Jindal Steel Posts Profit in Q4, Declares Rs 2 Dividend for Fiscal 2026
Jindal Steel Ltd Posts Rs 1,045 Crore Profit in Q4 FY26
Metals firm Jindal Steel Ltd has reported a consolidated net profit of Rs 1,045 crore for the January-March quarter, marking a significant turnaround from the same quarter last year when it incurred a loss of Rs 339 crore. This impressive profit is a testament to the company's strategic efforts to expand its operations and capitalize on favorable market conditions.
The company's consolidated revenue for the quarter increased by a substantial 23 percent to Rs 16,218 crore, driven by the imposition of safeguard duty on some grades of imported flat steel, which provided price support for its products. The return to profit is also attributed to the completion of the key expansion project at Angul, Odisha, which has doubled the plant's capacity to 12 million tonne per annum (MTPA). This expansion has taken the company's total crude steel capacity to 15.6 MTPA.
Key Financial Highlights for Q4 FY26:
| Metric | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Sales (in million tonne) | 2.62 | 2.28 |
| Production (in million tonne) | 2.65 | 2.51 |
| Adjusted EBITDA (in crore) | 2,647 | 2,345 |
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The company's sales for the quarter grew by 15 percent sequentially to 2.62 million tonne, while production for the reported period also grew to 2.65 million tonne, a growth of 6 percent over Q3. Jindal Steel's board declared a final dividend of Rs 2 per share for FY26.
For the full fiscal year FY26, the company reported a consolidated gross revenue of Rs 62,412 crore, higher by 8 percent year-on-year. Net profit increased by around 20 percent to Rs 3,367 crore. On an adjusted basis for foreign exchange gains, EBITDA for the year was lower by 3 percent to Rs 9,099 crore. Sales for the year grew by 9 percent to 8.68 million tonne, while production grew by 14 percent to 9.25 million tonne.
The company closed FY26 with a net debt of Rs 16,019 crore, higher than the Rs 15,443 crore recorded in December 2025. Jindal Steel spent Rs 2,573 crore by way of capital expenditure during the year.
On April 30, Jindal Steel's shares closed 0.4 percent lower on the National Stock Exchange at Rs 1,223.10 apiece.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should consider Jindal Steel's improved profitability and expansion plans.
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