Iron & Steel Products company JSW Steel announced Q1FY26 results Consolidated Crude Steel Production for the Quarter stood at 7.26 million tonnes, higher by 14% YoY. Capacity utilization at the Indian operations was 87% during the Quarter vs 93% in Q4FY25, impacted by planned maintenance shutdowns. Steel Sales for the Quarter stood at 6.69 million tonnes, higher by 9% YoY. The Institutional as well as Retail sales volumes were higher by 12% YoY. Domestic sales at 5.96 million tonnes increased 12% YoY. Exports fell 20% YoY and constituted 7% of sales from the Indian operations for Q1FY26. The Company registered Revenue from Operations of Rs 43,147 crore and Operating EBITDA of 7,576 crore, with an EBITDA margin of 17.6% during the quarter. The EBITDA increased by 37% YoY, driven primarily by higher volumes and lower coking coal costs. The Profit after Tax for the Quarter was Rs 2,209 crore. The Company's Net Gearing (Net Debt to Equity) stood at 0.95x at the end of the Quarter, as against 0.94x at the end of Q4FY25, and Net Debt to EBITDA stood at 3.20x, as against 3.34x at the end of Q4FY25. Net Debt as of 30th June 2025 stood at Rs 79,850 crore, higher by 3,287 crore vs 31st March 2025, higher mainly due to investment in working capital. Result PDF