Announced Fri, 24 Jul · 18:33 IST
Jindal Steel Q1FY27 results, new MD, auditor change
Going ConcernEmphasis Of MatterAuditor Mid Year ChangeRevenue Growth 20pctRevenue DeclineExceptional ItemResults View source PDF
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹1036.50
prior close
₹1055.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-1.2-0.6+0.2+1.6—————————
Up moveDown movePending
AI summary
Jindal Steel Q1FY27: Revenue Rs 17,834 Cr (up 24% YoY, down 8% QoQ). EBITDA Rs 2,667 Cr, PAT Rs 844 Cr. Steel sales 2.23 MT, down 15% QoQ on planned maintenance. Net debt Rs 15,927 Cr. Board appointed Vidya Rattan Sharma as MD (2 years), Sandeep Modi as CFO, S S Kothari Mehta as new statutory auditor. Auditors flagged going concern for Mauritius subsidiary JSML with Rs 3,016 Cr accumulated losses.
Likely market impact
Stable margins despite QoQ volume dip from maintenance. Leadership overhaul and auditor rotation noted; Mauritius subsidiary concern remains a watch item.