JSW Steel’s quarterly profit zooms nearly fourfold

JSW Steel reported a consolidated net profit of ₹16,230 crore in Q2, almost four times its figure from the prior year. Strong volume growth (~20%) and robust domestic demand powered the earnings surge. EBITDA margins expanded to ~17.4%. The company maintained ~92% capacity utilisation. Markets responded positively, and the stock was among sector outperformers into the close, reinforcing strength in the steel cycle. JSW led the cyclicals rally amid broad strength in industrials and metals.