JSW Steel Reports Q2 FY26 Financial Results: Crude Steel Production Hits Record 7.90 Million Tonnes

JSW Steel Limited has reported its financial results for the second quarter ended 30 September 2025 (Q2 FY26). The company's consolidated performance highlights include a 17% YoY increase in crude steel production to 7.90 million tonnes, a 20% YoY rise in saleable steel sales to 7.34 million tonnes, and a 39% YoY growth in adjusted EBITDA to INR 7,849 crores. The company's net profit after tax stands at INR 1,646 crores, with a net debt to equity ratio of 0.93x and a net debt to EBITDA ratio of 2.97x. The global growth outlook for 2026 is cautious due to geopolitical uncertainty and elevated tariffs. India's finished steel consumption grew by 8.9% YoY to 40.56mt, while crude steel production rose by 13.8% YoY to 41.79mt. China's steel production declined by 2.8% YoY, but exports surged 18% YoY. India remained a net importer during Q2 and H1 FY26.