Image Source: Mint
JSW Steel, India's leading steel manufacturer, has made strong projections for the fiscal year 2025-26 (FY26), indicating sustained growth and healthy shareholder returns. Its forward-looking guidance and recent financial releases underscore its increasing leadership role in the steel industry.
FY26 Guidance: Sales and Production
Saleable Steel Sales Target:
JSW Steel anticipates total saleable steel sales of 29.20 million tonnes (MT) in FY26 from approximately 25 MT in FY24, indicating the company's high growth ambitions and capacity ramp-up.
Crude Steel Production Target:
The company is targeting total crude steel production of 30.50 MT in FY26, a sharp spike over the record 26.43 MT in FY24 and the forecasted 27–28 MT in FY25.
Dividend Declaration
JSW Steel has announced a dividend of ₹2.8 per share, following its trend of rewarding investors with consistent payouts. This is after a dividend of ₹3.4 per share during FY24, reflecting sustained financial strength.
Financial Performance Update
Q4 FY25 Revenue:
JSW Steel posted consolidated total revenue from operations of ₹448.19 billion for Q4 FY25, in line with analyst estimates of ₹449.38 billion. The performance reflects the company's consistent revenue growth and operational resilience.
Recent Operational Highlights
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Record Production: JSW Steel registered its highest-ever consolidated crude steel production in Q4 FY25 at 7.63 MT, up by 12% year-on-year, with Indian operations contributing 7.40 MT.
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Capacity Utilization: The company ensured high capacity utilization rates, with Indian operations operating at more than 91–93% during the recent quarters.
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Sustained Sales Growth: Saleable steel sales for the most recent quarter were 6.71 MT, indicating strong demand and effective output.
Summary
JSW Steel's recent estimates and financials indicate a promising growth path for FY26, with aggressive sales and production targets. The company's ongoing emphasis on capacity growth, high operational efficiency, and consistent shareholder returns make it a front-runner in the Indian and international steel market.
Key Sources: Statista, Financial Express, Bajaj Broking, Moneycontrol, Angel One
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