{"id":171605,"date":"2025-10-17T09:52:55","date_gmt":"2025-10-17T13:52:55","guid":{"rendered":"https:\/\/44.250.171.167\/?p=171605"},"modified":"2025-10-17T09:52:55","modified_gmt":"2025-10-17T13:52:55","slug":"jsw-steel-q2-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/jsw-steel-q2-fy26-earnings-results\/","title":{"rendered":"JSW Steel Q2 FY26 Earnings Results"},"content":{"rendered":"<h2><strong>Company Overview<\/strong><\/h2>\n<p>JSW Steel Ltd is a leading Indian steel manufacturer engaged in the production and sale of Iron and Steel products. It is the flagship business of the diversified US$ 23 billion JSW Group, with interests spanning energy, infrastructure, cement, paints, sports, and venture capital. Presenting below its Q2 FY26 Earnings Results.<\/p>\n<h2><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n<p>JSW Steel Ltd reported revenues of \u20b943,147 crore for Q2 FY26, a marginal year-on-year increase of 0.5%, compared to \u20b942,943 crore in the corresponding quarter last year. Total expenses decreased 3.3% YoY to \u20b940,325 crore. The company posted a consolidated net profit of \u20b92,209 crore, marking a sharp 158% rise from \u20b9845 crore in Q1 FY25. Earnings per share (EPS) rose to \u20b98.95 from \u20b93.50 YoY.<\/p>\n<h2><strong>Operational &amp; Strategic Update<\/strong><\/h2>\n<ul>\n<li>Crude steel production grew 14% YoY to 7.26 million tonnes, reflecting strong operational efficiency. Capacity utilization stood at 87%, impacted by planned maintenance.<\/li>\n<li>Steel sales <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/11ce3b9a-d98f-4c7a-bd01-7ca923fb7ca2.pdf\" target=\"_blank\" rel=\"noopener\">increased<\/a> by 9% YoY to 6.69 million tonnes, driven by both institutional and retail demand with 12% annual growth. However, exports declined 20% YoY, accounting for 7% of total sales.<\/li>\n<li>Improved steel realizations and lower raw material costs contributed to an expanded EBITDA per tonne, which Kotak Institutional Equities valued at approximately \u20b911,127, up 33% YoY.<\/li>\n<li>The company recorded a profit before tax (PBT) of \u20b93,172 crore, an increase of 128% YoY, and maintained a strong balance sheet with net debt to equity ratio of 0.95x.<\/li>\n<\/ul>\n<h2><strong>Outlook<\/strong><\/h2>\n<p>JSW Steel is poised for sustained growth backed by robust demand recovery, enhanced margin realization, and operational efficiency. Investments in capacity expansion, digital transformation, and value-added steel products position the company well to capitalize on the evolving domestic and global steel markets.<\/p>\n<p>Explore the company\u2019s past earnings and latest concall transcripts, <a href=\"https:\/\/44.250.171.167\/symbol\/jswsteel\/\">click here<\/a> to visit the AlphaStreet India News Channel.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-171606\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL.png\" alt=\"JSWSTEEL Q2 FY26 Earnings Results\" width=\"1489\" height=\"1817\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL.png 1489w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL-1259x1536.png 1259w\" sizes=\"auto, (max-width: 1489px) 100vw, 1489px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Overview JSW Steel Ltd is a leading Indian steel manufacturer engaged in the production and sale of Iron and Steel products. It is the flagship business of the diversified US$ 23 billion JSW Group, with interests spanning energy, infrastructure, cement, paints, sports, and venture capital. Presenting below its Q2 FY26 Earnings Results. Q2 FY26 [&hellip;]<\/p>\n","protected":false},"author":1932,"featured_media":171606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[14107],"class_list":["post-171605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","tag-steel-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSSTEEL.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177804,"url":"https:\/\/alphastreet.com\/india\/jsw-steel-q3-fy26-earnings-results\/","url_meta":{"origin":171605,"position":0},"title":"JSW Steel Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 27, 2026","format":false,"excerpt":"Executive Summary JSW Steel Ltd reported Q3FY26 revenues of \u20b945,991 crore, up 11.15% YoY, with consolidated net profit surging 235.19% to \u20b92,410 crore. Total expenses rose 10.01% YoY to \u20b944,278 crore, enabling substantial earnings recovery. Revenue & Growth Revenues increased to \u20b945,991.00 crore in Q3FY26 from \u20b941,378.00 crore YoY, a\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/JSW.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171598,"url":"https:\/\/alphastreet.com\/india\/jsw-infrastructure-q2-fy26-earnings-results\/","url_meta":{"origin":171605,"position":1},"title":"JSW Infrastructure Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"October 17, 2025","format":false,"excerpt":"Company Overview JSW Infrastructure Ltd is a leading player in maritime services providing cargo handling, storage, and logistics solutions. The company operates key port and terminal facilities handling bulk and containerized cargo in India. Presenting below its Q2 FY26 Earnings Results. Q2 FY26 Earnings Results JSW Infrastructure reported consolidated revenues\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"JSWSTEEL Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSWIN.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171678,"url":"https:\/\/alphastreet.com\/india\/jsw-energy-q2-fy26-earnings-results\/","url_meta":{"origin":171605,"position":2},"title":"JSW Energy Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"October 21, 2025","format":false,"excerpt":"JSW Energy Ltd, part of the diversified JSW Group, is engaged in the generation, transmission, and trading of power, with core assets across Karnataka, Maharashtra, Nandyal, and Salboni. The company also operates joint ventures in mining and an associate company engaged in turbine manufacturing, reinforcing its integrated power business model.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/JSE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179653,"url":"https:\/\/alphastreet.com\/india\/jsw-cement-q3-fy26-earnings-results\/","url_meta":{"origin":171605,"position":3},"title":"JSW Cement Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 5, 2026","format":false,"excerpt":"Executive Summary JSW Cement Ltd reported Q3FY26 revenues of \u20b91,621 crore, up 13.12% YoY, swinging from a \u20b980 crore loss to \u20b9131 crore profit driven by 14% volume growth to 3.56 MT and 31.5% EBITDA surge to \u20b9285 crore. Expense reduction and operational leverage marked strong green cement execution. Revenue\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/JSWC.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179322,"url":"https:\/\/alphastreet.com\/india\/akzo-nobel-q3-fy26-earnings-results\/","url_meta":{"origin":171605,"position":4},"title":"Akzo Nobel Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 3, 2026","format":false,"excerpt":"Executive Summary Akzo Nobel India Ltd reported Q3FY26 revenues of \u20b9908 crore, down 13.52% YoY, with consolidated net profit declining 32.11% to \u20b974 crore despite 5.9% volume growth. Powder Coatings divestment and pricing pressures impacted topline, though core Paints business showed resilience ahead of JSW Paints integration. Revenue & Growth\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AKZO.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172264,"url":"https:\/\/alphastreet.com\/india\/usha-martin-q2-fy26-earnings-results\/","url_meta":{"origin":171605,"position":5},"title":"Usha Martin Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 10, 2025","format":false,"excerpt":"Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b9907.6 crore, up 1.8% YoY from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Usha Martin Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Usha-Martin-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/171605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1932"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=171605"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/171605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/171606"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=171605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=171605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=171605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}