JSW Steel Q1 FY27 Net Profit Attributable to Owners Surges 113% YoY to ₹4,651 Crore

Indian steel manufacturing giant JSW Steel Limited (NSE: JSWSTEEL; BSE: 500228) today reported its unaudited consolidated financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The flagship company of the JSW Group clocked a phenomenal triple-digit year-on-year growth in its bottom-line numbers, propelled by robust volume sales and improved operational execution.

For the quarter ended June 30, 2026, the net profit attributable to the owners of the company surged by 113.0% to ₹4,651 crore, up from ₹2,184 crore posted in the corresponding quarter of the previous fiscal year (Q1 FY26). On a sequential basis, net profit adjusted lower from ₹16,370 crore registered in the preceding quarter (Q4 FY26), which was highly elevated due to a significant one-time exceptional tax credit gain of ₹17,888 crore.

Total Revenue Closes Near ₹48,100 Crore

The structural domestic infrastructure demand and a rise in manufacturing volumes provided strong tailwinds to the company's macro top-line performance:

Gross Sales: Consolidated revenue from gross sales grew to ₹46,662 crore in Q1 FY27, up 9.9% relative to ₹42,460 crore recorded in Q1 FY26.

Total Revenue from Operations: Factoring in other operating revenues of ₹702 crore, total revenue from operations touched ₹47,364 crore compared to ₹43,147 crore year-on-year.

Total Income: With non-operational income scaling to ₹724 crore (up from ₹350 crore in the base quarter), aggregate consolidated top-line revenue finished at ₹48,088 crore.

Expense Analysis and Asset Efficiencies

The company's aggregate expenditure for the quarter checked in at ₹41,830 crore, up slightly from ₹40,325 crore in Q1 FY26. A detailed analysis of manufacturing outlays highlights:

Raw Material & Inventories: Cost of materials consumed grew to ₹24,586 crore from ₹20,762 crore year-on-year. This was balanced by a strategic shift in inventory management, resulting in an internal inventory addition adjustment of ₹(2,285) crore during the quarter.

Energy & Mining Metrics: Power and fuel costs remained highly stable at ₹4,116 crore against ₹4,125 crore in the year-ago quarter. Mining premium and royalties took up ₹1,835 crore.

Finance Costs & Capital Depreciations: Interest outlays dropped substantially to ₹1,712 crore from ₹2,217 crore in Q1 FY26, showcasing aggressive debt reduction efficiencies. Depreciation charges checked in at ₹2,137 crore against ₹2,537 crore.

Consolidated profit before exceptional items and tax rose by 100.5% to ₹6,160 crore compared to ₹3,072 crore in the base quarter. Total tax provisions for the period stood at ₹1,464 crore, consisting of a current tax outgo of ₹1,265 crore and a deferred tax provisioning of ₹199 crore.

Earnings Per Share (EPS): Mirroring the robust expansion in absolute profits, the basic Earning Per Share (non-annualized) expanded to ₹19.05 per share, up significantly from ₹8.95 in Q1 FY26. Diluted EPS for the quarter stood at ₹19.02.

Non-Controlling Stakes: Profit attributed to non-controlling interest shares was logged at ₹45 crore for the quarter under review.

Shares of JSW Steel Limited was last trading in BSE at Rs. 1238.35 as compared to the previous close of Rs. 1220.95. The total number of shares traded during the day was 87591 in over 6618 trades.

The stock hit an intraday high of Rs. 1242.90 and intraday low of 1217.70. The net turnover during the day was Rs. 108120047.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 Q1FY27 Q1FY2027 ResultUpdate