Jindal Steel Limited announced its Q3FY26 results, showcasing record quarterly production of 2.51 MT and sales of 2.28 MT. Gross revenue reached INR 15,172 Cr. The company operationalized its SBPP Module-1 and Module-2 power plants and commissioned CCL-1, enhancing product portfolio. Net debt stood at INR 15,443 Cr with a net debt to EBITDA ratio of 1.72x.
Financial Performance Overview
Jindal Steel Limited (JSL) reported robust financial results for Q3FY26. Key highlights include:
- Gross Revenue: INR 15,172 Cr
- Adjusted EBITDA: INR 1,593 Cr
- Profit After Tax (PAT): INR 189 Cr
The company’s performance reflects a strong operational efficiency and favorable market dynamics. Compared with the previous quarter, sales volumes experienced good growth.
Production and Sales Volume
Jindal Steel achieved record quarterly production and sales volumes:
- Steel Production: 2.51 MT (up 25% QoQ)
- Steel Sales: 2.28 MT (up 22% QoQ)
Operational Highlights
Several key operational milestones were achieved during the quarter:
- Operationalized SBPP Module-1 (525 MW) and SBPP Module-2 (525 MW)
- Commissioned CCL-1 (capacity of 0.2 MTPA)
- Utkal B1 mine opened
Debt and Leverage
The company’s debt position and leverage ratios are as follows:
- Consolidated Net Debt: INR 15,443 Cr
- Net Debt to EBITDA: 1.72x
Standalone Financials
The Standalone results provide a glimpse into the India business, the key metrics are as follows:
- Gross Revenue: INR 15,787Cr
- Adjusted EBITDA: INR 1,578 Cr
- Profit After Tax: INR 672 Cr
Source: BSE
