8 months ago
JSW Steel Q3FY26: 235% Profit Surge
JSW Steel, a big steel company in India, made a lot of money in the third quarter of the financial year 2026.
They earned ₹2,410 crore, which is more than three times what they earned last year.
This big increase was because they sold a part of another company called Bhushan Power & Steel Ltd.
Their total sales also went up by 11% to ₹45,991 crore.
The company also made a deal with a Japanese company called JFE Steel, which could help them reduce their debts by ₹37,000 crore.
Additionally, JSW Energy, another part of the company, also made more money, with their profit rising by 150% to ₹420 crore.
JSW Steel reported a 235% YoY increase in consolidated profit to ₹2,410 crore in Q3FY26.
Revenue from operations increased by 11.1% YoY to ₹45,991 crore.
The profit surge was driven by a one-time gain from deferred tax credit linked to the stake sale in subsidiary Bhushan Power & Steel Ltd.
JSW Steel recognized deferred tax assets of ₹1,439 crore based on the reassessment of unrecognized deferred tax assets.
JSW Energy, a subsidiary, reported a 150% rise in consolidated net profit to ₹420 crore in the same quarter.
- Who
- JSW Steel
- What
- Reported a 235% YoY increase in consolidated profit for Q3FY26
- Where
- India (with operations and investments in Mumbai, Odisha, Punjab, and Bhushan Power & Steel Limited)
- When
- Q3FY26 (December quarter)
- Why
- Due to a one-time gain from deferred tax credit linked to the stake sale in subsidiary Bhushan Power & Steel Ltd.
Key facts
- Consolidated Profit
- ₹2,410 crore
- Revenue
- ₹45,991 crore
- Deferred Tax Assets
- ₹1,439 crore
- Pre-tax Profit
- ₹1,457 crore
- Stake Sale in BPSL
- ₹15,000 crore
- Expected Deleveraging
- ₹37,000 crore
- JSW Energy Profit
- ₹420 crore
- JSW Energy Revenue
- ₹4,255 crore
Timeline
India slaps anti-dumping duty on Vietnamese steel in August 2025.
Three-year tariff follows, boosting domestic demand, prices soar.
JSW Steel profits surge as flat steel demand skyrockets.
Record sales drive JSW's earnings, import curbs fuel demand.
JSW's Q3FY26 profit jumps 235%, aided by Rs 1,439 crore tax asset.
Quotes
JSW Energy
A leading private sector power producer in India
“Profit after tax (consolidated net profit) increased by 150 per cent year-on-year to Rs 420 crore in Q3 FY26 from Rs 168 crore in Q3 FY25”
freepressjournal.in
Sharad Mahendra
Joint Managing Director and CEO of JSW Energy
“The quarter was a milestone for us with the commissioning of India's largest green hydrogen plant at Vijayanagar, with a capacity of 3,800 TPA. Our acquisitions of 02 Power and KSK have been fully integrated and are now contributing meaningfully to earnings. We remain firmly committed to our 2030 goals of 30 GW of generation capacity and 40 GWh of storage”
freepressjournal.in
Sources
JSW Energy's Q3 FY26 Net Profit Surges 150% To ₹420 Crore On Higher Revenues & Power Sales
JSW Steel profit jumps 235% in Q3 on Bhushan Power stake sale, revenue up 11%
JSW Energy Q3 Results: Net profit more than doubles on higher power generation, margins rise sharply
JSW Steel Q3 net profit triples to ₹2,410 crore on higher sales volume, lower costs
JSW Steel Q3 profit soars 198%; beats estimates
JSW Steel Q3 net profit triples to ₹2,410 crore on higher sales volume, lower costs
JSW Energy net rises 2.5 fold: Net profit jumps 150% to Rs 420 crore
BPCL Q3 net profit jumps 62% to Rs 7,545 crore on higher refining margins
