By BullScreen Editorial Team 
JSW Steel reported a sharp rise in profitability for the June quarter, with consolidated net profit more than doubling to ₹4,696 crore in Q1 results 2027, supported by higher steel prices and improved operating performance. The company had reported a net profit of ₹2,209 crore in the same quarter a year earlier.
The result significantly exceeded analysts’ average estimate of around ₹3,111 crore, according to data compiled by LSEG and reported by Reuters. Revenue from operations increased 9.8% year-on-year to ₹47,364 crore from ₹43,147 crore.
Steel sales rose 4% to 6.25 million tonnes, while production increased 3% to 6.59 million tonnes. Adjusted for foreign exchange losses, EBITDA climbed 32% year-on-year to ₹9,373 crore. Adjusted EBITDA per tonne also rose 27% to ₹14,990, reflecting stronger steel prices and a favourable cost environment.
Steel prices gained during the quarter amid higher global energy costs linked to the Iran-US conflict, which also pushed up coking coal prices. However, demand was temporarily affected by weaker steel purchases from infrastructure and real estate companies during extreme summer conditions.
JSW Steel spent ₹4,869 crore on capital expenditure during the quarter and has guided for up to ₹24,000 crore of capex in FY27. Net debt declined to ₹46,157 crore, down ₹7,713 crore from March 31, 2026.
Following the Q1 results 2027 announcement, JSW Steel shares closed 1.3% higher at ₹1,237.60 on the NSE, indicating a positive initial market reaction.