Jindal Steel Limited announced robust results for Q3FY26, marked by increased production and sales. Steel production reached 2.51 MT, and sales hit 2.28 MT. Gross revenue stood at INR 15,172 Cr, while adjusted EBITDA was INR 1,593 Cr. The company’s PAT was reported at INR 189 Cr. This performance reflects operational improvements and strong market demand, with domestic sales contributing significantly to the revenue.
Financial Overview for Q3FY26
Jindal Steel Limited reported a strong financial performance for the third quarter of fiscal year 2026. Key financial highlights include:
- Gross Revenue: INR 15,172 Cr
- Adjusted EBITDA: INR 1,593 Cr
- PAT: INR 189 Cr
The share of value-added steel stood at 66% in Q3FY26.
Production and Sales Performance
Jindal Steel achieved notable growth in production and sales during the quarter:
- Steel Production: 2.51 MT (up 25% QoQ)
- Steel Sales: 2.28 MT (up 22% QoQ)
Debt and Leverage
The company provided updates on its debt position:
- Consolidated Net Debt: INR 15,443 Cr (as of December 31, 2025)
- Net Debt to EBITDA: 1.72x
Project Updates
Jindal Steel provided key updates on its ongoing projects:
- SBPP Module-1 (525 MW) operationalized, SBPP Module-2 (525 MW) synchronized with the grid in January 2026.
- CCL-1 commissioned with a capacity of 0.2 MTPA in January 2026.
- Utkal B1 mine opened with overburden removal underway.
- The 3 MTPA Basic Oxygen Furnace-Ill at Angul remains on track for commissioning in Q4FY26, which will take our steelmaking capacity to 15.6 million tonnes.
Standalone Financial Performance
Key highlights of the standalone financial results include:
- Gross Revenue: INR 15,787 Cr
- Adjusted EBITDA: INR 1,578 Cr
- Profit Before Tax: INR 896 Cr
- Profit After Tax: INR 672 Cr
Source: BSE
