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Net profit of JSW Steel rose 112.96% to Rs 4651.00 crore in the quarter ended June 2026 as against Rs 2184.00 crore during the previous quarter ended June 2025. Sales rose 9.90% to Rs 46662.00 crore in the quarter ended June 2026 as against Rs 42460.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales46662.0042460.00 10 OPM %19.9017.61 - PBDT8297.005609.00 48 PBT6160.003072.00 101 NP4651.002184.00 113 Powered by Capital Market - Live News

JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2026-27 at 6.59 million tonnes, higher by 2% on QoQ basis and 3% on YoY basis. Blast Furnace 3 (BF3) of Vijayanagar, was under shutdown for upgradation of capacity, started hot-metal production from 23rd June 2026. The Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown. Excluding BF3 production impact from last year`s base, Q1 FY27 volumes grew ~15% YoY, driven by full ramp-up of JVML operations and improved utilisation at Dolvi Unit. The capacity utilisation for Indian operations for Q1 FY27 (excluding BF3 capacity under shutdown) was at ~94%.

JSW Steel has received credit ratings from CARE Ratings as under:Long term bank facilities - CARE AA+; Stable (rating upgraded) Long term / short term bank facilities - CARE AA+; Stable / CARE A1+ (LT rating upgraded/ ST rating reaffirmed)Short term bank facilities - CARE A1+ (rating reaffirmed) Issuer ratings - CARE AA+; Stable (rating upgraded) Non convertible debentures - CARE AA+; Stable (rating upgraded)Commercial paper - CARE A1+ (rating reaffirmed)

JSW Steel announced that Fitch Ratings has upgraded the company`s  Long-Term Issuer Default Rating (IDR) and the rating on its outstanding bonds to `BB+`, from `BB`. All ratings have been removed from Rating Watch Positive (RWP). The Outlook is Positive

JSW Steel today marked the commencement of development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reaffirming its long-term commitment to India`s manufacturing growth and the industrial transformation of the state of Andhra Pradesh.The project is to set up a 2 million tonne steel plant by JSW Rayalaseema Steel, a 100% subsidiary of JSW Steel., in phases. The 1st phase, with a planned investment of Rs 4,500 crore, would be a 1-MTPA Integrated Steel Plant to manufacture low carbon emission steel products. The 2nd phase, with an additional planned investment of upto Rs 11,850 crore, will expand capacity to 2 MTPA, taking the total project investment upto Rs 16,350 crore.