JSW Steel reports strong Q2 FY26 results, announces subsidiary mergers

JSW Steel Limited announced the merger of its wholly-owned subsidiaries, Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited, into JSW Steel Limited, effective April 1, 2026. This strategic move aims to streamline group structure, enhance operational efficiencies, and reduce administrative costs, as detailed in the October 17, 2025 filing.

Concurrently, JSW Steel reported strong Q2 FY26 financial results, with consolidated crude steel production reaching 7.90 million tonnes, a 17% year-over-year increase. Saleable steel sales were 7.34 million tonnes, up 20% year-over-year. Revenue from operations for the quarter stood at INR 45,152 crores, with an adjusted EBITDA of INR 7,849 crores. Net profit after tax was INR 1,646 crores.

The company also highlighted significant project progress, including the full commissioning of the Vijayanagar 5 MTPA Hot Strip Mill and approval for a new 1 MTPA EAF in Kadapa. Capex for Q2 FY26 was INR 3,135 crores. The Supreme Court upheld JSW Steel’s resolution plan for Bhushan Power & Steel Ltd on September 26, 2025.