The company reported revenue of ₹51,180 crore for the March quarter, marking a 14.2% year-on-year increase from ₹44,819 crore. The topline also surpassed the CNBC-TV18 poll estimate of ₹50,975 crore.
EBITDA rose 40.7% year-on-year to ₹8,634 crore from ₹6,135 crore in the corresponding quarter last year, beating the CNBC-TV18 poll estimate of ₹8,400 crore. EBITDA margin expanded to 16.9%, compared with 13.69% a year ago and ahead of the Street expectation of 16.48%.
Profit before exceptional items and tax stood at ₹4,489 crore for the quarter, compared with ₹1,774 crore in the year-ago period.
Ahead of the earnings announcement, shares of JSW Steel closed 1.85% higher at ₹1,298.50 on the NSE.
The board recommended a final dividend of ₹7.10 per equity share for FY26, subject to shareholder approval at the company’s annual general meeting scheduled for July 24, 2026. The record date for determining shareholder eligibility for the dividend has been fixed as July 7, 2026.
In addition to the earnings announcement, JSW Steel’s board also approved fundraising plans of up to ₹14,000 crore, subject to regulatory and shareholder approvals. The company plans to raise up to ₹7,000 crore through issuance of non-convertible debentures with warrants convertible into equity shares, and another ₹7,000 crore through a qualified institutional placement of equity shares and/or convertible securities.
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The company said the proposed fundraising is aimed at strengthening long-term resources and supporting future growth initiatives.
