JSW Steel reported a strong performance for the fourth quarter of FY26, with revenue rising 14.2 per cent year-on-year to Rs 51,180 crore, supported by firm realisations and improved operating metrics. Profit surged sharply, while EBITDA growth and margin expansion underscored the company’s operational strength. Following the results, major brokerages maintained bullish ratings on the stock, citing aggressive capacity expansion plans, deleveraging efforts, and improving demand outlook, with potential upside of up to 15 per cent from current levels.
Morgan Stanley on JSW Steel
The company’s revenue for Q4FY26 stood at Rs 51,180 crore, marking a 14.2 per cent year-on-year increase from Rs 44,819 crore in Q4FY25. Profit surged significantly to Rs 16,370 crore in Q4FY26 compared to Rs 1,503 crore in the same quarter last year. It also recorded an exceptional gain of Rs 17,888 crore during the quarter.
EBITDA rose to Rs 8,634 crore, reflecting a robust 35.4 per cent YoY growth from Rs 6,378 crore, while the EBITDA margin improved to 16.9 per cent from 14.2 per cent.
“The Board of Directors has recommended a Final Dividend of Rs. 7.10/- (Seven rupees and one paise only) (710 per cent) per fully paid-up Equity Share of Re.1/- each for the year ended 31st March 2026,” the filing said. The Record Date for Dividend shall be 7th July, 2026.
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