From mint · Dipali Banka · · 1m 10s
JSW Steel Profit Triples, Beats Estimates
JSW Steel's Q2 profit triples as strong demand boosts earnings beyond analyst forecasts.
In brief
JSW Steel's Q2 profit triples as strong demand boosts earnings beyond analyst forecasts. JSW Steel reported ₹5,279 crore Q2FY27 profit, more than tripling from previous year and exceeding ₹4,349 crore analyst estimates. Originally reported by mint.
JSW Steel Q2 Profit
JSW Steel reported a consolidated net profit of ₹5,279 crore for Q2FY27, up from ₹1,623 crore a year earlier.
Beat Street Estimates
The profit exceeded the ₹4,349-crore average estimate of 19 analysts polled by Bloomberg.
CEO Outlook
CEO Jayant Acharya highlighted strong industrial activity, exports and automotive demand despite global headwinds.
Key Risks
Elevated energy prices and inflationary pressures from uneven monsoon were flagged as key risks.
Revenue Growth
The company reported a 21% year-on-year rise in consolidated revenue to ₹53,697 crore.
Price Strategy
JSW Steel expects steel prices to increase sufficiently to absorb additional expenses and improve margins.
Capex Expansion
The board approved Phase II of 5 MTPA expansion at JSW Utkal Steel facility in Odisha with ₹16,150 crore capital outlay.
Raw Material Security
JSW Steel approved an 8 MTPA pellet plant to reduce iron ore reliance and expand coking coal mine in Mozambique.
What it means
JSW Steel reported ₹5,279 crore Q2FY27 profit, more than tripling from previous year and exceeding ₹4,349 crore analyst estimates.
