JSW Steel’s August Production Climbs 3% YoY, Touching 24.65 Lakh Tonnes

JSW Steel’s consolidated crude‑steel production nudged higher in August 2026, registering a 3% year‑on‑year rise to reach 24.65 lakh tonnes. The modest gain might look small, but it masks a healthier story underneath – domestic plants in India cranked up output by 4%, lifting the overall figure.

According to the company’s exchange filing, Indian operations ran at an 88% capacity utilisation rate during the month. That’s a solid performance, especially when you consider the 11% dip in the U.S. segment, which slipped to just 0.78 lakh tonnes. In short, the home‑grown surge more than compensated for the overseas slump.

There’s also a footnote about the Bhushan Power and Steel Limited (BPSL) unit. The steel‑making business of that subsidiary was transferred on a slump‑sale basis to the JSW‑JFE joint venture in March 2026, so the numbers for the transferred unit have been stripped out of this year’s comparison – a technical detail, but one that explains the adjusted figures.

Looking beyond August, the first quarter of FY 27 (Q1FY27) painted a similarly upbeat picture. Consolidated production hit 6.59 million tonnes, up 3% YoY and 2% quarter‑on‑quarter. Excluding the temporarily‑shut BF‑3 blast furnace, output jumped a healthy 15% year‑on‑year. Capacity utilisation in India rose to 94% (again, excluding BF‑3), while steel sales for the quarter climbed 4% YoY to 6.02 million tonnes, even though they slipped 13% against the previous quarter.

Financially, the steelmaker reported revenue of ₹47,364 crore and an adjusted EBITDA of ₹9,373 crore, translating to a 19.8% margin. The EBITDA figure itself grew 8% over the prior quarter, buoyed by better sales realisations, although higher coking‑coal costs ate into the gains. Reported EBITDA ticked up to ₹9,383 crore and profit after tax settled at ₹4,696 crore.

On the market side, JSW Steel’s shares closed at ₹1,325 each, a modest rise of 1.22% (up 16 points) from the previous close of ₹1,309. The modest share‑price bump mirrors the company’s steady, if not spectacular, performance in a volatile steel landscape.