JSW Steel Ltd (NSE:JSWSTEEL)

Q3 2026 JSW Steel Ltd Earnings Call Transcript

Jan 23, 2026 / 12:00 PM GMT

Release Date Price: ₹1170 (-1.22%)

Transcript

Key Points

Positve

JSW Steel Ltd (BOM:500228) announced a strategic joint venture with JP Steel Japan, which will enable significant cash flow and deleveraging.
The company has approved a 5 million ton steel plant in Orissa, with potential expansion to 13.2 million tons, enhancing capacity growth.
JSW Steel Ltd (BOM:500228) achieved its best-ever sales, with a 14% year-over-year increase, driven by ramped-up production capacity.
The company is ranked number one in the global steel sector for sustainability by S&P Global and is part of the Dow Jones Sustainability Index.
JSW Steel Ltd (BOM:500228) is on track to meet its full-year guidance for production and sales, with strong demand expected in the upcoming quarters.

Negative

Steel prices were at multi-year lows during the quarter, negatively impacting realizations.
Coking coal costs increased, affecting margins despite efforts to mitigate through product mix and cost efficiency.
The company's US operations faced lower volumes due to plant shutdowns, impacting overall profitability.
There is uncertainty regarding the impact of the Carbon Border Adjustment Mechanism (CBAM) on exports to Europe.
The company faces challenges in securing high-grade iron ore domestically, leading to increased imports for blending purposes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JSTL.NS - JSW Steel Ltd
Q3 2026 JSW Steel Ltd Earnings Call
Jan 23, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the JSW Steel Q3 FY26 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference, please signal an operator by pressing and then 0 on your touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Ashwin Bajaj, group head of investor relations.

Thank you and over to you, sir.

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Unidentified_2 [2]
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