JSW Steel Limited

₹45,152 crore

JSW Steel Q2 FY26 Results Presentation / 3 Key Highlights – Q2 FY26 • Revenue from Operations: ₹45,152 crore in Q2 • Reported EBITDA: ₹7,115 crore; Adjusted EBITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore •

₹7,115 crore

n / 3 Key Highlights – Q2 FY26 • Revenue from Operations: ₹45,152 crore in Q2 • Reported EBITDA: ₹7,115 crore; Adjusted EBITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore • Net Debt to Equity: 0.93x and Net Debt

₹7,849 crore

• Revenue from Operations: ₹45,152 crore in Q2 • Reported EBITDA: ₹7,115 crore; Adjusted EBITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore • Net Debt to Equity: 0.93x and Net Debt to EBITDA2: 2.97x India capaci

₹1,646 crore

: ₹45,152 crore in Q2 • Reported EBITDA: ₹7,115 crore; Adjusted EBITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore • Net Debt to Equity: 0.93x and Net Debt to EBITDA2: 2.97x India capacity utilisation3 of 92% in Q

0.93x

ITDA: ₹7,115 crore; Adjusted EBITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore • Net Debt to Equity: 0.93x and Net Debt to EBITDA2: 2.97x India capacity utilisation3 of 92% in Q2 • • Consolidated crude st

2.97x

ITDA1: ₹7,849 crore • Net Profit: ₹1,646 crore • Net Debt to Equity: 0.93x and Net Debt to EBITDA2: 2.97x India capacity utilisation3 of 92% in Q2 • • Consolidated crude steel production of 7.90mt (up 17

92%

46 crore • Net Debt to Equity: 0.93x and Net Debt to EBITDA2: 2.97x India capacity utilisation3 of 92% in Q2 • • Consolidated crude steel production of 7.90mt (up 17% YoY) • Consolidated steel sales of

7.90mt

BITDA2: 2.97x India capacity utilisation3 of 92% in Q2 • • Consolidated crude steel production of 7.90mt (up 17% YoY) • Consolidated steel sales of 7.34mt (up 20% YoY); Domestic sales up 14% YoY Financia

17%

7x India capacity utilisation3 of 92% in Q2 • • Consolidated crude steel production of 7.90mt (up 17% YoY) • Consolidated steel sales of 7.34mt (up 20% YoY); Domestic sales up 14% YoY Financial Perfo

7.34mt

in Q2 • • Consolidated crude steel production of 7.90mt (up 17% YoY) • Consolidated steel sales of 7.34mt (up 20% YoY); Domestic sales up 14% YoY Financial Performance Operational Performance • BPSL:

20%

Consolidated crude steel production of 7.90mt (up 17% YoY) • Consolidated steel sales of 7.34mt (up 20% YoY); Domestic sales up 14% YoY Financial Performance Operational Performance • BPSL: The Supr

14%

duction of 7.90mt (up 17% YoY) • Consolidated steel sales of 7.34mt (up 20% YoY); Domestic sales up 14% YoY Financial Performance Operational Performance • BPSL: The Supreme Court, in its judgement

“To be commissioned by March 2028 Coke Ovens (4 x 0.75mtpa) • Two Batteries commissioned earlier • Third commissioned in Q3 FY25, Fourth Battery to be commissioned by end of FY26 BF-3 Upgradation by 1.5mtpa SMS at JVML‐Vijayanagar • Planned 150 days shutdown of BF‐3 started in end‐September 2025 Slab Extraction in HSM at JVML‐Vijayanagar JSW Steel Q2 FY26 Results Presentation / 1: JVML: JSW Vijayanagar Metallics Ltd.”

“35 Key Project Updates – Dolvi & Others Dolvi Phase-III Expansion from 10 to 15 MTPA Long lead‐time items ordered, Letters of Credit established • • Project to be completed by Sep’27 Other Projects 0.6mtpa CRM and 0.86mtpa Continuous Galvanising Line in Khopoli • CGL includes a Zero Spangle line • Equipment ordering in progress.”

Steelmaking

1

Investor Relations Contact

1

Steelmaking

Dolvi (Sinter Plant, CPP capacity increase) and enabling infrastructure for new projects Kadapa 1mt EAF facility and section mill Mining and Cost Saving projects Value Added Product facilities Sustenance Capex Total Approx. 96% of capex is for India operations, 4% for overseas operations H1 FY26 capex spend of ₹ 6,535Cr 20,000 22,000 22,000 e r o r c ₹ 14,656 ₹ Cr 47,7981 3,951 3,800 5,643 10,090 4,824 76,106 12,106 New approval of 1mtpa Structural mill at Raigarh and Bearing & high‐end niche grade steel facility at Salem Dolvi Plant FY25A FY26E FY27E FY28E FY29E JSW Steel Q2 FY26 Results Presentation / 1: Reduced by ₹ 1,980 cr following transfer of Slurry pipeline to JSW Infrastructure in FY25 34 Key Project Updates – Vijayanagar 5mtpa Expansion at JVML-Vijayanagar ramping up well • RMHS, Sinter Plant, BF and one SMS unit commissioned • SMS converter‐2 commissioned in August 2025 • HSM commercial production and sales had commenced in March 2024 • Overall project ramping up well Other