crore
- with margins
- 19.8%
- for its subsidiary
- ₹811 crore IPO sale
JSW Steel reported a Q1 FY27 net profit of ₹4,696 crore, up 112.6% YoY, surpassing market expectations. Operating EBITDA increased 23.8% YoY to ₹9,383 crore, with margins at 19.8%. The board also approved an ₹811 crore IPO sale for its subsidiary, JSW One Platforms, enhancing its growth strategy. 📈
This strong performance reflects robust domestic demand and effective pricing strategies, potentially boosting investor sentiment in the steel sector.
Not investment advice. For informational purposes only.