JINDAL STEEL (JINDALSTEL) — Financial Results

Jindal Steel reported Q3FY26 gross revenue of ₹15,172 crores, up 12% QoQ, with production reaching 2.51 million tons (25% QoQ growth) from newly commissioned furnaces. Consolidated adjusted EBITDA stood at ₹1,593 crores (10.5% margin), excluding ₹350 crores one-time blast furnace startup costs. Strong capacity ramp-up achieved across Angul facilities and power modules. However, leverage rose to 1.72x, and Q3 PAT was ₹189 crores amid steel price headwinds. Management expects modest Q4 price recovery (₹3,000-3,500/ton) and maintains FY26 guidance.

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About JINDAL STEEL LIMITED (JINDALSTEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹1,25,674.85 Cr P/E: 30.4

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