JINDAL STEEL LIMITED has informed the Exchange about Transcript
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Steel reported FY26 consolidated gross revenue of INR 62,412 crores (up 8% YoY) with EBITDA of INR 9,099 crores and PAT of INR 3,361 crores (up 18%). Q4FY26 revenue was INR 19,399 crores (up 28% QoQ) with PAT of INR 1,041 crores. Production volumes grew 14% to 9.25 million tonnes and sales rose 9% to 8.68 million tonnes. The company completed major capacity expansion taking steelmaking capacity from 9.6 MTPA to 15.6 MTPA. An impairment of INR 834 crores was recognized on Australian assets due to mine shaft closure. For FY27, production guidance is 11-11.5 million tonnes and sales 10.5-11 million tonnes. Management expects leverage to normalize by Q2FY27 and coking coal costs to increase by $20-25/tonne in Q1. The slurry pipeline expected in Q1FY27 will generate INR 750-1,000 per tonne savings. The company declared INR 2 per share final dividend.
The expansion ramp-up and volume guidance suggest strong earnings growth potential, but rising coking coal costs and lower value-added product mix may pressure margins in the near term. The write-down completes the Australian asset cleanup, removing uncertainty. The focus shifts to asset sweating and operational efficiency.