Mumbai, Jan. 23 -- JSW Steel, India's largest steelmaker by domestic capacity, reported a nearly three-fold jump in net profit for the December quarter on the back of a one-off tax gain.

The company reported consolidated net profit of Rs.2,139 crore for the quarter ended 31 December 2025, up sharply from Rs.717 crore a year earlier. The profit beat the Rs.1406.7 crore projection of 13 analysts polled by Bloomberg.

The reported profit includes a one-time deferred tax gain of Rs.1,439 crore related to its Bhushan Power and Steel assets. Excluding this, underlying profit would be about Rs.700 crore, roughly half of analyst expectations, a 2% decline from the same quarter a year ago.

JSW Steel, in a statement, said that new labour codes le...