India's JSW Steel consolidated net profit grew by 198% in the third quarter of fiscal year 2025-26

Indian company JSW Steel Limited achieved consolidated net profit of INR 21,390 million ($233.54 million) in the third quarter (October-December) of fiscal year 2025-26, an increase of 198% year-on-year, according to a company statement on Friday, January 23.

The company reported total revenue of INR 459,910 million ($5.02 billion) during the quarter, an increase of 11% year-on-year.

JSW Steel has also announced key expansion plans. The company's board of Directors approved the establishment of a steel mill with a capacity of five million tons per year in Odisha worth 316 billion Indian rupees, which the company intends to put into operation by 2029-30.The company's Board of Directors also approved the creation of a new joint venture for the land development project.The joint venture will be headed by Peddar Realty Limited (PRL), a subsidiary of JSW Steel, which will own 51 percent. The remaining property will be divided between JSW Realty Private Ltd (JSWRPL) and other partners.