JSW Steel Q1 Results: Company's results better than expected - profit increases by more than 150%

News Topical, Digital Desk : JSW Steel Ltd announced its quarterly results as soon as the stock market closed on Friday. The company informed the exchange that its consolidated profit in the first quarter of FY26 has increased to Rs 2184 crore, a huge increase of 158 per cent from Rs 845 crore in the same quarter a year ago. However, a CNBC-TV18 poll had estimated a profit of Rs 1,859 crore.

The company said that the consolidated income of the company has increased to Rs 43147 crore in the June quarter, which was Rs 42,943 crore in the same quarter a year ago. The company said that during this period its EBITDA increased by 37.5 percent to Rs 7,576 crore, which was Rs 5,510 crore in the same quarter a year ago. In the June quarter, the company's EBITDA margin has increased from 12.8 percent year-on-year to 17.6 percent.

Approval for stake acquisition JSW Steel has approved the acquisition of 100 percent stake in Saffron Resources. Let us tell you that Saffron has 887 acres of land in Odisha, which can be important for the company's future projects. Apart from this, JSW Steel has a joint venture (JV) with Severfield Group, called JSSL. Currently the company has a 50 percent stake in JSSL. Now the board has approved the purchase of additional 24.9 per cent stake by the JV partner for Rs 235 crore under the put option. Stock performance On Friday, the company's stock closed at Rs 1,044.80 with a rise of 1.02 per cent. In the last one year, the company's stock has seen a rise of 12.17 per cent. 

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