Jindal Steel’s share price rose 3.8 per cent on Monday after the company reported Q4FY26 result drawing bullish reactions from brokerages after the company delivered a sharp turnaround in profitability and a solid operating beat. Strong volume growth, improved realisations and margin expansion helped the firm surpass expectations.
Elara Capital on Jindal Steel
Goldman Sachs on Jindal Steel
Jindal Steel Ltd returned to profitability in the January–March quarter, posting a consolidated net profit of Rs 1,045 crore compared with a loss of Rs 339 crore in the same period last year. The company’s consolidated revenue rose 23 per cent year-on-year to Rs 16,218 crore. The board has recommended a final dividend of Rs 2 per share for FY26. Adjusted EBITDA for the quarter stood at Rs 2,647 crore. Sales volumes increased 15 per cent sequentially to 2.62 million tonnes, while production rose 6 per cent quarter-on-quarter to 2.65 million tonnes.
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