JSW Steel on Thursday reported a sharp 989 per cent year-on-year rise in consolidated profit after tax (PAT) attributable to owners at Rs 16,370 crore for the quarter ended March 2026, compared with Rs 1,503 crore in the same period last year.
The company said revenue from operations rose 14 per cent year-on-year to Rs 51,180 crore in Q4 FY26, against Rs 44,819 crore in the corresponding quarter of the previous year.
Strong quarterly production and sales performance
JSW Steel reported crude steel production of 7.491 million tonnes in Q4 FY26. Saleable steel sales touched a record 7.971 million tonnes, the highest ever quarterly sales for the company.
The company said domestic demand remained strong during the quarter, supporting higher sales volumes across segments.
EBITDA and margin improve in Q4 FY26
The company reported EBITDA of Rs 8,634 crore for the quarter, while adjusted EBITDA stood at Rs 9,713 crore. EBITDA margin for the quarter was reported at 19 per cent.
JSW Steel said improved realisations and higher sales volumes supported earnings, although input costs remained elevated during the period.
One-time gain pushes quarterly PAT higher
Profit after tax for Q4 FY26 stood at Rs 19,243 crore, supported by exceptional gains during the quarter. The company said normalised PAT, excluding exceptional items, stood at Rs 3,475 crore. It added that higher costs were partly offset by strong operational performance and improved realisations.
Full-year FY26 performance remains strong
For FY26, JSW Steel reported crude steel production of 30.141 million tonnes and saleable steel sales of 29.631 million tonnes. Revenue from operations stood at Rs 1,85,470 crore, while reported EBITDA was Rs 29,821 crore. Adjusted EBITDA stood at Rs 32,048 crore.
Profit after tax for FY26 stood at Rs 25,508 crore, while normalised PAT, excluding exceptional items, was Rs 8,698 crore. The company said overall performance was supported by strong domestic demand and better operating efficiency.
Leverage improves after deleveraging
JSW Steel said its net debt to equity ratio stood at 0.51x at the end of the quarter, while net debt to EBITDA stood at 1.81x. Net debt stood at Rs 53,870 crore as of March 31, 2026. The company said the decline in debt was supported by cash generation and proceeds from asset-related transactions.
It also said its financial discipline measures led to a reduction in leverage thresholds going forward.
Board decisions: dividend, AGM and fundraising
The board has recommended a final dividend of Rs 7.10 per equity share of face value Re 1 each for FY26, which translates to 710 per cent dividend, subject to shareholder approval at the Annual General Meeting (AGM).
The company said its 32nd AGM will be held on July 24, 2026, through video conferencing. The record date for dividends has been fixed as July 7, 2026, while the register of members will remain closed from July 8 to July 10, 2026. If approved, the dividend will be paid within 30 days of the AGM after tax deduction.
The board also approved raising to Rs 7,000 crore through non-convertible debentures with warrants and/or equity shares and other convertible securities via Qualified Institutions Placement (QIP), subject to approvals.
All decisions remain subject to shareholder approval at the upcoming AGM, the company said. JSW Steel said the performance reflects strong operational execution and demand conditions during the year.
No comments:
Post a Comment