JSW Steel Posts 14% YoY Growth in Q1 FY26 Crude Steel Output Despite Planned Downtime
By Shishta Dutta | Published at: Jul 9, 2025 10:35 AM IST
Mumbai, 9 July 2025: JSW Steel Limited (NSE: JSWSTEEL, BSE: 500228), one of India’s top integrated steel producers, reported a 14% year-on-year increase in consolidated crude steel production for the first quarter of FY26, reaching 7.26 million tonnes. The growth comes despite a 5% sequential dip due to scheduled maintenance shutdowns during the quarter.
JSW Steel Ltd’s share price opened at ₹1,051.70 and slipped to ₹1,037.10 by 9:48 AM, marking a decline of ₹7.90 or 0.76% despite reporting a 14% year-on-year rise in Q1 FY26 crude steel production. The stock traded within a range of ₹1,035.70 to ₹1,052.00 during the early hours. Investor sentiment appeared cautious, likely reflecting the 5% sequential drop in production due to planned maintenance downtime. The company’s market capitalisation stood at ₹2.52 lakh crore with a P/E ratio of 72.38
Quarterly Production Growth Highlights Strong Year-on-Year Performance
The company’s production for Q1 FY26 rose significantly from the same quarter last year, driven by continued operational strength in India and improved output from its U.S. operations.
Quarterly Production Overview
| Particulars | Q1 FY26 | Q4 FY25 | Q1 FY25 | QoQ | YoY |
| Indian Operations | 7.02 MT | 7.40 MT* | 6.12 MT | -5% | 15% |
| JSW Steel USA – Ohio | 0.24 MT | 0.23 MT | 0.23 MT | +4% | +4% |
| Total Consolidated | 7.26 MT | 7.63 MT | 6.35 MT | -5% | 14% |
*Q4 FY25 includes 0.21 MT from trial production
JSW Steel attributed the quarter-on-quarter decline to planned blast furnace maintenance in its Indian operations. With maintenance now completed, capacity utilisation for Q1 FY26 in India stood at 87%, indicating restored operational normalcy.
Long-Term Capacity Expansion Targets 43.4 MTPA Output
As the flagship company of the $23 billion JSW Group, JSW Steel currently operates with a consolidated crude steel capacity of 35.7 million tonnes per annum (MTPA). This includes 1.5 MTPA in the United States and an additional 1.7 MTPA under commissioning in India. The company plans to scale this capacity up to 43.4 MTPA over the next three years.
The Vijayanagar plant in Karnataka remains a key contributor, with a current and upcoming combined capacity of 17.5 MTPA, making it the largest single-location steel facility in India.
Environmental Certifications and Net-Zero Targets Underline Sustainability Focus
JSW Steel continues to advance its leadership in responsible manufacturing and sustainability. Over 80% of its domestic production is now Responsible Steel™ Certified. The company also received global recognition for its SEED project during COP28 for its contributions to the energy transition.
JSW Steel has laid out several clear sustainability milestones:
- Reduce CO₂ emissions by 42% by 2030
- Achieve net-zero emissions by 2050
- Shift to 100% renewable energy in steel-making operations by 2030
- Achieve a zero liquid discharge status at all operational sites
Global Recognition Strengthens JSW’s Sustainability Credentials
JSW Steel’s consistent efforts in ESG have earned it multiple international accolades:
- Steel Sustainability Champion by the World Steel Association for seven consecutive years (2019–2025)
- 2nd globally in the S&P Global Corporate Sustainability Assessment (CSA) Score 2024
- 8th in World-Class Steelmaker Rankings by World Steel Dynamics
These recognitions highlight the company’s ongoing commitment to responsible growth, transparency, and environmental impact management.
JSW Steel’s Expanding Global Presence Enhances Strategic Position
With operations extending into the U.S. and a strong domestic base, JSW Steel continues to focus on innovation, sustainability, and expansion. Listed on both the NSE and BSE, the company is part of the JSW Group, which spans infrastructure, cement, energy, real estate, and digital platforms. JSW Steel remains a key player in India’s industrial growth, backed by its strong governance and forward-looking strategies.
REF:https://nsearchives.nseindia.com/corporate/jessydenny_08072025171656_production_press_release.pdf
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