New Delhi, May 14 (PTI) JSW Steel on Thursday posted a consolidated net profit of Rs 19,243 crore during the March quarter of 2025-26 on account of an exceptional gain of Rs 17,888 crore.
The company had reported a net profit of Rs 1,501 crore in the same period a year ago.
In a statement, JSW Steel said, "PAT for Q4 was Rs 19,243 crore after considering an exceptional gain of Rs 17,888 crore which includes Rs 18,051 crore gain on slump sale of BPSL steel undertaking and Rs 163 crores exceptional charge on Employee obligations arising from the implementation of the New Labour Code in Q4, in addition to the charge taken in Q3.
"The normalised PAT (excluding exceptionals) for the quarter was Rs 3,475 crores and Rs 8,698 crores for FY26."
During January-March, the company's total income rose to Rs 51,521 crore from Rs 45,049 crore in last quarter of preceding 2024-25 financial year.
For the whole fiscal, JSW Steel posted a net profit of Rs 25,508 crore against Rs 3,491 crore in FY25.
Total income rose to Rs 1,86,718 crore, higher from Rs 1,69,518 crore in 2024-25.
The board recommended a dividend of Rs 7.1 per equity share of face value of Re 1 each, for the year ended March 31, 2026. The total outflow on account of this dividend will be Rs 1,736 crore.
The Board has also approved a 5 MTPA brownfield expansion at JSW Vijaynagar Metallics (JVML). The project will entail a capex of Rs 26,000 crores with commissioning planned by FY30. This will take Vijayanagar plant's capacity to about 25 MTPA, making it the world's largest steel plant.
The company's consolidated capex spend during Q4 FY26 was Rs 4,612 crores, and the total spend for FY26 was Rs 15,595 crores. The company aims to spend Rs 22,000-24,000 crore in FY27.
In FY26, JSW Steel produced 30.14 million tonne, 8 per cent higher from 27.79 million tonne in FY25. While sales rose 12 per cent to 29.63 million tonnes in FY26 from 26.45 million in the financial year ended March 31, 2025.
JSW Steel plans to grow its India capacity to 62 million tonnes per annum (MTPA) by FY32, and capacity through joint ventures to 16 MTPA, taking the combined India capacity to 78 MTPA.
On April 20, 2026, the company announced a strategic 50:50 JV with POSCO at the India-Korea Business Forum in New Delhi. The JV will set up a greenfield 6 MTPA integrated steel plant in Dhenkanal, Odisha.
The facility will comprise steelmaking, hot rolling, and cold rolling/coating processes producing high-grade flat steel for diverse applications including for the automotive sector. The JV will also aim to synergise with POSCO’s 1.8 MTPA downstream unit in Maharashtra.