JSW Steel, India's largest steelmaker by capacity, has reported its highest-ever quarterly crude steel production and sales for the July-September quarter (Q2 FY27), with consolidated revenue from operations rising to Rs 54,486 crore, The Hindu BusinessLine reported in its Q2 results coverage.

Source: The Hindu BusinessLine

Moneycontrol reported that consolidated profit after tax surged 225.3 per cent year-on-year to Rs 5,279 crore, compared with Rs 1,623 crore a year earlier, helped by record sales and firm flat steel prices, partly offset by higher coking coal costs. BusinessLine put total net profit at Rs 5,359 crore.

Source: Moneycontrol via TradingView

7.27 MTHighest-ever crude steel production
7.46 MTRecord saleable steel sales
Rs 54,486 croreRevenue from operations
Rs 10,120 croreReported EBITDA

Saleable steel sales touched a record 7.46 million tonnes, up 13 per cent year-on-year, and domestic sales hit a record 6.29 million tonnes. Net debt stood at Rs 44,482 crore, with the net debt-to-equity ratio improving to 0.39 times from 0.42 times in the previous quarter, BusinessLine reported.

Source: The Hindu BusinessLine

The board also approved a 5 MTPA Phase-II expansion at JSW Utkal in Odisha at a capital outlay of Rs 16,150 crore (yaani about Rs 161.5 billion), targeted for commissioning by Q1 FY31, and guided FY27 capital expenditure at Rs 22,000-24,000 crore.

Source: The Hindu BusinessLine