JINDAL STEEL LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JINDALSTEL · price
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Jindal Steel Limited reported standalone revenue from operations of ₹54,023.14 crore for FY2026, up 10.7% from ₹48,818.03 crore in FY2025. Standalone PAT declined to ₹3,073.62 crore from ₹3,621.18 crore (down ~15%) due to exceptional items of ₹1,470.16 crore primarily from write-off of ₹3,311.34 crore in loans to subsidiary Jindal Steel (Mauritius) Limited (JSML). Consolidated PAT grew 18% to ₹3,360.87 crore from ₹2,845.68 crore. JSML auditors raised going concern uncertainty (accumulated losses of ₹6,966.40 crore, negative net worth of ₹5,379.27 crore) without modifying their opinion. The Board recommended a final dividend of ₹2 per share (200%).
Despite revenue growth, standalone profit declined due to large loan write-offs to stressed Mauritius subsidiary. Consolidated earnings grew strongly, but the unresolved JSML going concern issue and asset impairments may weigh on investor sentiment.