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Earnings Call

JSW Steel Earnings Call: Key Takeaways

JSW Steel reported Q1 FY27 revenue of ₹47,364 Cr and Net Profit of ₹4,696 Cr. Strategy focuses on high-margin VASP sales (61% of total) and de-leveraging via the JSW JFE joint venture.

Highlights
MarginsFocus on VASP (61% share) and cost leadership via resource optimization.
Demand visibilityStrong domestic demand; record Q1 flats and institutional sales.
Management confidenceHigh; citing India's nation-building phase and demand growth outstripping GDP.

Growth

Crude steel production reached 6.59mt (+3% YoY); sales volume at 6.25mt (+4% YoY) despite global headwinds.

Outlook

FY27 guidance: 29.75mt production and 28.6mt sales. Targeting 50mtpa India capacity by FY31 and 62mtpa by FY32.

Risks

Rising imports turning India into a net importer; geopolitical uncertainties and global manufacturing inventory cycles.

Source

Earnings Call filed with BSE, NSE: JSWSTEEL. Summary written with AI assistance from the document.

Read the document ↗

JSW Steel Ltd: key numbers

Share price
₹1,277.00
Market cap
₹3,12,284 Cr
Revenue (annual)
₹1,85,470 Cr
Net profit (annual)
₹22,316 Cr
P/E (TTM)
12.6×Sector 19.0×
Promoter holding
44.29%-1.03% QoQ
FII holding
25.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Employee Stock Options

JSW Steel Employee Stock Options

JSW Steel Employees Welfare Trust sold equity shares worth approximately ₹0.08 Crore across multiple market and off-market transactions. These disposals relate to the company's ESOP plans.

Value
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JSW Steel IPO

JSW Steel Limited announced that its associate JSW One Platforms Limited has filed a DRHP for an IPO. JSW Steel will participate as a Promoter Selling Shareholder.

00:21 IST BSE
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JSW Steel Merger & Restructuring

JSW Steel's subsidiary, JSW One Platforms Limited, has filed its Draft Red Herring Prospectus for an Initial Public Offer with SEBI and exchanges.

17:21 IST BSE
Capital Structure Change

JSW Steel Capital Structure Change

JSW Steel Employees Welfare Trust traded JSW Steel equity shares between September 16-21, 2026. The net transaction value reflects the cumulative activity across multiple market transactions.

Value
₹25.61 Cr
18:32 IST BSE
Capital Structure Change

JSW Steel Capital Structure Change

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Value
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Value
₹3.69 Cr