Jindal Steel Limited (JSL) announced its consolidated financial results for Q3FY26, reporting gross revenue of ₹15,172 cr and adjusted EBITDA of ₹1,593 cr. The company achieved record production and sales volumes. Angul expansion projects are progressing, including the operationalization of SBPP modules and advances in slurry pipeline construction, paving the way for capacity enhancements.
Financial Performance Highlights
Jindal Steel Limited (JSL) reported robust consolidated financial results for the third quarter of fiscal year 2026 (Q3FY26). Key highlights include:
- Gross Revenue: ₹15,172 cr
- Adjusted EBITDA: ₹1,593 cr
- Profit After Tax: ₹189 cr
- Steel Production: 2.51 MT
- Sales: 2.28 MT
- Net Debt to EBITDA: 1.72x
The company achieved its highest-ever production (up 25% QoQ) and sales (up 22% QoQ). The results were driven by increased capacity utilization and operational efficiencies.
Angul Expansion Progress
Jindal Steel continues to make significant progress on its Angul expansion projects:
- SBPP (525 MW x 2): Both modules have been operationalized.
- Slurry Pipeline: 94% of the pipeline is completed, with commissioning expected in Q4FY26.
Operational Achievements
Several key operational milestones were achieved during the quarter:
- Operationalized SBPP Module 1 (525 MW); Module 2 (525 MW) also synchronized in Jan’26.
- Utkal B1 mine opened; overburden removal underway.
- Highest ever quarterly production was recorded for RUBM and HSM.
Market Outlook and Strategy
Jindal Steel anticipates continued strong demand in the Indian steel market and remains focused on:
- Scaling up integrated steel production capacity.
- Adding value-added products to support infrastructure development.
- Implementing Industry 4.0 and AI technologies to improve efficiency and productivity.
Source: BSE
