JSPL Shares Surge 3% Following Profitable Q4 Earnings, Analysts Forecast Up to 11% Upside Potential
Jindal Steel and Power Ltd Posts Return to Profit in Q4
Shares of Jindal Steel and Power Ltd (JSPL) surged over 4 percent in intra-day trade on Monday after the company reported a return to profit in the March quarter, snapping a three-day losing streak following the announcement of its fourth-quarter results.
JSPL reported a consolidated net profit of Rs 1,041 crore for the quarter ended March 2026, aided by higher revenues driven by record sales. The company's return to profit was a significant improvement from the net loss of Rs 304 crore posted in the corresponding quarter of the previous fiscal.
Key highlights of the company's Q4 performance include:
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| Quarter | Net Profit (in Rs crore) |
|---|---|
| Q4 FY26 | 1,041 |
| Q4 FY25 | -304 |
| QoQ (Oct-Dec FY26) | 852 (surge from Rs 189 crore) |
Total income during the January-March period rose 25 percent to Rs 16,484.28 crore from Rs 13,254.94 crore a year ago, according to a company statement. On a sequential basis, net profit surged from Rs 189 crore reported in the October-December quarter of FY26.
For the full financial year 2025-26, the company's net profit increased to Rs 3,361 crore from Rs 2,846 crore in the previous fiscal. Total income for the year stood at Rs 53,553.14 crore as against Rs 49,932.48 crore in FY25. The company recorded its highest-ever production and sales during FY26, with production rising 14 percent to 9.25 million tonnes (MT) and sales growing 9 percent year-on-year to 8.68 MT. Capital expenditure during the quarter was Rs 2,573 crore.
Brokerage firms HDFC Securities and MOFSL have maintained a 'buy' rating on the stock, with revised target prices of Rs 1,210 per share and Rs 1,400, respectively, indicating a potential upside of about 11 percent from current levels. The company's board has recommended a final dividend of Rs 2 per share for FY26, subject to shareholders' approval.
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JSPL, part of the Naveen Jindal Group, is among India's top integrated steel producers with manufacturing facilities in Odisha and Chhattisgarh.
Investor Takeaway
Investors should consider JSPL's profitable Q4 earnings and potential upside of up to 11%.
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