This was aided by a 3.3% or over ₹1,400 crore drop in the company’s total expenses compared to last year. Total expenses for the quarter stood at ₹40,325 crore from ₹41,715 crore last year.
Lower expenses also contributed to JSW Steel’s improved operating performance. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹7,576 crore, which is a 37.5% growth from the same quarter last year, while margins expanded by nearly 500 basis points to 17.56% from 12.83% last year.
Revenue for the quarter remained flat, showing a modest 0.5% increase to ₹43,147 crore.The company’s net debt at the end of the June quarter stood at ₹79,850 crore, which is higher by ₹3,287 crore compared to the March quarter, largely due to investment in working capital. Net debt-to-EBITDA at the end of the quarter stood at 3.2x, compared to 3.34x at the end of March.
JSW Steel has also approved the acquisition of up to 100% stake in Saffron Resources Pvt. Ltd. Saffron has 887 acres of land in Odisha.
The company has a Joint Venture with Severfield Group to form JSSL. The company currently has a 50% stake in JSSL. The board has approved the acquisition of another 24.9% stake upon exercise of a put option by the JV partner. The additional stake will be acquired for a sum of ₹235 crore.
JSW Steel has also signed an agreement with the Andhra Pradesh Mineral Development Corporation Ltd. to plan, engineer, finance, construct, develop, operate and maintain the integrated iron ore project at Konijedu-Marlapadu. The project will be set up at a cost of ₹1,075 crore.
Shares of JSW Steel saw a spike towards the close of trade as the results were announced, eventually ending 1% higher at ₹1,044.8. The stock has closed near its 52-week high of ₹1,074.9.
First Published: Christmas 18, 2025 3:36 pm IS
