JSW Steel Q4 results: Net profit soars multifold YoY to ₹16,370 crore, EBITDA jumps 35%; ₹7.1/share dividend recommended

The company had posted a net profit of ₹1,503 crore in the year-ago period, according to a regulatory filing.

“The Profit after Tax for the quarter was ₹19,243 crores after considering an exceptional gain of ₹17,888 crores, which includes ₹18,051 crores gain on slump sale of BPSL steel undertaking and ₹163 crores exceptional charge on Employee obligations arising from the implementation of the New Labour Code in Q4, in addition to the charge taken in Q3. The Normalised Profit After Tax (excluding Exceptionals) for the quarter was 3,475 crores and 8,698 crores for FY26,” JSW Steel stated.

Its revenue from operations surged 14.19% YoY to ₹51,180 crore during the quarter under review, compared to ₹44,819 crore in the January-March quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its reported EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹8,634 crore in the March FY26 quarter, marking a 35% YoY increase from ₹6,378 crore in the same period of the preceding fiscal year.

However, its crude steel production fell 2% YoY to 7.34 million tonnes for the reporting quarter, from 7.4 million tonnes in Q4 FY25.

“Blast Furnace-3 (BF-3) at Vijayanagar has been under shutdown for capacity upgradation since the end of September 2025, which impacted crude steel production and capacity utilisation at the Company's Indian operations during FY26. The capacity utilisation for the combined Indian operations for the year stood at approximately 92% excluding BF-3 capacity, and 87% including BF-3 capacity,” the company said.

It recorded its highest-ever steel sales for the quarter at 7.97 million tonnes, reflecting a 6% YoY jump from 7.49 million in the year-ago period. Its domestic sales at 7.09 million tonnes were also the highest-ever. JSW Steel recorded a 5% YoY increase in institutional sales and 3% YoY rise in retail sales.

Its exports stood at 0.75 million tonnes, up by 36% YoY, contributing to 10% of sales from the Indian operations for Q4 FY26.

JSW Steel board recommends dividend

The Board of Directors has recommended a final dividend of ₹7.10 (710%) per fully paid-up equity share of ₹1 each for the year ended 31st March 2026.

Furthermore, it fixed Tuesday, July 7, 2026, as the record date for the same.

JSW Steel has a total market capitalisation of ₹3.17 lakh crore as of May 14, 2026, according to data on the NSE.