JSW Steel announced a significant 158% YoY surge in its Q1FY26 consolidated net profit, reaching Rs 2,184 crore, exceeding Street estimates. While revenue saw a marginal increase, the company benefited from higher volumes and reduced coking coal costs, leading to a 37% YoY rise in operating EBITDA. Crude steel production also increased, though capacity utilization was impacted by planned maintenance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets