JSWSTEEL

Q1FY26 Operational Highlights

➡️ Strong Profitability Surge:

recorded a significant 38% year-on-year jump in consolidated EBITDA for Q1 FY26, reaching ₹7,600 crore. This robust profit growth was primarily driven by increased sales volumes and reduced raw material expenses. ➡️ Solid Sales Growth & Positive Outlook: The company saw its sales volume expand by 9% to 6.7 million tonnes in Q1 FY26. Management anticipates full-year FY26 sales to hit 29.2 million tonnes, a 13% annual increase, supported by a strong domestic market outlook. ➡️ Strategic Capacity Expansion: JSW Steel is actively investing in expanding its capacity and backward integration to capitalize on robust domestic demand. The 5 million tonnes per annum expansion at Vijayanagar is expected to significantly boost EBITDA and operational efficiency. ➡️ Improved Financial Leverage: Strong cash generation contributed to a reduction in the company's net debt-to-EBITDA ratio, which improved to 3.2x in Q1 FY26 from 3.4x in Q1 FY25. ➡️ Valuation & Future Cues: The stock currently trades at an enterprise value of 9.4x its estimated FY26 EBITDA, aligning with its five-year average.