Jindal Steel Ltd. recorded a consolidated profit of Rs 1,494 crore in the quarter ended June as compared to a net loss of Rs 339 crore in the previous quarter. The loss in the last quarter was due to exceptional loss of Rs 1,229.5 crore.
Revenue decreased 6.7% year-on-year for the three months ended June, reaching Rs 12,294.48 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 32% year-on-year to Rs 3,005.63 crore. The Ebitda margin expanded to 24.4%.
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Jindal Steel Q1 FY26 Highlights (Consolidated, QoQ)
Revenue down 6.7% to Rs 12,294.48 crore versus Rs 13,183.13 crore.
Net profit at Rs 1,494 crore versus loss of Rs 339 crore.
Ebitda up 32% to Rs 3,005.63 crore versus Rs 2,270.75 crore.
Margin at 24.4% versus 17.2%.
The company's net debt stood at Rs 14,400 crore for the quarter ended June. Net debt to Ebitda increased to 1.49x in comparison to 1.26x in the previous quarter. The total capex for the quarter was Rs 2,226 crore, largely driven by the expansion projects at Angul.
Share Price
The quarterly earnings was shared after market hours. The stock settled 0.76% higher at Rs 998.50 apiece on the NSE, compared to a 0.40% decline in the benchmark Nifty 50.
Jindal Steel's shares have risen 8.76% in the last 12 months and 7.28% year-to-date.
Out of 30 analysts tracking the company, 19 maintain a 'buy' rating, five recommend a 'hold' and six suggest 'sell', according to Bloomberg data. The average 12-month consensus price target of Rs 958.94 implies a downside of 4%.
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