JSW Steel Shares Advance 1.33% to Rs 1,237.30 at Close on Results Day

Mumbai, July 17: JSW Steel shares closed higher on Friday, advancing 1.33% to Rs 1,237.30, after trading in a volatile session on results day for the company. 

Shares of JSW Steel closed at Rs 1,237.30, up Rs 16.30 from its previous close of Rs 1,221.00. The stock opened flat at Rs 1,221.00, in line with its prior close, and touched an intraday high of Rs 1,243.90 and low of Rs 1,218.00. The volume weighted average price of the stock for the session was Rs 1,233.11. 

The stock traded robustly through the morning session before holding above Rs 1,220 for the majority of the afternoon session, dipping below its opening price around 1: 30 pm before bouncing sharply in the last hour of trade to close near its intraday high. 

Data available with exchange on the volume of shares traded on order book showed the stock completely on the sell side at the close, with an asking price of Rs 1,237.30 for 2,902 shares and no recorded bid, suggesting thin liquidity towards the end of session.

JSW Steel shares drop 0.84% over the past week, trading five days. The benchmark Nifty 50 rose 0.53% over the same period. The stock is down 4.06% over the last month, while the Nifty 50 index has gained 1.03% over the same period. 

Shares of JSW Steel have gained 5.42% on a year-to-date basis, while the Nifty 50 index is down 6.93% over the same period. The stock has outperformed the benchmark over one year, three years and five years as well, advancing 19.42%, 54.73% and 75.53%, compared with Nifty 50 returns of -3.09%, 23.45% and 52.82% respectively. 

Sources: NSE 

Q1 FY27 Consolidated Net Profit More Than Doubled at Rs 4,696 Cr 

JSW Steel Limited’s consolidated net profit jumped sharply for the quarter ended June 30, 2026 (Q1 FY27), even as revenue and expenses grew at a slower pace during the period, according to unaudited consolidated results approved by the company board on July 17, 20 26. 

The company’s consolidated net profit for the quarter was Rs 4,696 crore in Q1 FY27, more than doubling from Rs 2,209 crore in the year-ago period (Q1 FY26), an increase of approximately 113% year-on-year. 

Total revenue from operations during the quarter was Rs 47,364 crore, compared with Rs 43,147 crore in Q1 FY26, an increase of about 9.8% year-on-year. Other income during the quarter amounted to Rs 724 crore, more than doubling from Rs 350 crore in Q1 FY26. 

Total expenses during the quarter were up to Rs 41,830 crore from Rs 40,325 crore in Q1 FY26, an increase of approximately 3.7%. 

Reported EBITDA for the quarter was Rs 9,383 crore, up from Rs 6,816 crore in Q1 FY26 on a proforma basis, which excludes Bhushan Power and Steel Limited, which has been deconsolidated with effect from March 27, 20 26, thereby making it a like-for-like comparison), an increase of about 38% year-on-year. 

Basic earnings per equity share of Rs 19.05 for the quarter compared with Rs 8.95 in the year-ago period. Diluted earnings per share was Rs 19.02 against Rs 8.93 a year earlier. 

Source 

• JSW Steel Q1 FY27 unaudited consolidated financial results
• https://www.nseindia.com/get-quote/equity/JSWSTEEL/JSW-Steel-Limited