The over two-fold rise in capacity will include capacity from joint ventures – POSCO and JFE Steel.
The flagship company of the JSW Group had a bottomline of Rs 19,243 crore as against Rs 1,510 crore last year. Apart from the exceptional gain, it also had a one-time charge related to the labour codes.
Adjusted for exceptional items, net profit stood at Rs 3,475 crore, more than double from the previous year.
The jump in profit was underpinned by the highest ever sales volume of Rs 7.97 million tonne during the March quarter, and the highest ever revenue from operations of Rs 51,180 crore. Reported earnings before interest, tax, depreciation and amortization for the quarter rose to Rs 8,634 crore from Rs 6,378 crore a year ago, while EBITDA margins stood at 19%.
JSW Steel reported its earnings after market hours on Thursday, and its shares closed at Rs 1,297.05 rupees on the BSE, up nearly 2% from the previous close.
GROWTH STRATEGY
JSW Steel currently has a steel production capacity of around 31.9 million tonne at a standalone level, which is slated to rise to 48.8 million tonne by fiscal 2030, and then 62 million tonne by fiscal 2032.
Including 4.5 million tonne of capacity from its joint venture with JFE Steel, the company currently has a capacity of 36.4 million tonne, which will grow to 53.3 million tonne by fiscal 2030. Including its capacity from the joint venture with South Korean steel major POSCO, the company will have a capacity of 78 million tonne by fiscal 2032.
“JSW Steel’s growth continues to be firmly India-centric, reflecting our long-term conviction in India’s growth trajectory,” the company said in a statement. “A strong domestic steel ecosystem directly contributes to self-reliance, while also creating an opportunity to build further resilience as a country, especially in increasing our energy security in an increasingly uncertain global environment,” it said.
JSW Steel has guided for spending Rs 22,000-24,000 crore on capital expenditure in the current fiscal, up from Rs 15,595 crore it spent in fiscal 2026.
The company has also announced expanding capacity at its Vijayanagar plant by another 5 million tonne by fiscal 2030 for a capital expenditure of Rs 26,000 crore. This will make it the world’s largest plant in a single location with a capacity of 25 million tonne.
