JSW Steel's Q2 profit rises 223% to ₹5,359 crore; Sambalpur expansion approved

What happened

• JSW Steel reported profit after tax of ₹5,359 crore for the September 2026 quarter against ₹1,662 crore a year earlier, up 223%, Kotak Neo reported. Revenue rose 31% to ₹54,486 crore from ₹41,469 crore.
• Kotak Neo gave reported EBITDA as ₹10,120 crore, up 58%, and adjusted EBITDA as ₹9,941 crore, up 39%. Crude steel production rose 5% to 7.27 million tonnes and steel sales 13% to 7.46 million tonnes, both quarterly records, it said. Net debt was ₹44,482 crore.
• HDFC Sky reported that the board and JFE Steel approved a 5 million tonnes a year expansion at Sambalpur through their 50:50 venture, JSW JFE Steel. The outlet gave the equity investment as ₹7,500 crore, ₹3,750 crore from each partner, over about 3.5 years from April 2027, subject to approvals. Current capacity there is 4.5 million tonnes.
• The shares closed at ₹1,182 against ₹1,220 on Thursday on Kite data, a fall of 3.11% by my calculation.

Why it matters

Good to know: Reported EBITDA includes one-off items; adjusted EBITDA strips them out. The gap here is about ₹179 crore, so most of the 58% rise in the reported figure is also present in the adjusted one, which rose 39%.

Key facts

Profit after tax

₹5,359 crore (₹1,662 crore a year earlier), up 223%

Revenue

₹54,486 crore (₹41,469 crore), up 31%

EBITDA

Reported ₹10,120 crore, up 58%; adjusted ₹9,941 crore, up 39%

Crude steel / sales

7.27 million tonnes, up 5% / 7.46 million tonnes, up 13%

Sambalpur expansion

5 million tonnes a year; ₹7,500 crore equity, ₹3,750 crore each; per HDFC Sky

Read the source

• JSW Steel Q2 Profit Surges As Revenue And Sales Rise; Share Price In FocusKotak Neo
• JSW Steel Okays ₹7,500 Cr Expansion At Sambalpur Unit; Shares Fall 3.11%HDFC Sky

JSW Steel in the news before

1. 9 OCT 2026 · BUSINESS UPDATESJSW Steel's consolidated crude steel output rises 5% to 7.27 million tonnes in Q2