Jindal Steel Q2 FY26 Earnings Results

Jindal Steel & Power Ltd, one of India’s leading steel producers with global subsidiaries, reported Q2 FY26 results with:

• Revenues of ₹11,686 crore, up 4.22% from ₹11,213 crore year on year.
• Total expenses increased 6.89% to ₹10,726 crore from ₹10,035 crore.
• Consolidated net profit declined 26.16% to ₹635 crore from ₹860 crore.
• Earnings per share (EPS) fell 25.83% to ₹6.26 from ₹8.44.

Key Details:

• Adjusted EBITDA for the quarter was ₹1,875 crore.
• Steel production stood at 2.00 million tonnes with sales of 1.87 million tonnes.
• The company commissioned new blast furnace and BOF facilities, increasing steelmaking capacity to 12.6 MTPA.
• Net debt reduced to ₹14,156 crore, indicating strengthened balance sheet.
• Profit decline primarily due to higher expenses, depreciation, and finance costs despite revenue growth.

Outlook:

Jindal Steel is focusing on operational efficiency, capacity expansion, and debt reduction while navigating market challenges. The leadership change with Mr. Gautam Malhotra as new CEO aims to drive strategic growth and profitability.

Jindal Steel’s Q2 FY26 performance reflects steady revenue growth amid rising costs impacting profitability, with strategic initiatives expected to support future financial health.

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