JSW Steel Q3 Profit Soars 3-Fold, Beats Estimates on Strong Revenue, Lower Costs

• JSW Steel reported a net profit of ₹2,410 crore in Q3, tripling from ₹719 crore year-on-year and significantly exceeding Street estimates of ₹1,509 crore.
• Revenue increased by 11.1% year-on-year to ₹45,991 crore, surpassing expectations, driven by robust domestic demand and record sales volumes.
• The profit included a ₹1,439 crore deferred tax asset recognition related to Bhushan Power & Steel (BPSL).
• Consolidated sales volumes reached an all-time high of 7.64 million tonnes, up 14% year-on-year, with exports surging 53%.
• The company announced a new 5 mtpa steel plant in Odisha, costing ₹316 billion, and a joint venture for a land development project.

Why It Matters: JSW Steel delivered exceptional Q3 results, driven by strong sales, lower costs, and strategic expansion plans.