JSW Steel Ltd Share Price – NSE  / BSE

Steel, Mid Cap

On a sequential basis, the company?s steel production declined 5% in Q3 FY26.

Indian operations produced 7.28 million tonnes of steel during the quarter, reflecting a 7% YoY growth. Meanwhile, steel production at JSW Steel USA?Ohio declined 4.76% YoY to 0.20 million tonnes in Q3 FY26.

The company said that Blast Furnace 3 (BF3) at Vijayanagar has been under shutdown for capacity upgradation since the end of September 2025 and is expected to be commissioned by the end of Q4 FY26. As a result, capacity utilisation at Indian operations was impacted during the quarter. Capacity utilisation excluding BF3 stood at around 93%, while including BF3 capacity, it was 85% for Q3 FY26.

On a nine-month basis, JSW Steel?s consolidated steel production rose 12% YoY to 22.65 million tonnes in 9M FY26.

JSW Steel is the flagship business of the diversified, US$ 23 billion JSW Group. As one of India?s leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.

JSW Steel reported a massive 269.7% surge in consolidated net profit to Rs 1,623 crore in Q2 FY26, compared to Rs 439 crore in the corresponding period last year. Revenue from operations rose 13.77% year-on-year to Rs 45,152 crore in the quarter ended 30 September 2025.

The counter rose 0.65% to Rs 1,162.85 on the BSE.

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JSW Steel reported consolidated Crude Steel production for Q3 FY26 at 7.48 million tonnes. The Crude Steel production was higher by 6% YoY.

Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgradation of capacity from end of September 2025 and is expected to be commissioned by end of Q4 FY26. Consequently, this affected the capacity utilisation at Indian operations for Q3 FY26. The capacity utilisation for Indian operations for the quarter excluding BF3 capacity was at ~93% and including BF3 capacity was at 85%.

The break-up of production is as below: (MT)

*Including Trial run production of 0.12 MT

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JSW Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 1187.7, up 0.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 26333.05. The Sensex is at 85709.92, down 0.06%. JSW Steel Ltd has risen around 6.13% in last one month.

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 13.22% in last one month and is currently quoting at 11421.85, up 0.53% on the day. The volume in the stock stood at 6.14 lakh shares today, compared to the daily average of 15.95 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 1192.6, up 0.64% on the day. JSW Steel Ltd is up 31.83% in last one year as compared to a 11.5% spurt in NIFTY and a 35.79% spurt in the Nifty Metal index.

The PE of the stock is 38 based on TTM earnings ending September 25.

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JSW Steel surged 4.97%, Tata Steel added 2.50%, Jindal stainless rose 0.64%, Steel Authority of India (SAIL) climbed 4.15%, Jindal Steel rallied 3.33%.

The duty on select non-alloy and alloy steel products will be set at 12% in the first year, before being reduced to 11.5% in the second year and further to 11% in the third year. Imports from certain developing countries are exempt, while shipments from China, Vietnam and Nepal will be subject to the levy. Specialty steel products, including stainless steel, are excluded.

The safeguard measure is expected to support domestic steel prices and protect margins at a time when global steel prices remain subdued.

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