India's JSW Steel posts two-fold rise in quarterly profit on price recovery, healthy demand

JSW Steel

14/05/2026 11:09

May 14 (Reuters) - India's JSW Steel JSTL.NS reported a more than two-fold jump in quarterly profit before exceptional items and tax on Thursday, driven by a rebound in steel prices and healthy demand that overtook a rise in costs linked to the Iran war.

The Mumbai-based steelmaker's consolidated profit before exceptional items and tax jumped to 44.89 billion rupees ($468.7 million) for the quarter ended March 31.

($1 = 95.7737 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Eileen Soreng and Harikrishnan Nair)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))