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JSW Steel Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Sept 2026 | Ferrous Metals | Market Cap: ₹3.3L Cr

India steel consumption is expected to grow at a healthy rate of 7% to 9%, providing strong demand for future capacity growth. - Domestic steel demand growth is supported by public and private capex, manufacturing expansion, and a robust automotive sector. - JSW Steel aims to maintain 90% focus on the domestic market, expecting Indian demand to grow steadily. - Capacity expansions like the BF-3 blast furnace ramp-up at Vijayanagar (completed and lit) will increase production volumes in coming quarters. - Exports may rise to Europe and other markets, with Europe expected to remain a high-priced import market due to CBAM, though exports are currently a smaller percentage. - JSW Steel expects quarter-on-quarter volume improvements, especially in Q2 FY27, with recovery from seasonal impacts and project normalizations. - Capex of Rs. India’s domestic steel demand is expected to grow healthily at 7% to 9%, supporting future capacity growth.

From JSW Steel's Q1 FY27 earnings-call transcript · updated 3 Sept 2026.

Price

₹1,306

Market Cap

₹3.3L Cr

P/E Ratio

27.1

Revenue Rank

Rank 3

Margin Rank

Rank 3

How does JSW Steel rank in Ferrous Metals?

Compare JSW Steel against every Ferrous Metals company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3
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JSW Steel — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹51.2K Cr, net profit ₹19.2K Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
- India steel consumption is expected to grow at a healthy rate of 7% to 9%, providing strong demand for future capacity growth. - Domestic steel demand growth is supported by public and private capex, manufacturing expansion, and a robust automotive sector. - JSW Steel aims to maintain 90% focus on the domestic market, expecting Indian demand to grow steadily. - Capacity expansions like the BF-3 blast furnace ramp-up at Vijayanagar (completed and lit) will increase production volumes in coming quarters. - Exports may rise to Europe and other markets, with Europe expected to remain a high-priced import market due to CBAM, though exports are currently a smaller percentage. - JSW Steel expects quarter-on-quarter volume improvements, especially in Q2 FY27, with recovery from seasonal impacts and project normalizations. - Capex of Rs. 22,000-24,000 crores planned for FY27 to support growth and expansions. Overall, JSW Steel forecasts strong volume and revenue growth driven by capacity ramp-ups and favorable market demand.

See what JSW Steel said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

Yes
  • →Ongoing capacity expansions: Dolvi Phase-III capacity addition (targeted by September 2027) adds around 2 million tonnes, including debottlenecking.
  • →Ground-breaking for 1 million tonne EAF and structural project at Kadapa, Andhra Pradesh, with commissioning targeted for FY29.
  • →Downstream capacity additions of about 0.44 million tonnes at Vijayanagar, Khopoli, and Rajpura.
  • →Enhancement of Khopoli plant for wider range of high-strength and value-added coated steel products.
  • →Adding rail capability to the 1 million tonne structural mill at Raigarh.
  • →Modernizing and expanding Dugda Washery for coking coal processing (completion expected second half of CY28).
  • →Strategic raw material investment:
  • → - 25 iron ore mines (13 operational, working to operationalize others).
  • → - MdR coking coal project in Mozambique, expected production start mid-2028.
  • → - Slurry pipeline with 30 million tonnes capacity; targeting 20 million tonnes throughput with Rs.1,000/tonne cost savings.
  • →No major update on Maharashtra 25 million tonne optionality land; mine evaluation ongoing.

See what JSW Steel said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

No information
The transcript from the provided pages of JSW Steel Limited's presentation does not explicitly mention details regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Production volumes and capacity expansions (e.g., ramp-up of BF-3, Dolvi Phase-III by September 2027). - Market demand outlook for Q2 and H2, with expectations of volume increases. - Cost factors such as coking coal and iron ore prices. - Export markets and competitive positioning. - Financial metrics including net debt targets and rating upgrades. No specific figures or commentary on the order book size, expected order inflows, or pending orders are disclosed on the shared pages.

Key Metrics

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

No information

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What JSW Steel's management said in earlier quarters

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  • Jindal Steel (Q1 FY27)

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  • Jai Balaji Industries Ltd (Q1 FY27)

    Management discussed current debt levels: repayable term debt at INR 188 crores and working capital limits around INR 375-400 crores, with sanctioned debt…

  • Indian Metals & Ferro Alloys Ltd (Q1 FY27)

    Domestic sales comprised around 19% in Q1, with potential to increase as capacity grows. Key concall takeaways from Indian Metals's Q1 FY27 earnings call — and…

Compare:vs Tata Steel Ltdvs Jindal Steelvs S A I L

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Frequently Asked Questions

What were JSW Steel Q1 FY27 results?

India steel consumption is expected to grow at a healthy rate of 7% to 9%, providing strong demand for future capacity growth. - Domestic steel demand growth is supported by public and private capex, manufacturing expansion, and a robust automotive sector. - JSW Steel aims to maintain 90% focus on the domestic market, expecting Indian demand to grow steadily. - Capacity expansions like the BF-3 blast furnace ramp-up at Vijayanagar (completed and lit) will increase production volumes in coming quarters. - Exports may rise to Europe and other markets, with Europe expected to remain a high-priced import market due to CBAM, though exports are currently a smaller percentage. - JSW Steel expects quarter-on-quarter volume improvements, especially in Q2 FY27, with recovery from seasonal impacts and project normalizations. - Capex of Rs. India’s domestic steel demand is expected to grow healthily at 7% to 9%, supporting future capacity growth.

What is JSW Steel share price analysis?

JSW Steel currently shows a below-average growth signal. The stock trades at a P/E of 27.1 with a market cap of ₹326,444 Cr. Investors should review the full earnings analysis for detailed insights.

Is JSW Steel planning capital expenditure?

Ongoing capacity expansions: Dolvi Phase-III capacity addition (targeted by September 2027) adds around 2 million tonnes, including debottlenecking.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.