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JSW Steel reported consolidated Crude Steel production for Q2 FY26 at 7.90 million tonnes. The Crude Steel production was higher by 17% YoY and 9% QoQ.
Capacity utilisation at Indian Operations stood at 92% for Q2 FY26.
The break-up of production is as below: (Mnt)
Particulars
Q2 FY26
Q1 FY26
Q2 FY25
QoQ
YoY
Indian Operations
7.66
7.02
6.63
9%
16%
JSW Steel USA - Ohio
0.24
0.14
Consolidated Production
7.9
7.26
6.77
17%
JVML, a wholly owned subsidiary of the Company, commissioned the second converter on 30th August 2025 making the overall Indian operations crude steel capacity at 34.2 MTPA fully operational. The integrated 5 MTPA operations at JVML has ramped up well and operated at 88% capacity utilisation in September 2025.
The shutdown of Blast Furnace 3 at Vijayanagar for 150 days has been taken towards the end of September 2025 to upgrade hot metal capacity from 3 MTPA to 4.5 MTPA.
The production volume for the H1 FY26 is as follows: (Mnt)
H1 FY2026
H1 FY2025
% Change
14.69
12.75
15%
0.48
0.37
15.17
13.12
Steel production at JSW Steel USA – Ohio rose 71.41% YoY to 0.24 million tonnes during the quarter under review.
The company stated that JVML, a wholly owned subsidiary, commissioned its second converter on 30 August 2025, making the overall crude steel capacity of its Indian operations — 34.2 MTPA — fully operational. The integrated 5 MTPA operations at JVML ramped up well, achieving 88% capacity utilisation in September 2025.
The company also commenced a planned 150-day shutdown of Blast Furnace 3 at Vijayanagar towards the end of September 2025. The upgrade aims to enhance hot metal capacity from 3 MTPA to 4.5 MTPA.
On a half-yearly basis, the company’s consolidated steel production increased 16% YoY to 15.16 million tonnes in H1 FY26.
JSW Steel is the flagship business of the diversified, US$ 23 billion JSW Group. As one of India's leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.
The company reported a 158.46% year-on-year (YoY) increase in consolidated net profit to Rs 2,209 crore for the quarter ended 30 June 2025, compared to Rs 867 crore in the corresponding period last year. Revenue from operation rose 0.47% year on year to Rs 43,147 crore in the quarter ended 30 June 2025.
The scrip slipped 1.07% to Rs 1,163.45 on the BSE.
JSW Steel Ltd is up for a third straight session today. The stock is quoting at Rs 1167.8, up 1.89% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 24825.3. The Sensex is at 80967.53, down 0.02%. JSW Steel Ltd has gained around 8.9% in last one month.
Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has gained around 7.44% in last one month and is currently quoting at 10092.95, up 2.37% on the day. The volume in the stock stood at 12.58 lakh shares today, compared to the daily average of 15.29 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 1171.6, up 1.53% on the day. JSW Steel Ltd is up 12.97% in last one year as compared to a 0.76% slide in NIFTY and a 2.16% slide in the Nifty Metal index.
The PE of the stock is 36.55 based on TTM earnings ending June 25.