Jindal Steel Q4 Net Profit Up 18% YoY to ₹1,041 Crore

Jindal Steel reported Q4FY26 consolidated revenue of ₹19,399 crore, up 28% QoQ, with adjusted EBITDA of ₹2,647 crore and PAT of ₹1,041 crore.
The company completed its Angul expansion, increasing steelmaking capacity from 9.6 MTPA to 15.6 MTPA, with FY26 sales volume reaching 8.68 million tonnes.
Management provided FY27 production guidance of 11-11.5 million tonnes and sales guidance of 10.5-11 million tonnes, expecting coking coal costs to rise $20-25/tonne in Q1.
The company recognized an impairment of ₹834 crore (consolidated) for its Australian coal assets which have been closed, while maintaining net debt of ₹16,019 crore with debt/EBITDA of 1.66x.