JSW Steel stock reports 112.6 percent profit growth in Q1 FY27

Published on 10/07/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JSW Steel stock traded at INR 1,233 on October 7, 2026, down 2.11 percent in NSE trading. Q1 profit rose 112.6 percent and Nomura kept its Buy rating.

JSW Steel, INE019A01038, Illustration mit AI erstellt.

JSW Steel (ISIN INE019A01038) was trading at INR 1,233 on the NSE on October 7, 2026, down 2.11 percent from the previous close. The company enters its next results checkpoint after Q1 FY27 net profit rose 112.6 percent year over year to INR 46.96 billion, according to Financial Express on September 22, 2026.

Q1 profit growth sets the benchmark

Consolidated revenue from operations reached INR 473.64 billion in Q1 FY27, an increase of 9.8 percent from the year-earlier quarter. The operating profit margin rose 220 basis points year over year to 19.8 percent, giving the latest quarter a stronger profitability profile than the revenue growth alone suggests.

The comparison with the preceding quarter is more mixed. Revenue fell 7.5 percent from INR 511.80 billion in Q4 FY26, while EBITDA increased 8.7 percent to INR 93.83 billion and the margin expanded from 16.9 percent to 19.8 percent, according to NDTV Profit on September 28, 2026. The unusual Q4 comparison reflects a reported exceptional gain of INR 178.88 billion in that quarter.

Nomura sees INR 1,400 target

Nomura retained its Buy rating on JSW Steel with a target price of INR 1,400 in a report covered by Financial Express on September 30, 2026. The report price was INR 1,276, and Nomura based the valuation on an 8.1 times forward EV to EBITDA multiple for June 2028.

The stock's current NSE price is INR 1,233, making the target INR 167 higher than the October 7 quotation. Nomura linked its view to domestic steel pricing and demand, while the Q1 figures show that margin expansion has become a more important driver than sequential revenue growth.

October results date approaches

JSW Steel will publish unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, on October 23, 2026, according to NDTV Profit on September 28, 2026. That report will show whether the 19.8 percent Q1 operating margin was sustained into the September quarter.

Stock stays below yearly high

At INR 1,233 on the NSE at 12:49 p.m. IST on October 7, 2026, JSW Steel was 8.73 percent below its 52-week high of INR 1,351 and above its 52-week low of INR 1,073.20. The market capitalization was INR 3,009.7 billion, and volume stood at 755,811 shares.