Jindal Steel Expected to Report 2.9% YoY Increase in Q4 Profit to Rs. 925 Crore: ICICI Securities

ICICI Securities Forecasts Strong Q4 Earnings for Jindal Steel

ICICI Securities has released its earnings estimates for the Metal & Mining sector, specifically for the fourth quarter of the current fiscal year (January-March 2026). The brokerage house expects Jindal Steel to report a significant improvement in its financial performance.

According to ICICI Securities' estimates, Jindal Steel is expected to post a net profit of Rs. 925 crore, representing a year-over-year increase of 2.9 percent. On a quarterly basis, the net profit is expected to surge by 270.4 percent.

The brokerage house also forecasts a substantial rise in net sales, with a year-over-year increase of 11.9 percent, taking the figure to Rs. 14,751.7 crore. On a quarterly basis, net sales are expected to rise by 13.2 percent.

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In terms of operating performance, ICICI Securities estimates that Jindal Steel's earnings before interest, tax, depreciation, and amortisation (EBITDA) will increase by 2.3 percent year-over-year, reaching Rs. 2,322.5 crore. On a quarterly basis, EBITDA is expected to rise by a significant 42.2 percent.