Jindal Steel Limited Reports Q1 FY27 Adjusted EBITDA of ₹2,667 Crore; Net Debt Reduced to ₹15,927 Crore

Jindal Steel Limited announced its financial and operational performance for the first quarter ended June 30, 2026 (Q1 FY27).

Despite planned maintenance shutdowns impacting quarterly production and sales volumes, the company delivered strong operational resilience, supported by higher realizations, tight cost discipline, and an expanding share of value-added products.

Operational Highlights (Q1 FY27)

Steel Production: Stood at 2.40 Million Tonnes (MT), reflecting a 14.83% YoY growth compared to 2.09 MT in Q1 FY26 (down 10% QoQ from 2.65 MT in Q4 FY26).

Steel Sales: Reached 2.23 MT, representing a 17.37% YoY increase compared to 1.90 MT in Q1 FY26 (down 15% QoQ from 2.62 MT in Q4 FY26).

Value-Added Steel (VAS) Share: Expanded to 66% in Q1 FY27, up from 61% in Q4 FY26.

Exports Contribution: Export share in total sales increased to 9% in Q1 FY27, compared to 5% in Q4 FY26.

Consolidated Financial Performance (Q1 FY27 vs Q1 FY26 & Q4 FY26)

Gross Revenue (incl. GST & Other Income): Stood at ₹17,834 crore, up 24.40% YoY from ₹14,336 crore in Q1 FY26 (down 8.07% QoQ from ₹19,399 crore).

Net Revenue: Advanced 25.77% YoY to ₹15,501 crore, compared to ₹12,325 crore in Q1 FY26 and ₹16,484 crore in Q4 FY26.

Adjusted EBITDA: Came in at ₹2,667 crore (adjusted for a one-off FX loss of ₹6 crore), up sequentially from ₹2,647 crore in Q4 FY26, though lower than ₹2,984 crore in Q1 FY26.

Depreciation & Amortization: Increased to ₹926 crore (versus ₹722 crore in Q1 FY26 and ₹862 crore in Q4 FY26).

Finance Cost (Net): Stood at ₹548 crore (versus ₹297 crore in Q1 FY26 and ₹442 crore in Q4 FY26).

Profit Before Tax (PBT): Reported at ₹1,205 crore, compared to ₹2,018 crore in Q1 FY26 and ₹1,074 crore in Q4 FY26.

Profit After Tax (PAT): Reached ₹844 crore, compared to ₹1,496 crore in Q1 FY26 and ₹1,041 crore in Q4 FY26.

Standalone Financial Overview

Gross Revenue: ₹17,565 crore (versus ₹14,506 crore in Q1 FY26 and ₹18,803 crore in Q4 FY26).

Net Revenue: ₹15,292 crore (versus ₹12,436 crore in Q1 FY26 and ₹16,200 crore in Q4 FY26).

Adjusted EBITDA: ₹2,227 crore (adjusted for an FX loss of ₹3 crore), marking a sharp rebound from ₹1,705 crore in Q4 FY26.

Profit After Tax (PAT): Turned positive to ₹1,086 crore, recovering strongly from a loss of ₹143 crore in Q4 FY26 (versus ₹1,624 crore in Q1 FY26).

Balance Sheet, Debt & Capital Expenditure

Consolidated Net Debt: Reduced to ₹15,927 crore as of June 30, 2026, compared to ₹16,019 crore as of March 31, 2026.

Net Debt / EBITDA: Stood at 1.71x as of June 30, 2026, compared to 1.66x as of March 31, 2026.

Capital Expenditure (Capex): Total capex spent during the quarter stood at ₹1,959 crore, driving the company's ongoing expansion initiatives.

Shares of Jindal Steel Limited was last trading in BSE at Rs. 1035.95 as compared to the previous close of Rs. 1040.10. The total number of shares traded during the day was 10860 in over 737 trades.

The stock hit an intraday high of Rs. 1042.90 and intraday low of 1021.00. The net turnover during the day was Rs. 11213305.00.

Source : Equity Bulls

Keywords

JindalSteel INE749A01030 Q1FY27 Q1FY2027 ResultUpdate