ConCallIQ
Go Pro
Home › JSW Steel › Revenue History

JSW Steel Revenue History — Quarter by Quarter

JSW Steel's revenue moved from ₹42,213 Cr in Q1 FY24 to ₹51,100 Cr in Q4 FY26, a 21.1% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹51,100 Cr—
Q3 FY26₹45,991 Cr—
Q2 FY26₹45,152 Cr—
Q1 FY26₹43,147 Cr—
Q4 FY25₹44,819 Cr—
Q3 FY25₹41,378 Cr—
Q2 FY25₹39,684 Cr—
Q1 FY25₹42,943 Cr—
Q4 FY24₹46,269 Cr+10%
Q3 FY24₹41,940 Cr—
Q2 FY24₹44,584 Cr—
Q1 FY24₹42,213 Cr—

What management said about revenue

G

Q4 FY26 · FY27 consolidated production target of 29.75 million tons

Management guided production of 29.75 million tons for FY27, representing ~13% growth on a like-for-like basis (excluding BPSL).

G

Q4 FY26 · FY27 sales volume guidance of 28.6 million tons

Sales volume expected at 28.6 million tons, implying ~10% growth YoY, including BMM Ispat acquisition.

G

Q4 FY26 · Capex of ₹22,000-24,000 crore in FY27

Part of the ₹126,000 crore growth capex plan to be spent over 4-5 years; FY27 spend guided at ₹22,000-24,000 crore.

G

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.

G

Q3 FY26 · FY27 India steel demand growth 7-9%

Management projects India steel demand growth of 7-9% for FY2027.

G

Q2 FY26 · Steel prices expected to improve in November-December

Management expects steel prices to rise in Q3 as channel inventories are low and demand picks up seasonally.

G

Q1 FY26 · Q2 volumes expected to increase sequentially

Management expects higher volumes in Q2 as shutdowns are behind and JVML second converter starts.

G

Q1 FY26 · India steel demand growth 8.5%-9.5% for FY26

CRISIL forecast of demand growth in the range of 8.5%-9.5% for the financial year, supported by government capex and monetary easing.

G

Q4 FY25 · FY26 production guidance of 30.5 million tons

Consolidated crude steel production expected at 30.5 million tons, implying ~10% growth over FY25.

G

Q4 FY25 · FY26 sales guidance of 29.2 million tons

Steel sales guided at 29.2 million tons, also ~10% growth, in line with domestic demand growth.

G

Q4 FY25 · Q1 FY26 price improvement of INR 3,200-3,250/ton

Realizations expected to improve by INR 3,200-3,250 per ton in Q1 FY26 vs Q4 FY25 due to price hikes in March-April.

G

Q3 FY25 · FY25 volume guidance at ~98% of 28.4M tons production target

Management expects to achieve around 98% of the guided production volume of 28.4 million tons for FY25, due to delayed startup of JVML facility.