JKB Financial Services Ltd.

As on : 10-Apr-2026

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10-Apr-2026 09:27

JSW Steel FY26 crude steel production rises 8% to 30.14 MT

The company's Indian operations produced 29.25 MT, up from 26.98 MT, while its US Ohio unit contributed 0.83 MT. For Q4FY26, consolidated crude steel production stood at 7.43 MT, down 1% from the previous quarter and 3% lower than Q4FY25.

Production from Indian operations increased 1% quarter-on-quarter to 7.34 MT but declined 1% year-on-year. Capacity utilization for Indian operations, including the ongoing Vijayanagar blast furnace-3 (BF-3) upgrade, was approximately 87% for the quarter and around 96% excluding BF-3 capacity.

JSW Steel's Salem unit underwent an upgrade with a new ladle furnace and vacuum degasser commissioned in February 2026, raising capacity from one MTPA to 1.15 MTPA. The Vijayanagar BF-3 shutdown, effective since September 2025, impacted production and utilization during FY26.

The company also incorporated production from JSW Sambalpur Steel, formed via a slump sale of Bhushan Power and Steel Ltd's steel business undertaking on March 27, 2026, as part of a joint venture with JFE Steel, Japan.

JSW Steel is the flagship business of the diversified, US$23 billion JSW Group. As one of India's leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defense, sports, and venture capital.

The company's consolidated net profit zoomed 198.32% to Rs 2,139 crore in Q3 FY26, compared with Rs 717 crore in the corresponding period last year. Revenue from operations rose 11.14% year-on-year to Rs 45,991 crore in the quarter ended 31 December 2025.

Shares of JSW Steel rose 0.49% to Rs 1,215.70 on the BSE.

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