JSW Steel To Remain Cautious Amid Global Price Volatility And Trade Flow Shifts, Says Jayant Acharya

JSW Steel Ltd. reported a 14% increase in production volume during the quarter ended June 30, despite two of its blast furnaces undergoing planned maintenance shutdowns, said Joint Managing Director and Chief Executive Officer Jayant Acharya.

"In spite of challenges and uncertainties, JSW Steel has delivered strong operational performance. If you look at our production volume, it grew by 14%," Acharya told NDTV Profit. "Our sales volume grew by 9%," he added.

JSW Steel recorded a 45% rise in its consolidated net profit for the quarter ended June 30, 2025. However, the company’s revenue declined 3.7% to Rs 43,147 crore, compared to Rs 44,819 crore during the same period last year.

The company’s net profit came in at Rs 2,184 crore in the first quarter, as against Rs 1,503 crore in the previous quarter, according to an exchange filing on Friday.

"A positive aspect of the sales volume is that the domestic component of sales in India grew by 12%," Acharya said.

From an Ebitda perspective, JSW Steel’s performance tells a positive story. "It has gone up, as we have benefited from the sales price improvement in the market," he said.

"Prices, while they increased in April and May, have moderated in June and partly in July," Acharya noted.

He also highlighted that even though international prices have declined and global trade flows are changing, JSW Steel remains cautious for the coming quarters.

He added that safeguards in India have provided steel producers the necessary protection to prevent dumping.

"The geopolitical challenges we are witnessing, compounded by recent tariff policies, are dampening sentiment globally, by and large," said Acharya.