Jindal Steel delivered a remarkable financial turnaround in Q4FY26, posting a consolidated net profit of ₹1,041 crore compared to a net loss of ₹304 crore in the corresponding quarter of the previous financial year. According to reports from CNBC TV18, the profit after tax (PAT) is attributable to equity holders of the company. The company's revenue from operations in Q4FY26 was up 23% to ₹16,484 crore versus ₹13,255 crore posted in the corresponding quarter of the previous financial year. Gross revenue also climbed to ₹19,399 crore compared to ₹15,525 crore in the corresponding quarter last year.
The company's sequential earnings showed exceptional growth momentum, with PAT increasing 449% versus ₹190 crore in Q3FY26. As reported by CNBC TV18, profit before tax surged to ₹1,074 crore versus ₹72 crore in the year-ago period, reflecting a significant turnaround in core performance. The topline surged 24% over ₹13,027 crore in the October-December quarter of FY26. Production grew 14% year-on-year to 9.25 MT with sales growing 9% year-on-year to 8.68 MT. For the March quarter specifically, production stood at 2.65 million tonnes, up 6% sequentially, while sales grew 15% quarter-on-quarter to 2.62 million tonnes, indicating strong demand momentum.
According to the company's filing to the exchanges reported by CNBC TV18, Jindal Steel achieved its highest ever production and sales volumes and 15.6 MT steel making capacity with the commissioning of BOF3. The share of exports was 7% in FY26 compared to 6% in FY25. Domestic sales increased to 95% in Q4FY26 from 94% in Q3FY26. The company reported a PAT of ₹3,361 crore for the full financial year, up from ₹2,846 crore in FY25, while net revenue rose to ₹53,553 crore from ₹49,932 crore. Operationally, adjusted EBITDA stood at ₹2,647 crore, up from ₹2,251 crore in Q4FY25, indicating improved profitability despite higher costs.
For the full financial year FY26, Jindal Steel reported net profit attributable to owners of ₹3,367 crore, representing a 20% increase from the previous year, as per Bloomberg reports. Revenue from operations grew 7% to ₹53,225 crore from ₹49,765 crore in FY25, supported by higher steel production and sales volumes. However, the company faced margin pressure as adjusted EBITDA fell 3% to ₹9,099 crore due to rising input costs. The cost of materials consumed rose about 12% from the previous year to ₹23,089 crore, with the adjusted EBITDA margin declining to 17.09% in FY26 from 18.76% in FY25. The company's consolidated crude steel production rose 14% to a record 9.25 million tonnes, while sales volume increased 9% to 8.68 million tonnes.
The company's board recommended a final dividend of ₹2 per share for the financial year 2025-26 subject to shareholders' approval at the upcoming Annual General Meeting (AGM), as reported by CNBC TV18. The company said it achieved its highest-ever production and sales in FY26, with output rising 14% YoY to 9.25 million tonnes and sales increasing 9% YoY to 8.68 million tonnes. The payout is subject to approval of the shareholders in the ensuing Annual General Meeting and other authorities, wherever required. The net debt rose to ₹16,019 crore as of March 31, 2026, compared to ₹15,443 crore at the end of December, mainly due to ongoing capital expenditure. During FY26, Jindal Steel commissioned key facilities including a 4.6 million tonnes per annum blast furnace and two basic oxygen furnaces at its Angul plant in Odisha, increasing total steelmaking capacity to 15.6 million tonnes per annum.
