JSW Steel Q4 Results: Profit jumps on exceptional gain; revenue rises 14%

JSW Steel reported a strong set of Q4FY26 results, with consolidated profit after tax surging sharply on the back of exceptional gains, while revenue and operating performance also improved during the quarter.

The company reported consolidated revenue from operations of ₹51,180 crore in Q4FY26, up 14% year-on-year from ₹44,819 crore in the corresponding quarter last year. EBITDA for the quarter stood at ₹8,634 crore, rising 35% YoY from ₹6,378 crore, while EBITDA margin improved to 19% from 14.2% a year ago.

Adjusted EBITDA came in at ₹9,713 crore, up 50% YoY, with adjusted EBITDA margin at 19%.

Profit after tax for the quarter jumped to ₹19,243 crore compared to ₹1,878 crore in Q4FY25. However, the company clarified that the quarterly profit included an exceptional gain of ₹17,888 crore, including ₹18,051 crore gain on the slump sale of the BPSL steel undertaking.

On a normalised basis, excluding exceptional items, PAT stood at ₹3,475 crore for Q4FY26.

JSW Steel reported its highest-ever quarterly saleable steel sales at 7.97 million tonnes during the quarter, up 6% YoY and 4% sequentially. Domestic sales also hit a record 7.09 million tonnes, rising 6% YoY.

The company said consolidated crude steel production for the quarter stood at 7.49 million tonnes, marginally higher sequentially but down 2% YoY.

For the full financial year FY26, JSW Steel reported revenue from operations of ₹1,85,470 crore, while reported EBITDA stood at ₹29,821 crore. Adjusted EBITDA came in at ₹32,048 crore and normalised PAT stood at ₹8,698 crore.

The board has recommended a dividend of ₹7.1 per equity share of face value ₹1 each for FY26, subject to shareholder approval at the upcoming AGM. The total dividend outflow is expected to be around ₹1,736 crore.

Looking ahead, the company guided consolidated crude steel production of 29.75 million tonnes and saleable steel sales of 28.60 million tonnes for FY27.

JSW Steel also highlighted that India’s steel demand remained resilient, supported by infrastructure spending, auto demand and easing imports after safeguard duty measures. The company added that geopolitical tensions and rising energy commodity prices continue to remain key global risks for the sector.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.