JSW Steel Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Revenue	1,990,210	1,854,700	1,688,240	1,750,060	1,659,600	1,463,710
Revenue Growth	14.06%	9.86%	-3.53%	5.45%	13.38%	83.33%
Cost of Revenue	1,165,360	1,065,330	1,017,180	1,040,950	1,028,870	748,310
Gross Profit	824,850	789,370	671,060	709,110	630,730	715,400
Selling, General & Admin	54,390	54,190	49,260	47,130	40,030	35,710
Other Operating Expenses	392,880	405,720	387,130	375,260	384,360	283,560
Operating Expenses	535,740	555,920	529,480	504,110	499,130	379,280
Operating Income	289,110	233,450	141,580	205,000	131,600	336,120
Interest Expense	-75,300	-88,460	-81,420	-77,290	-64,620	-46,660
Interest & Investment Income	7,140	7,140	5,740	8,570	7,640	6,740
Earnings From Equity Investments	-930	-4,750	-3,110	-1,720	-1,370	9,170
Currency Exchange Gain (Loss)	-30,070	-30,070	-4,310	-3,390	-20,260	-4,720
Other Non Operating Income (Expenses)	4,450	-860	-1,740	-2,810	-3,230	-2,250
EBT Excluding Unusual Items	194,400	116,450	56,740	128,360	49,760	298,400
Impairment of Goodwill	-	-	-	-	-	-1,990
Gain (Loss) on Sale of Investments	3,640	3,640	240	480	1,400	7,180
Gain (Loss) on Sale of Assets	-1,180	-1,180	-1,320	-930	-520	-720
Asset Writedown	-	-	-	-	-	-4,310
Other Unusual Items	173,590	173,590	-4,890	5,890	5,910	-1,110
Pretax Income	370,450	292,500	50,770	133,800	56,550	297,450
Income Tax Expense	53,370	37,420	15,860	44,070	15,160	88,070
Earnings From Continuing Operations	317,080	255,080	34,910	89,730	41,390	209,380
Minority Interest in Earnings	-32,690	-31,920	130	-1,610	50	-2,730
Net Income	284,390	223,160	35,040	88,120	41,440	206,650
Net Income to Common	284,390	223,160	35,040	88,120	41,440	206,650
Net Income Growth	371.86%	536.87%	-60.24%	112.64%	-79.95%	161.22%
Shares Outstanding (Basic)	2,441	2,441	2,439	2,425	2,402	2,404
Shares Outstanding (Diluted)	2,446	2,445	2,445	2,436	2,417	2,417
Shares Change	0.01%	-	0.39%	0.78%	-	-
EPS (Basic)	116.51	91.43	14.37	36.34	17.25	85.96
EPS (Diluted)	116.29	91.25	14.32	36.17	17.14	85.49
EPS Growth	371.93%	537.22%	-60.41%	111.03%	-79.95%	161.20%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	124,090	104,980	82,050	-37,230	85,390	161,790
Free Cash Flow Per Share	50.74	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	41.45%	42.56%	39.75%	40.52%	38.01%	48.88%
Operating Margin	14.53%	12.59%	8.39%	11.71%	7.93%	22.96%
Profit Margin	14.29%	12.03%	2.08%	5.04%	2.50%	14.12%
Free Cash Flow Margin	6.24%	5.66%	4.86%	-2.13%	5.15%	11.05%
EBITDA	372,180	324,060	230,420	283,700	202,440	392,380
EBITDA Margin	18.70%	17.47%	13.65%	16.21%	12.20%	26.81%
D&A For EBITDA	83,070	90,610	88,840	78,700	70,840	56,260
EBIT	289,110	233,450	141,580	205,000	131,600	336,120
EBIT Margin	14.53%	12.59%	8.39%	11.71%	7.93%	22.96%
Effective Tax Rate	14.41%	12.79%	31.24%	32.94%	26.81%	29.61%
Revenue as Reported	2,008,000	1,867,180	1,695,180	1,760,100	1,669,900	1,479,020