JSW Steel posts two-fold rise in Q4 profit as steel prices recover

JSW Steel has announced a significant profit increase. The company's profit before tax more than doubled in the quarter ending March 31. This surge was fueled by rising steel prices and strong demand. Higher costs due to the Iran war did not hinde...

By Reuters | May 14, 2026, 03.53 PM IST

India's JSW Steel reported a more than two-fold jump in quarterly profit ‌before ⁠exceptional ⁠items and tax on Thursday, driven by a rebound in steel prices and healthy ⁠demand that ‌overtook a rise in ⁠costs linked to the Iran war.

Also Read: HSBC assigns a 'Buy' to JSW Steel, Jindal Stainless

The Mumbai-based steelmaker's consolidated profit before exceptional items and tax jumped ‌to 44.89 billion rupees ($468.7 million) for the ⁠quarter ended March 31.

Also Read: JSW Steel, Tata Steel poised for margin recovery as domestic demand holds firm: Siddhartha Khemka

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