Jindal Steel Q1 FY27: revenue up 24% YoY, new MD and CFO appointed

Revenue Growth 20pctGoing ConcernEmphasis Of MatterExceptional ItemResults View source PDF

JINDALSTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹1055.00

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AI summary

Jindal Steel approved Q1FY27 results. Gross revenue grew 24% YoY to 17,834 Cr but fell 8% QoQ on planned maintenance shutdowns. Consolidated PAT was 844 Cr; adjusted EBITDA at 2,667 Cr. Steel production 2.40 MT, sales 2.23 MT. Net debt 15,927 Cr. Credit rating upgraded to CARE AA+. Board appointed Vidya Rattan Sharma as MD, Sandeep Modi as CFO, Rajiv Kumar as COO. S S Kothari Mehta named new statutory auditor for 5 years. Subsidiary JSML flagged with going concern emphasis of matter.

Likely market impact

Revenue growth and rating upgrade are positive; leadership refresh brings experienced talent. Going concern flag on Mauritius subsidiary is a watch item for investors.