India’s JSW Steel reported consolidated net profit of INR 53.59 billion ($565.88 million) for the second quarter of fiscal 2026-27, which ended in September. That was up 225% year on year, the company said on October 23.
Revenue for July-September rose 20.7% to INR 544.86 billion ($5.75 billion). The company also recorded quarterly highs in crude steel production, at 7.27 million mt, up 5% year on year, and sales, at 7.46 million mt, up 13%.
JSW Steel attributed the increase in output to the start-up of upgraded blast furnace No. 3 at its Vijayanagar plant in southern India. The furnace reached 90% capacity utilization. In India, the company produced 7.07 million mt of crude steel, with domestic mills averaging 88% utilization, while sales rose 14% year on year to 7.27 million mt.
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