Tools · JSWSTEEL.NS

JSW Steel Limited, taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is JSW Steel Limited’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

JSW Steel Limited annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2026FY2025FY2024FY2023
Revenue₹1.82 L Cr₹1.67 L Cr₹1.73 L Cr₹1.64 L Cr
Cost of revenue₹1.13 L Cr₹1.08 L Cr₹1.10 L Cr₹1.08 L Cr
Gross profit₹69,178 Cr₹58,881 Cr₹62,407 Cr₹55,480 Cr
Operating expenses₹45,833 Cr₹44,723 Cr₹41,911 Cr₹42,321 Cr
Operating income₹23,345 Cr₹14,158 Cr₹20,496 Cr₹13,159 Cr
Net income₹22,316 Cr₹3,504 Cr₹8,812 Cr₹4,144 Cr
Diluted EPS91.2514.3236.1717.14

Net income moved +438.5% across these years while earnings per share moved +432.4% — less than the profit itself, because the share count changed. Profit split fewer ways is not the same as more profit.

The rest of the engine

The panels above are built from filings. These run against the live engine.