Jindal Steel Q3 FY26 results: PAT declines sharply QoQ despite record volumes

Going ConcernExceptional ItemPat NegativeEbitda Margin CompressionResults View source PDF Explain this filing

JINDALSTEL · price

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

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹1125.20

prior close

₹1100.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.0%+1.5% vs market

Iron & Steel peers, median of 9sector-1.3%+1.9% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty 100 and 1.9 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.6

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-1.0+1.5-1.3+1.9

Next day

+2.4+1.6+0.8+0.3+2.0

+3.4+1.9+1.6+3.9-0.5

+4.8+1.3+3.4+2.6+2.2

+5.7+1.5+4.2+2.0+3.7

+5.8+2.3+3.5+4.6+1.2

+5.8+2.7+3.2+2.4+3.5

15d

+8.1+1.8+6.3+2.8+5.3

+9.9-1.3+11.2+4.2+5.6

+1.4-10.0+11.5-6.5+7.9

+12.6-3.3+15.9+10.1+2.5

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Steel reported Q3 FY26 consolidated revenue at 13,027 crores and PAT at 189 crores, down steeply from 635 crores in Q2. Steel production hit a record 2.51 MT, up 25 percent QoQ, with sales at 2.28 MT. Adjusted EBITDA fell 15 percent QoQ to 1,593 crores. Standalone PAT was 673 crores vs 921 crores QoQ. Net debt rose to 15,443 crores, with debt to EBITDA at 1.72x versus 1.48x prior. Auditors flagged going concern uncertainty for subsidiaries JSML and Wollongong Resources. Exceptional loss of 54.56 crores booked in consolidated results.

Likely market impact

Sharp QoQ profit drop despite record volumes may pressure the stock. Going concern flags on overseas units and rising debt ratios add caution for investors.