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JINDAL STEEL LIMITED Q1 FY26 earnings call summary

NSE: JINDALSTEL · BSE: 532286

Earnings call of 13 Aug 2025, summarised by AI from the filing.

Jindal Steel Q1 FY26 PAT up 36% QoQ to ₹1,496 cr; net debt/EBITDA at 1.49x seen as peak, FY26 volume guidance reiterated.

Key takeaways

  1. Q1 FY26 results Revenue ₹14,336 cr (-8% QoQ), adjusted EBITDA ₹2,984 cr, PAT ₹1,496 cr (+36% QoQ), driven by higher ASP and lower input costs.
  2. Guidance FY26 production and sales volume guidance of 8.5-9 million tonnes reiterated; Q2 coking coal cost expected lower by $5 per tonne.
  3. Value-added mix Value-added sales at 72% of volumes, highest in industry, driven by new hot strip mill and high-grade HR coils.
  4. Demand risk Domestic steel demand contracted 5% QoQ in Q1 due to early monsoon; prices currently 5-7% lower than Q1.

Original filing on BSE

JINDAL STEEL LIMITED Q1 FY27 results

As filed: Revenue ₹15,482 cr (+26% year on year), EBITDA ₹2,660 cr (−12% year on year), PAT ₹844 cr (−44% year on year), EBITDA margin 17.2% (−728 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹16,218 cr (+23% year on year), EBITDA ₹2,939 cr (+29% year on year), PAT ₹1,041 cr (+45% year on year), EBITDA margin 18.1% (+90 bps). Score 90 of 100, Above trend. Revenue, EBITDA and profit before exceptional items growth were well above the company's own trend. EBITDA margin rose 90 bps year on year. Tax rate 3%. Revenue grew on the previous quarter, against its usual seasonal pattern. Profit before exceptional items rose ₹591 cr on a year ago, more than the ₹147 cr it added the year before. Share price after the results: −1.3% in 28 days (Nifty 500: −0.1%).
  • Q3 FY26: Revenue ₹13,027 cr (+11% year on year), EBITDA ₹1,634 cr (−25% year on year), PAT ₹189 cr (−67% year on year), EBITDA margin 12.5% (−604 bps). Score 32 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 604 bps year on year. Tax rate 44%. Profit fell 59% from last quarter. Share price after the results: +12.9% in 28 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹11,686 cr (+4% year on year), EBITDA ₹2,081 cr (−5% year on year), PAT ₹635 cr (−26% year on year), EBITDA margin 17.8% (−181 bps). Score 44 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 181 bps year on year. Tax rate 35%. Revenue fell 5% from last quarter. Share price after the results: −3.0% in 30 days (Nifty 500: +0.6%).
  • Q1 FY26: Revenue ₹12,294 cr (−10% year on year), EBITDA ₹3,007 cr (+6% year on year), PAT ₹1,496 cr (+12% year on year), EBITDA margin 24.5% (+360 bps). Score 43 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 360 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue fell 7% from last quarter. Share price after the results: +4.2% in 30 days (Nifty 500: +2.4%).
  • Q4 FY25: Revenue ₹13,183 cr (−2% year on year), EBITDA ₹2,271 cr (−7% year on year), PAT −₹304 cr (+13% year on year), EBITDA margin 17.2% (−90 bps). Score 33 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit before exceptional items growth was above it. EBITDA margin fell 90 bps year on year. Other income 89% of PBT. Tax rate 464%. Share price after the results: +5.9% in 30 days (Nifty 500: +3.5%).
  • Q3 FY25: Revenue ₹11,751 cr (0% year on year), EBITDA ₹2,184 cr (−23% year on year), PAT ₹951 cr (−51% year on year), EBITDA margin 18.6% (−571 bps). Score 27 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 571 bps year on year.
  • Q2 FY25: Revenue ₹11,213 cr (−8% year on year), EBITDA ₹2,200 cr (−4% year on year), PAT ₹860 cr (−38% year on year), EBITDA margin 19.6% (+97 bps). Score 24 of 100, Below trend. EBITDA margin rose 97 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 18% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

JINDAL STEEL LIMITED earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.