Jindal Steel Q1FY27 Revenue ₹17,834 Cr, PAT ₹844 Cr

Gross Revenue: ₹17,834 crore (includes GST and other income). This compares to ₹19,399 crore in Q4FY26 and ₹14,336 crore in Q1FY26.
Net Revenue: ₹15,501 crore.
Adjusted EBITDA: ₹2,667 crore. This figure is adjusted for a one-off forex loss of ₹6 crore. It compares to ₹2,647 crore (adjusted for a forex gain of ₹292 cr) in Q4FY26 and ₹2,984 crore (adjusted for a forex gain of ₹21 cr) in Q1FY26.
Adjusted EBITDA per tonne: ₹11,937.
Finance Cost (net): ₹548 crore.
Depreciation & Amortization: ₹926 crore.
Profit Before Tax (PBT): ₹1,205 crore.
Profit After Tax (PAT): ₹844 crore. This compares to ₹1,041 crore in Q4FY26 and ₹1,496 crore in Q1FY26.

Steel Production: 2.40 Million Tonnes (MT). This compares to 2.65 MT in Q4FY26 and 2.09 MT in Q1FY26.
Steel Sales: 2.23 MT. This compares to 2.62 MT in Q4FY26 and 1.90 MT in Q1FY26.
The sequential decline in production and sales volumes was attributed to a planned maintenance shutdown.

Net Debt: ₹15,927 crore as of Q1FY27, compared to ₹16,019 crore in Q4FY26 and ₹14,400 crore in Q1FY26.
Net Debt to EBITDA (TTM): 1.71x, compared to 1.66x in Q4FY26 and 1.49x in Q1FY26.
Liquidity: Strong liquidity position of ₹6,080 crore.

CARE Ratings upgraded the company's long-term credit rating from 'AA/stable' to 'AA+/stable'.

The share of value-added steel sales increased to 66% in Q1FY27, up from 61% in Q4FY26.
The company highlighted its involvement in major infrastructure projects across India, including HPCL Refinery, IOCL Gujarat Refinery, Jewar Airport, and Amazon Data Centres.

The company is undergoing an extensive "AI-driven transformation" across people, processes, and plants. Initiatives include the JARVIS personal AI assistant, department-specific AI agents, and AI applications in plant operations for production optimization and predictive maintenance.
A digital transformation program is underway, involving plant automation, smart logistics, SAP implementation, and digital twins.

Expanded the use of syngas from its coal gasification plant (described as the world's first and largest for steel-making) to galvanizing, color coating, and blast furnace applications.
Pilot projects for cleaner logistics include LNG-powered vehicles and an electric billet-transport pilot between Angul and Patratu.
Collaborating with IIT Bombay and the Ministry of Steel on an electrochemical CO₂ to CO conversion process.
Reported positively impacting over 14.6 million lives through CSR initiatives, with detailed figures on community benefits provided in Q1FY27.

Growth CAPEX: Guidance of ₹7,500 - ₹10,000 crore annually, primarily funded through internal accruals, targeting a project pre-tax ROCE of 18-20%.
Current ROCE: Stated as 7%, with an expectation to improve as new facilities ramp up.
Liquidity Policy: Maintain at least ₹2,000 crore in liquidity.
Leverage Policy: Target Net Debt/EBITDA below 1.5x through the cycle (current at 1.71x).
Shareholder Returns: Committed to rewarding shareholders after meeting growth capital requirements. A 200% dividend was declared in FY26.

The presentation included commentary on the Indian and global steel market for Q1FY27:

India remained a net importer of finished steel for the second consecutive quarter, with net imports of 0.5 MT.
Domestic HRC prices were resilient, while TMT prices weakened due to seasonal factors.
Domestic iron ore prices remained elevated before moderating towards the quarter-end.
Overall, steel spreads improved during the quarter.