JSW Steel Q2 profit jumps four-fold; market cheers at close

JSW Steel delivered a blockbuster Q2 with consolidated net profit at ₹16,230 crore, up nearly four times from ~₹4,390 crore a year ago. Strong volume growth (~20%) and robust domestic demand powered the performance, with capacity utilisation touching ~92%. Its adjusted EBITDA margin widened to 17.4%. The stock rallied into the close, helping the steel index outperform amid broader strength. Many analysts see this as a signal of cyclical recovery in metals ahead of more Q2 results.