New Delhi, July 17 -- JSW Steel, India's largest steelmaker by capacity, more than doubled its June-quarter profit and beat analyst expectations as higher steel prices and strong domestic demand boosted earnings.

The Sajjan Jindal-led company reported a consolidated net profit of Rs.4,651 crore for the first quarter of FY27, up from Rs.2,184 crore a year earlier, according to an exchange filing on Friday. The profit exceeded the Rs.3,199-crore average estimate of seven analysts polled by Bloomberg.

Stronger steel realisations and resilient domestic demand helped offset higher input costs during the quarter, which rose amid the West Asia conflict.

Despite a strong quarter, the company said geopolitical tensions, particularly in West Asi...