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JSW Steel posted a sharp 154% year-on-year rise in consolidated net profit for the quarter ending June 2025, reaching ₹2,209 crore, surpassing market expectations. The steelmaker credited the boost to improved operational efficiency and lower raw material costs, which helped offset the impact of softer global steel prices.
The company’s EBITDA margin rose to 17.6% from 12.8% a year earlier, while crude steel production increased 14%. Sales volume also grew by 9% to 6.69 million tonnes, although revenue remained flat due to subdued pricing trends.
Despite the strong earnings, JSW Steel flagged growing concerns over cheap steel imports flooding the Indian market, particularly from China and Russia. CEO Jayant Acharya acknowledged the temporary safeguard duty of 12% introduced in April as a helpful measure but urged the government to extend or enhance it to better protect domestic producers. He emphasized that without stronger trade protections, India’s steel industry could face margin pressure and pricing instability in the coming quarters.
JSW Steel also reaffirmed its ₹20,000 crore capital expenditure target for FY26, with ₹3,400 crore already deployed in the first quarter. The company remains focused on expanding capacity and maintaining financial discipline despite global headwinds.
Acharya reiterated JSW’s long-term confidence in India’s steel demand, driven by infrastructure and construction growth.
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