JSW Steel reports nearly three-fold increase in third quarter profit

JSW Steel reported a nearly three-fold rise in quarterly net profit to 21.39 billion rupees. Higher sales volumes successfully offset lower steel prices for the firm.

Insights:
JSW Steel Limited announced on January 23, 2026, that its consolidated net profit for the third quarter ended December 31 rose nearly three-fold year-on-year. The company, a major producer in IN ININ, reported a consolidated net profit of 21.39 billion rupees. This figure converts to approximately 232.7 million USD based on the exchange rate of 91.9050 Indian rupees per dollar.
A man walks past the JSW Steel stall at the India Steel 2025 Conference in Mumbai, India, April 25, 2025. REUTERS/Francis Mascarenhas
A man walks past the JSW Steel stall at the India Steel 2025 Conference in Mumbai, India, April 25, 2025. REUTERS/Francis Mascarenhas
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