Jindal Steel has achieved its highest ever production and sales volumes for the financial year 2025-26, driven by a 14% YoY increase in production. The company reported a consolidated gross revenue of ₹62,412 crore and a profit after tax of ₹3,361 crore. The successful commissioning of key expansion facilities, including the BOF3, has bolstered crude steel capacity to 15.6 MTPA, marking a significant inflection point for the organization’s long-term growth.
Financial Highlights of the Year
For the fiscal year 2025-26, Jindal Steel demonstrated robust operational performance. The company successfully grew production to 9.25 million tonnes (MT), a 14% increase over the previous year, while total sales reached 8.68 MT. Consolidated gross revenue stood at ₹62,412 crore, representing an 8% year-on-year growth. The company concluded the year with a profit after tax (PAT) of ₹3,361 crore.
Quarterly Performance Analysis
Performance in the final quarter (Q4: Jan-Mar 2026) showed strong momentum. Steel production for the quarter reached 2.65 MT, while sales hit 2.62 MT, marking an increase of 6% and 15% sequentially, respectively. Consolidated gross revenue for the quarter was reported at ₹19,399 crore, a 28% increase compared to the previous quarter, with the profit after tax reaching ₹1,041 crore.
Strategic Expansion and Operational Updates
The 2025-26 financial year served as a major milestone for the company’s expansion strategy. The commissioning of the 4.6 MTPA Blast furnace – Bhagavati Subhadrika, along with 3.0 MTPA BOF2 and 3.0 MTPA BOF3, has successfully scaled the company’s crude steel capacity to 15.6 MTPA. Additionally, the company operationalized its 1.2 MTPA CRM complex and two modules of the SBPP (2 X 525 MW) power plant, further optimizing its integrated manufacturing capabilities.
Shareholder Dividends
Reflecting the company’s strong financial health and confidence in its future, the Board of Directors has recommended a final dividend of 200%, equivalent to ₹2 per share for the financial year 2025-26. This proposal remains subject to approval by shareholders at the upcoming annual general meeting.
Debt and Capital Expenditure
Jindal Steel maintains a disciplined approach to its balance sheet. The consolidated net debt as of March 31, 2026, is ₹16,019 crore. The company has successfully improved its efficiency, with the net debt-to-EBITDA ratio decreasing to 1.66x by the end of the year. The total capital expenditure for the final quarter alone amounted to ₹2,573 crore, supporting the ongoing ramp-up of new facility modules.
Source: BSE
