JSW Steel First Quarter 2026 Earnings: EPS Beats Expectations, Revenues Lag

JSW Steel (NSE:JSWSTEEL) First Quarter 2026 Results

Key Financial Results

• Revenue: ₹435.0b (up 1.3% from 1Q 2025).
• Net income: ₹21.8b (up 159% from 1Q 2025).
• Profit margin: 5.0% (up from 2.0% in 1Q 2025). The increase in margin was primarily driven by lower expenses.
• EPS: ₹8.95 (up from ₹3.47 in 1Q 2025).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

JSW Steel EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Metals and Mining industry in India.

Performance of the Indian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - JSW Steel has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.