News

JSW Steel Share Price Target 2025: India-based steel manufacturer JSW Steel posted a blockbuster Q2 FY26 performance, with net profit surging nearly 270 per cent, but brokerages remain divided on the stock’s outlook.

Jefferies maintained a Buy rating on the stock, raising the target price from Rs 1,200 to Rs 1,400, citing the company’s strong production and profitability metrics. In contrast, Citi retained a Sell rating but increased the target from Rs 880 to Rs 915, highlighting differing outlooks among brokerages despite the company’s strong earnings.

JSW Steel reported a consolidated net profit of Rs 1,623 crore in Q2 FY26, a 269.7 per cent jump from Rs 439 crore in the year-ago period. Revenue from operations rose 13.77 per cent year-on-year to Rs 45,152 crore. Profit before tax surged 197.08 per cent to Rs 2,344 crore, compared with Rs 789 crore in Q2 FY25.

The company’s reported EBITDA reached Rs 7,115 crore, marking a 31 per cent increase from Rs 5,437 crore in the same quarter last year. The EBITDA margin improved significantly to 17.4 per cent in Q2 FY26 from 14.2 per cent in Q2 FY25.

Consolidated crude steel production during Q2 FY26 touched an all-time high of 7.90 million tonnes, up 17 per cent year-on-year. This growth was driven by the Dolvi plant operating at optimum capacity following a planned maintenance shutdown in Q1 FY26, along with ramp-ups at JVML and BPSL expansions. Consolidated sales rose 20 per cent year-on-year to 7.34 million tonnes.

Domestic sales reached 6.33 million tonnes, reflecting a 14 per cent increase year-on-year and a 6 per cent rise quarter-on-quarter. Exports jumped 89 per cent year-on-year and 56 per cent quarter-on-quarter, contributing 10 per cent to Indian operations sales in Q2 FY26. Retail sales volumes grew 26 per cent year-on-year and 13 per cent quarter-on-quarter.

JSW Steel closed Friday at Rs 1,166, down Rs 6.10 or 0.52 per cent. The stock opened at Rs 1,175, touched a high of Rs 1,178 and a low of Rs 1,149.60 during the session. The company’s market capitalization stands at Rs 2.84 lakh crore, with a 52-week high of Rs 1,178.80 and a 52-week low of Rs 880.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

Prior to joinin