Steelmaker JSW Steel reported a nearly fourfold jump in consolidated net profit to ₹1,623 crore for the quarter ended September 30, compared with ₹439 crore a year earlier.
The sudden rise was driven by higher sales volumes that offset weaker steel prices. Revenue rose 13.8% year-on-year to ₹45,152 crore, while adjusted EBITDA climbed 39% to ₹7,849 crore on lower input costs.
Crude steel output hit a record 7.9 million tonnes, up 17% year-on-year. The company reduced its net debt to ₹79,153 crore and maintained a full-year capex plan of ₹20,000 crore.