JSW Steel Posts 4th Quarter Net Profit of Rs 19,243 Crore, Declares Dividend of Rs 7.1

JSW Steel Sees Significant Year-on-Year Increase in Net Profit for Q4 FY26

JSW Steel, a leading steel major, has reported a substantial year-on-year increase in its consolidated net profit for the January-March quarter of FY26. The company's net profit for the quarter stood at Rs 19,243 crore, a significant jump from Rs 1,501 crore in the same quarter last year.

The company's revenue for the quarter grew by 14 percent to Rs 51,180 crore. This increase in revenue, coupled with a one-time gain, contributed to the substantial rise in the company's net profit.

The significant increase in profit was largely driven by a one-time gain through the slump sale of its subsidiary Bhushan Power and Steel Ltd's steel operations to a joint venture firm, JSW JFE Steel. The gain from the "loss of control" due to the slump sale was to the tune of Rs 18,051 crore, with the total sale amount being Rs 29,475 crore.

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The joint venture, JSW JFE Steel, has invested around Rs 7,875 crore as its first tranche of investment towards the joint venture. This investment will enable the joint venture to operate the steel operations that has its flagship operations in Sambalpur, Odisha.

JSW Steel has also declared a final dividend of Rs 7.10 for FY26, providing further benefits to its shareholders. The company's decision to declare a final dividend reflects its commitment to rewarding its shareholders while continuing to invest in its business operations.