Jindal Steel Q1FY27: Revenue up 23% YoY but PAT falls 44% on consol basis
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Steel Q1FY27: Standalone PAT at Rs 1,086 cr (down 33% YoY), Consolidated PAT at Rs 844 cr (down 44%). Revenue from operations rose 23% YoY standalone to Rs 15,275 cr and 26% consolidated to Rs 15,482 cr. Steel production 2.40 MT, sales 2.23 MT. Adjusted EBITDA at Rs 2,667 cr versus Rs 2,984 cr. Net Debt to EBITDA at 1.71 times. Auditor flagged going concern for Mauritius subsidiary JSML with negative net worth of Rs 1,430 cr. Board appointed new MD Vidya Rattan Sharma, CFO Sandeep Modi, COO Rajiv Kumar and Head HR.
Revenue growth offset by sharp profit decline and subsidiary going concern flag. Major leadership overhaul at top may reshape strategy going forward.