JSW Steel shares surged to ₹1,247.85 on February 16, 2026, demonstrating strong investor confidence despite recent quarterly results. The stock has shown remarkable resilience with gains of 29.53% over the past year and 3-year returns of 71.51%, significantly outperforming broader market indices. Multiple brokerages maintain positive outlook on the stock, with Emkay Global recommending accumulate at ₹1,200, Anand Rathi suggesting buy at ₹1,340, and Motilal Oswal advising buy at ₹1,350. The stock has traded in a 52-week range of ₹905.20 to ₹1,262.00, with current trading levels reflecting strong market sentiment.
According to reports from Capital Market, Jindal Steel reported a significant decline in profitability for the quarter ended December 2025. The company's consolidated net profit declined 79.96% to ₹190.43 crore compared to ₹950.48 crore in the corresponding quarter of the previous year. This substantial decline reflects challenging market conditions or operational factors that impacted the company's bottom line performance.
As reported by Capital Market, Jindal Steel's sales rose 10.86% to ₹13,026.63 crore in Q3 FY2026, up from ₹11,750.67 crore in the same quarter of the previous year. This revenue growth indicates potential market expansion or operational improvements that helped offset the profit decline. The company achieved a 12% increase in consolidated gross revenue driven by higher sales volumes during the quarter.
According to the financial data reported by Capital Market, Jindal Steel's operating profit margin (OPM) stood at 12.51% in the December 2025 quarter, compared to 18.58% in the corresponding quarter of the previous year. The company's PBDT (Profit Before Depreciation and Tax) declined 35% to ₹1,232.08 crore from ₹1,897.48 crore year-on-year. Additionally, PBT (Profit Before Tax) decreased 67% to ₹393.43 crore compared to ₹1,199.42 crore in Q3 FY2025. The decline was attributed to declining steel realizations and increased operating costs from higher coking coal prices and associated costs.
Despite the challenging quarterly results, Jindal Steel shares have shown resilience in recent trading sessions. According to Capital Market, the stock has risen for three consecutive sessions and is currently trading at ₹1,210.90 as of February 16, 2026. The stock has gained 38.08% over the last one year compared to a 8.83% gain in NIFTY and a 48.75% gain in the Nifty Metal index. The PE ratio stands at 42.86 based on TTM earnings ending September 2025, while the market capitalization is ₹1,20,541 crore. The company's 52-week high is ₹1,214 and 52-week low is ₹770.
