THEBUSINESSBYTES BUREAU

NEW DELHI, MAY 1, 2026

Billionaire Naveen Jindal-led Jindal Steel Ltd on Friday reported a sharp turnaround in its financial performance, posting a consolidated net profit of Rs 1,041 crore for the quarter ended March 2026 (Q4FY26), driven by robust revenue growth and record sales volumes.

The company had reported a consolidated net loss of Rs 304 crore in the corresponding quarter of the previous financial year, underlining a significant recovery in operational and financial performance.

Jindal Steel's total income during the January-March quarter rose 25 per cent year-on-year to Rs 16,484.28 crore, compared to Rs 13,254.94 crore in the same period of FY25. On a sequential basis, the company's net profit surged more than five times from Rs 189 crore recorded in the October-December quarter of FY26.

For the full financial year 2025-26 (FY26), the steel major posted a net profit of Rs 3,361 crore, registering an increase of around 20 per cent over Rs 2,846 crore reported in FY25. Its total income climbed to Rs 53,553.14 crore from Rs 49,932.48 crore in the previous fiscal.

The company attributed the strong performance to its highest-ever annual production and sales. Production during FY26 increased 14 per cent year-on-year to 9.25 million tonnes, while sales rose 9 per cent to 8.68 million tonnes, reflecting sustained demand and efficient execution across markets.

Jindal Steel also continued its aggressive expansion strategy, incurring a capital expenditure of Rs 2,573 crore during the March quarter. Strengthening its raw material security, the company was declared the preferred bidder for the Thakurani A1 iron ore block during the quarter, a move expected to enhance its long-term competitiveness.

The Board of Directors has recommended a final dividend of Rs 2 per equity share for FY26, subject to shareholders' approval.

As of March 31, 2026, the company's consolidated net debt stood at Rs 16,019 crore.

Jindal Steel is among India's top six integrated steel producers, with major manufacturing facilities located in Odisha and Chhattisgarh.