JINDALSTELNSEJINDAL STEEL LIMITED· Steel And Steel ProductsHighPositive
Announced Fri, 1 May · 20:17 IST

JINDAL STEEL LIMITED has informed the Exchange that Board of Directors at its meeting held on May 01, 2026, recommended Final Dividend of Rs. 2 per equity share.

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JINDALSTEL · price

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Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹1229.90
prior close
₹1245.00
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AI summary

Jindal Steel Limited reported audited financial results for Q4 and FY2025-26. Standalone revenue from operations grew to Rs. 54,023.14 crores from Rs. 48,818.03 crores in the previous year, while standalone net profit after tax stood at Rs. 3,073.62 crores (vs Rs. 3,621.18 crores). Consolidated net profit after tax was Rs. 3,360.87 crores compared to Rs. 2,845.68 crores last year, with consolidated EPS at Rs. 33.12. The Board recommended a final dividend of Rs. 2 per equity share (200%) for FY2025-26, subject to shareholder approval. The company also recognized exceptional items including write-off of loans to Jindal Steel (Mauritius) Limited amounting to Rs. 3,311.34 crores and impairment losses in an overseas subsidiary.

Likely market impact

The dividend recommendation maintains the same payout as the previous year. Strong consolidated profitability and revenue growth indicate stable operational performance. However, the exceptional items related to subsidiary write-offs may attract investor attention.