JSW Steel shares in focus as Q1 crude steel output rises 14% to 7.26 MT

JSW Steel shares will be in focus on Wednesday after the Sajjan Jindal-led company reported a 14% year-on-year rise in consolidated crude steel production to 7.26 million tonnes for the first quarter of FY26, despite planned maintenance shutdowns.

Indian operations contributed 7.02 million tonnes, up 15% YoY. However, production fell 5% sequentially due to scheduled blast furnace maintenance. The company said all furnaces have since resumed operations and are running at optimal levels, with capacity utilisation at 87%.

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Fourth Quarter Results

In the March quarter (Q4 FY25), JSW Steel posted a 14% YoY increase in consolidated net profit to Rs 1,501 crore, compared to Rs 1,322 crore in the same quarter last year. Revenue from operations declined 3% YoY to Rs 44,819 crore.

Operating EBITDA stood at Rs 6,378 crore, with EBITDA margins at 14.2%.

JSW Steel Share Price Target

According to Trendlyne, the average target price for JSW Steel is Rs 1,045, implying a marginal upside from current levels. Of the 33 analysts tracking the stock, the consensus rating is ‘Buy’.

Technically, the Relative Strength Index (RSI) stands at 59.6, indicating neutral momentum. The MACD is at 8.9, above both its centerline and signal line, suggesting a bullish trend.

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JSW Steel Shares Performance

JSW Steel shares closed at Rs 1,044.3 on Tuesday, up 0.15%, while the BSE Sensex rose 0.32%. The stock has gained 16% over the past six months and 32% in the last two years. Its current market capitalisation stands at Rs 2,55,378 crore.

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