Jindal Steel Q4 profit at ₹1,041 crore; ₹2 dividend announced

Jindal Steel Q4 profit at ₹1,041 crore; ₹2 dividend announced


Jindal Steel Ltd reported a strong performance in the March quarter, with consolidated net profit coming in at ₹1,041 crore, a sharp improvement from a loss of ₹304 crore in Q4FY25, supported by robust revenue growth and improved operating performance.

Net revenue for Q4FY26 rose to ₹16,484 crore from ₹13,255 crore a year ago, marking a healthy year-on-year increase. Gross revenue also climbed to ₹19,399 crore compared to ₹15,525 crore in the corresponding quarter last year.

Operationally, adjusted EBITDA stood at ₹2,647 crore, up from ₹2,251 crore in Q4FY25, indicating improved profitability despite higher costs. Depreciation and finance costs increased during the quarter, but were offset by stronger earnings.

Profit before tax surged to ₹1,074 crore versus ₹72 crore in the year-ago period, reflecting a significant turnaround in core performance.

For the full year FY26, the company reported net profit of ₹3,361 crore, up from ₹2,846 crore in FY25, while net revenue rose to ₹53,553 crore from ₹49,932 crore, underlining sustained growth momentum.

The company said it achieved its highest-ever production and sales in FY26, with output rising 14% YoY to 9.25 million tonnes and sales increasing 9% YoY to 8.68 million tonnes. For the March quarter, production stood at 2.65 million tonnes, up 6% sequentially, while sales grew 15% QoQ to 2.62 million tonnes, indicating strong demand momentum.

The company has also recommended a final dividend of 200% for FY26, translating to ₹2 per equity share of face value ₹ 1 each. The payout is subject to he approval of the shareholders in the ensuing Annual General Meeting and other authorities, wherever required.

Shares of Jindal Steel Ltd had closed at ₹1,229.90 on the NSE on April 30, reflecting investor focus on the company’s strong Q4 performance and improved profitability trajectory.

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