JSW Steel Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	1,820,370	1,688,240	1,750,060	1,659,600	1,463,710
Other Revenue	34,330	-	-	-	-
Revenue	1,854,700	1,688,240	1,750,060	1,659,600	1,463,710
Revenue Growth (YoY)	9.86%	-3.53%	5.45%	13.38%	83.33%
Cost of Revenue	1,196,970	1,017,180	1,040,950	1,028,870	748,310
Gross Profit	657,730	671,060	709,110	630,730	715,400
Selling, General & Admin	52,850	49,260	47,130	40,030	35,710
Other Operating Expenses	306,670	387,130	375,260	384,360	283,560
Operating Expenses	455,530	529,480	504,110	499,130	379,280
Operating Income	202,200	141,580	205,000	131,600	336,120
Interest Expense	-91,020	-81,420	-77,290	-64,620	-46,660
Interest & Investment Income	-	5,740	8,570	7,640	6,740
Earnings From Equity Investments	-4,750	-3,110	-1,720	-1,370	9,170
Currency Exchange Gain (Loss)	-	-4,310	-3,390	-20,260	-4,720
Other Non Operating Income (Expenses)	12,480	-1,740	-2,810	-3,230	-2,250
EBT Excluding Unusual Items	118,910	56,740	128,360	49,760	298,400
Impairment of Goodwill	-	-	-	-	-1,990
Gain (Loss) on Sale of Investments	-	240	480	1,400	7,180
Gain (Loss) on Sale of Assets	-	-1,320	-930	-520	-720
Asset Writedown	-	-	-	-	-4,310
Other Unusual Items	173,590	-4,890	5,890	5,910	-1,110
Pretax Income	292,500	50,770	133,800	56,550	297,450
Income Tax Expense	37,420	15,860	44,070	15,160	88,070
Earnings From Continuing Operations	255,080	34,910	89,730	41,390	209,380
Minority Interest in Earnings	-31,920	130	-1,610	50	-2,730
Net Income	223,160	35,040	88,120	41,440	206,650
Net Income to Common	223,160	35,040	88,120	41,440	206,650
Net Income Growth	536.87%	-60.24%	112.64%	-79.95%	161.22%
Shares Outstanding (Basic)	2,441	2,439	2,425	2,402	2,404
Shares Outstanding (Diluted)	2,446	2,445	2,436	2,417	2,417
Shares Change (YoY)	0.01%	0.39%	0.78%	-	-
EPS (Basic)	91.43	14.37	36.34	17.25	85.96
EPS (Diluted)	91.25	14.32	36.17	17.14	85.49
EPS Growth	537.22%	-60.41%	111.03%	-79.95%	161.20%
Free Cash Flow	104,980	82,050	-37,230	85,390	161,790
Free Cash Flow Per Share	42.93	33.55	-15.28	35.33	66.93
Dividend Per Share	7.100	2.800	7.300	3.400	17.350
Dividend Growth	153.57%	-61.64%	114.71%	-80.40%	166.92%
Gross Margin	35.46%	39.75%	40.52%	38.01%	48.88%
Operating Margin	10.90%	8.39%	11.71%	7.93%	22.96%
Profit Margin	12.03%	2.08%	5.04%	2.50%	14.12%
Free Cash Flow Margin	5.66%	4.86%	-2.13%	5.15%	11.05%
EBITDA	298,210	230,420	283,700	202,440	392,380
EBITDA Margin	16.08%	13.65%	16.21%	12.20%	26.81%
D&A For EBITDA	96,010	88,840	78,700	70,840	56,260
EBIT	202,200	141,580	205,000	131,600	336,120
EBIT Margin	10.90%	8.39%	11.71%	7.93%	22.96%
Effective Tax Rate	12.79%	31.24%	32.94%	26.81%	29.61%
Revenue as Reported	1,867,180	1,695,180	1,760,100	1,669,900	1,479,020

Source: S&P Global Market Intelligence. Standard template. Financial Sources.