New Delhi, Oct. 23 -- JSW Steel, India's largest steelmaker by capacity, more than tripled its September-quarter profit and beat analyst expectations on better volumes, higher steel prices and strong domestic demand that helped boost earnings.

The Sajjan Jindal-led company reported a consolidated net profit of Rs.5,279 crore for the second quarter of fiscal year 2027 (FY27), up from Rs.1,623 crore a year earlier, according to an exchange filing on Friday. The profit exceeded the Rs.4,349-crore average estimate of 19 analysts polled by Bloomberg.

"Industrial activity, exports and automotive demand have been strong despite global headwinds indicating strong economic activity. Strong public and private investments across sectors continue t...