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Jindal Steel Q4 results: Co swings to profit of Rs 1,045 crore vs YoY loss on 23% revenue surge


Jindal Steel swung back to profit in the March-ended quarter, reporting a consolidated net profit of Rs 1,045 crore compared to a net loss of Rs 339 crore in the year-ago period. The profit after tax (PAT) is attributable to equity holders of the company.

The company’s revenue from operations in Q4FY26 was up 23% to Rs 16,218 crore versus Rs 13,183 crore posted in the corresponding quarter of the previous financial year.

The company’s PAT increased manyfold on a sequential basis, recording a 449% growth versus Rs 190 crore in Q3FY26 while the topline surged 24% over Rs 13,027 crore in the October-December quarter of FY26.

The company’s board recommended a final dividend of Rs 2 per share for the financial year 2025-26 subject to shareholders’ approval at the upcoming Annual General Meeting (AGM).

Jindal Steel in its filing to the exchanges said it reported highest ever production and sales volumes and achieved 15.6 MT steel making capacity with the commissioning of BOF3.

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Production grew 14% YoY to 9.25 MT with sales growing 9% YoY to 8.68 MT. Consolidated gross revenue stood at Rs 62,412 crore, rising 8% YoY.

Share of exports was 7% in FY26 compared to 6% in FY25.Adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the year was Rs 9,099 crore, down 3% YoY). Adjusted EBITDA per tonne for the year was Rs 10,482/t. The company reported a PAT of Rs 3,361 crore for the year.

Production and sales for the quarter were 2.65 MT (+6% QoQ) and 2.62 MT (+15% QoQ) respectively. Consolidated Gross Revenue for the quarter was Rs 19,399 crore (+28% QoQ). Share of domestic sales increased to 95% in Q4FY26 from 94% in Q3FY26.

Adjusted EBITDA for the quarter was Rs 2,647 crore (+66% QoQ).

The company reported a consolidated net debt of Rs 16,019 crore as at March 31, 2026 compared with Rs 15,443 crore as at December 31, 2025.

Net Debt/EBITDA decreased to 1.66X as at Mar 31, 2026 compared with 1.72X as at December 31, 2025. The total capex for the quarter was Rs 2,573 crore.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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