JSWSTEEL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
JSW Steel Ltd reported sales of ₹54,486 Cr, operating profit of ₹10,120 Cr (OPM 19%) and net profit of ₹5,359 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
JSWSTEEL quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
41,378
44,819
43,147
45,152
45,991
51,180
47,364
54,486
Expenses
35,799
38,684
35,671
38,125
39,612
42,716
38,079
44,366
Operating Profit
5,579
6,135
7,476
7,027
6,379
8,464
9,285
10,120
OPM
13%
14%
17%
16%
14%
17%
20%
19%
Other Income
50
186
350
284
-256
18,229
724
733
Interest
2,115
2,094
2,217
2,413
2,304
2,168
1,712
1,602
Depreciation
2,336
2,497
2,537
2,554
2,362
2,148
2,137
2,200
Profit before tax
1,178
1,730
3,072
2,344
1,457
22,377
6,160
7,051
Tax
39%
13%
28%
30%
-65%
14%
24%
24%
Net Profit
719
1,501
2,209
1,646
2,410
19,243
4,696
5,359
EPS in Rs
2.93
6.15
8.93
6.64
8.75
66.94
19.02
21.59
JSWSTEEL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
1,46,371
1,65,960
1,75,006
1,68,824
1,85,470
1,99,021
Expenses
1,07,257
1,47,490
1,46,849
1,46,099
1,56,006
1,64,773
Operating Profit
39,114
18,470
28,157
22,725
29,464
34,248
OPM
27%
11%
16%
13%
16%
17%
Other Income
1,600
1,561
1,500
73
18,489
19,430
Interest
4,968
6,902
8,105
8,412
9,102
7,786
Depreciation
6,001
7,474
8,172
9,309
9,601
8,847
Profit before tax
29,745
5,655
13,380
5,077
29,250
37,045
Tax
30%
27%
33%
31%
13%
-
Net Profit
20,938
4,139
8,973
3,491
25,508
31,708
EPS in Rs
85.49
17.14
36.03
14.33
91.26
116.3
Dividend Payout
25%
25%
25%
24%
10%
-
JSWSTEEL balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
305
305
305
305
305
Reserves
77,364
79,191
82,628
99,748
1,13,001
Borrowings
87,984
98,752
1,01,107
99,310
69,820
Other Liabilities
62,245
62,197
66,395
70,295
69,508
Total Liabilities
2,27,898
2,40,445
2,50,435
2,69,658
2,52,634
Fixed Assets
1,12,461
1,24,466
1,26,324
1,17,129
1,18,328
CWIP
29,676
21,007
20,544
22,315
26,025
Investments
7,246
15,217
15,606
10,218
13,443
Other Assets
78,515
79,755
87,961
1,19,996
94,838
Total Assets
2,27,898
2,40,445
2,50,435
2,69,658
2,52,634
JSWSTEEL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
26,270
23,323
12,078
20,899
25,152
Cash from Investing Activity
-14,748
-10,730
-14,467
-17,012
18,560
Cash from Financing Activity
-14,657
-5,977
-5,005
-262
-16,111
Net Cash Flow
-3,135
6,616
-7,394
3,625
27,601
Free Cash Flow
16,222
8,574
-3,469
8,264
10,610
CFO/OP
81%
130%
53%
101%
96%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit