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JSW Steel, on Friday, 8 May, informed bourses that, along with the financial results, its board will now also consider dividend and fundraising proposals at its ensuing meeting next week.
The company in March had informed that its board will meet on 14 May to consider and approve the financial results for the fourth quarter of the financial year 2025-26 (Q4FY26). In another update today, it added that it will recommend payment of a dividend.
Furthermore, the board will also mull raising long-term funds through qualified institutional placement (QIP), issuance of redeemable non-convertible debentures or through other ways.
For the quarter under review, brokerages expect JSW Steel to report strong net profit and revenue growth, led by higher realisations and a modest increase in volumes.
Motilal Oswal projected a 77.3% year-on-year (YoY) increase in adjusted profit to ₹2,830 crore, led by strong net sales realisations (NSR) — a critical metric representing the net revenue received per tonne of steel sold after deducting costs like transportation and discounts.
It expects NSR to offset the cost impact and also drive margins in Q4FY26. In terms of sales growth, it expects JSW Steel to report a 12.4% increase YoY, while EBITDA could grow 28.3%.
Emkay Global, meanwhile, stated that it expects JSW Steel to report Q4 consolidated EBITDA of ₹8,420 crore (up 29.6% QoQ and 32% YoY), driven by higher realisations and partly offset by higher coking coal costs, leading to a ~ ₹2,300/t QoQ improvement in EBITDA spreads.
It added that volumes are likely to show a modest increase, with the BF-3 shutdown at Vijaynagar offset by the JVML ramp-up. It pegged Q4 revenue growth at 10% and profit at 67.5%.
Shares of JSW Steel have remained firm in the near term, rising 8.77% on a year-to-date (YTD) basis and 34% in a year amid demand for metal stocks. Meanwhile, on a longer time frame of 10 years, JSW Steel has jumped 865%, delivering multibagger gains to its investors.
On Friday, the large-cap stock was trading flat at ₹1275.05, down 0.64%.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br> At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.<br> Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.<br> Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.
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