- Jindal Steel's Q1 FY27 net profit fell 19.1% to Rs 845 crore sequentially
- Revenue declined 4.5% to Rs 15,482 crore from the previous quarter
- Ebitda dropped 9.5% to Rs 2,660 crore with margin down 90 basis points
Jindal Steel Ltd.'s net profit for the first quarter of fiscal year 2027 declined 19.1% sequentially, according to an exchange filing on Friday.
The steel major posted a consolidated bottom-line of Rs 845 crore, as against Rs 1,045 crore in the preceding quarter. Revenue slipped 4.5% to Rs 15,482 crore from Rs 16,218 crore in the fourth quarter of fiscal year 2026.
Earnings before interest, taxes, depreciation and amortisation fell 9.5% to Rs 2,660 crore from Rs 2,939 crore and Ebitda margin contracted 90 basis points from 18.1% in the previous quarter to 17.2% in the quarter under review.
Additionally, Jindal Steel has appointed Sandeep Modi as its Chief Financial Officer, Rajiv Kumar as Chief Operating Officer, and Vidya Rattan Sharma as Managing Director for a term of two years.
Jindal Steel Q1 FY27 (Consolidated, QoQ)
- Net profit down 19.1% to Rs 845 crore from Rs 1,045 crore
- Revenue down 4.5% to Rs 15,482 crore from Rs 16,218 crore
- Ebitda down 9.5% to Rs 2,660 crore from Rs 2,939 crore
- Margin down 90 basis points to 17.2% from 18.1%
Jindal Steel Share Price
Jindal Steel's stock closed 0.40% lower on the BSE on Friday. This compared to a 0.43% decline in the benchmark Sensex index.
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