JSW Steel Ltd — Q4 FY26
JSW Steel reported a strong Q4 FY26 with consolidated revenue crossing ₹51,100 crore for the first time, adjusted EBITDA of ₹9,713 crore (19% margin), and normalized PAT of ₹3,4...
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q3 FY26
FY26 volume guidance maintained: production 30.5M tons, sales 29.2M tons
Management expects to broadly achieve full-year guidance for production and sales, with Q4 volumes similar to Q3.
Partial / close
Current-quarter commentary contains related evidence, but delivery is not conclusive enough for a clean met verdict.
heuristic_v1
Q3 FY26
Q4 margins expected to improve
Steel prices have recovered INR 3,500/ton since end-December, offsetting higher coking coal costs ($15-20/ton increase).
Partial / close
Current-quarter commentary contains related evidence, but delivery is not conclusive enough for a clean met verdict.
heuristic_v1
Q3 FY26
FY26 capex guidance INR 15,000-16,000 crore
Total capex for FY26 expected in the range of INR 15,000-16,000 crore.
Partial / close
Current-quarter commentary contains related evidence, but delivery is not conclusive enough for a clean met verdict.
heuristic_v1