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JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2026-27 at 6.59 million tonnes, higher by 2% on QoQ basis and 3% on YoY basis.
Blast Furnace 3 (BF3) of Vijayanagar, was under shutdown for upgradation of capacity, started hot-metal production from 23rd June 2026. The Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown. Excluding BF3 production impact from last year's base, Q1 FY27 volumes grew ~15% YoY, driven by full ramp-up of JVML operations and improved utilisation at Dolvi Unit.
The capacity utilisation for Indian operations for Q1 FY27 (excluding BF3 capacity under shutdown) was at ~94%.
Production from Indian operations stood at 6.35 MnT in Q1 FY27, compared with 6.14 MnT in Q1 FY26, marking a 3% YoY increase. Production at JSW Steel USA - Ohio was recorded at 0.24 MnT during the quarter.
On a sequential basis, consolidated crude steel production increased 2% from 6.48 MnT in Q4 FY26.
JSW Steel said YoY growth was impacted by the shutdown of Blast Furnace 3 (BF3) at its Vijayanagar facility for capacity upgradation. The furnace resumed hot metal production on June 23, 2026.
Excluding the impact of the BF3 shutdown from the previous year’s base, Q1 FY27 crude steel production grew around 15% YoY, supported by the full ramp-up of JSW Vijayanagar Metallics (JVML) operations and improved utilisation at the Dolvi unit.
The capacity utilisation of Indian operations stood at around 94% during Q1 FY27, excluding the BF3 capacity that remained under shutdown.
The company noted that production figures for previous periods have been adjusted following the transfer of the steel business undertaking of Bhushan Power and Steel (BPSL) to JSW-JFE Steel, a joint venture company, in March 2026.
JSW Steel is engaged in the manufacture and sale of iron and steel products and is the flagship business of the diversified JSW Group, which has interests across energy, infrastructure, cement, paints, sports, and venture capital.
JSW Steel had reported a consolidated net profit of Rs 16,370 crore in Q4 FY26, compared with Rs 1,503 crore in the corresponding period last year. Revenue from operations increased 14.19% YoY to Rs 51,180 crore for the quarter ended March 31, 2026.
Shares of JSW Steel rose 0.23% to Rs 1,222.25 on the BSE.
JSW Steel has received credit ratings from CARE Ratings as under:
Long term bank facilities - CARE AA+; Stable (rating upgraded)
Long term / short term bank facilities - CARE AA+; Stable / CARE A1+ (LT rating upgraded/ ST rating reaffirmed)
Short term bank facilities - CARE A1+ (rating reaffirmed)
Issuer ratings - CARE AA+; Stable (rating upgraded)
Non convertible debentures - CARE AA+; Stable (rating upgraded)
Commercial paper - CARE A1+ (rating reaffirmed)
Jindal Steel Ltd fell 1.49% today to trade at Rs 1043.1. The BSE Metal index is down 0.58% to quote at 40672.56. The index is down 5.88 % over last one month. Among the other constituents of the index, JSW Steel Ltd decreased 1.33% and Steel Authority of India Ltd lost 1.27% on the day. The BSE Metal index went up 28.45 % over last one year compared to the 5.97% fall in benchmark SENSEX.
Jindal Steel Ltd has lost 11.7% over last one month compared to 5.88% fall in BSE Metal index and 5.68% rise in the SENSEX. On the BSE, 5736 shares were traded in the counter so far compared with average daily volumes of 68034 shares in the past one month. The stock hit a record high of Rs 1306 on 21 Apr 2026. The stock hit a 52-week low of Rs 926.8 on 14 Jul 2025.
JSW Steel today marked the commencement of development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reaffirming its long-term commitment to India's manufacturing growth and the industrial transformation of the state of Andhra Pradesh.
The project is to set up a 2 million tonne steel plant by JSW Rayalaseema Steel, a 100% subsidiary of JSW Steel., in phases. The 1st phase, with a planned investment of Rs 4,500 crore, would be a 1-MTPA Integrated Steel Plant to manufacture low carbon emission steel products. The 2nd phase, with an additional planned investment of upto Rs 11,850 crore, will expand capacity to 2 MTPA, taking the total project investment upto Rs 16,350 crore.
JSW Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 1303.9, up 0.49% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.23% on the day, quoting at 23912.85. The Sensex is at 76447.04, up 1.22%. JSW Steel Ltd has risen around 0.86% in last one month.
Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 0.27% in last one month and is currently quoting at 12854.5, up 2.18% on the day. The volume in the stock stood at 7.24 lakh shares today, compared to the daily average of 17.66 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1307.1, up 0.14% on the day. JSW Steel Ltd is up 29.9% in last one year as compared to a 4.14% drop in NIFTY and a 40.36% drop in the Nifty Metal index.
The PE of the stock is 46.37 based on TTM earnings ending March 26.
JSW Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 1284, up 1.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 23273.3. The Sensex is at 74251.88, up 0.36%. JSW Steel Ltd has risen around 2.53% in last one month.
Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 0.89% in last one month and is currently quoting at 12766.45, up 0% on the day. The volume in the stock stood at 8.61 lakh shares today, compared to the daily average of 19.79 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1291.2, up 1.48% on the day. JSW Steel Ltd is up 28.96% in last one year as compared to a 6.49% drop in NIFTY and a 36.57% drop in the Nifty Metal index.
The PE of the stock is 45.37 based on TTM earnings ending March 26.