The company's consolidated net profit attributable to shareholders declined by %43.5 year-on-year to INR 844.79 crore in the quarter ended June 30, 2026, compared to INR 1,493.97 crore in the same period last year. In the previous quarter, the company had reported a net profit of INR 1,044.75 crore.
Consolidated net profit, including non-controlling interests, also declined by %43.6 year-on-year to INR 843.80 crore, while revenue from operations increased by %25.9 to INR 15,482.13 crore.
The company's total expenses increased by %38.7 during the same period to INR 14,296.36 crore. Raw material costs increased by %43.7, employee expenses increased by %20.6, and other operating expenses increased by %25.1. Finance costs increased by %84.8 year-on-year to INR 548.21 crore, while depreciation expenses increased by %28.4 to INR 926.42 crore.
As a result of these developments, the company's profit before tax declined by %40.3 year-on-year to INR 1,204.58 crore.
Jindal Steel's adjusted EBITDA also declined by %10.6 year-on-year to INR 2,667 crore, while its EBITDA margin decreased from %24.2 to %17.2. The company stated that planned maintenance shutdowns at key facilities negatively affected production and sales. However, higher selling prices, cost management, and the increasing share of value-added products supported operational performance.
On the operational side, the company continued its growth. Consolidated steel production increased by %14.8 year-on-year to 2.40 million mt, while steel sales increased by %17.4 to 2.23 million mt. However, compared to the previous quarter, production and sales declined by %9.4 and %14.9, respectively.
The share of value-added steel products in the company's product mix increased from %61 in the previous quarter to %66, while the share of exports in total sales increased from %5 to %9.
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