Jindal Steel Limited announced its audited financial results for the fourth quarter and financial year ended March 31, 2026, following a Board meeting held on May 1, 2026. The company reported its highest ever production and sales volumes during FY26, achieving a steel making capacity of 15.6 MTPA with the commissioning of BOF3. The Board has recommended a final dividend of 200%, equivalent to ₹2 per equity share of face value ₹1 each, subject to shareholder approval at the ensuing Annual General Meeting.

Q4 Financial Performance

Jindal Steel delivered strong fourth quarter results with consolidated net profit of ₹1,041.24 crore compared to a loss of ₹303.59 crore in the same quarter last year. Quarterly revenue increased significantly to ₹16,217.93 crore from ₹13,183.13 crore year-on-year. The company's EBITDA for Q4 stood at ₹2,647 crore versus ₹2,251 crore in the previous year, with EBITDA margin improving to 16.3% from 14.5%.

Annual Financial Performance Summary

For the financial year 2025-26, Jindal Steel reported consolidated net profit of ₹3,360.87 crore compared to ₹2,845.68 crore in the previous year. On a standalone basis, net profit stood at ₹3,073.62 crore against ₹3,621.18 crore in FY25. The company recorded exceptional items of ₹871.38 crore in consolidated results and ₹1,470.16 crore in standalone results, primarily due to impairment losses and write-offs related to overseas subsidiaries.

Operational Highlights

The company achieved significant operational milestones during the year. Steel production reached 9.25 MT, representing a 14% year-on-year growth, while steel sales increased 9% to 8.68 MT. For the fourth quarter, production stood at 2.65 MT and sales at 2.62 MT. Consolidated gross revenue for FY26 was ₹62,412 crore, up 8% year-on-year. Adjusted EBITDA for the year was ₹9,099 crore.

Board Meeting Outcomes and Regulatory Compliance

The Board meeting held on May 1, 2026, from 12:30 P.M. to 07:20 P.M., approved several key decisions in compliance with SEBI regulations. The directors considered and approved the audited financial results for Q4 and FY26, duly reviewed by the Audit Committee. They also recommended the final dividend for FY26 at 200%, equivalent to ₹2 per equity share, subject to shareholder approval at the Annual General Meeting. Additionally, the Board approved the re-appointment of M/s Shome & Banerjee, Cost Accountants, as Cost Auditors for FY27. In compliance with Regulation 47 read with Schedule III of the SEBI Listing Regulations, the audited financial results for the fourth quarter and year ended March 31, 2026 were subsequently published in Hari Bhoomi (Hindi) and Financial Express (English) newspapers on May 2, 2026. The publications have also been placed on the company's website at www.jindalsteel.in , as well as on the websites of the National Stock Exchange of India Limited and BSE Limited.

Project Updates and Capacity Expansion

FY26 marked an inflection point for Jindal Steel with successful commissioning of key facilities under the current expansion plan. During the year, the company commissioned the 4.6 MTPA Blast furnace – Bhagavati Subhadrika, 3.0 MTPA BOF2 and 3.0 MTPA BOF3, increasing crude steel capacity to 15.6 MTPA. The company also operationalized both modules of SBPP (2 X 525 MW), a 1.2 MTPA CRM complex and a coal pipe conveyor belt. Jindal Steel has been declared the preferred bidder for the Thakurani – A1 iron ore block, further strengthening its iron ore security.

Earnings Call and Investor Communication

Following the announcement of financial results, Jindal Steel conducted its earnings call for Q4FY26 and FY26 on May 2, 2026, with institutional investors and analysts. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made the audio recording of the earnings call available on its website at www.jindalsteel.in/performance-highlights-2 . The earnings presentation was also submitted to stock exchanges and uploaded on the company's website for investor access.

Jindal Steel has unveiled its ambitious production and sales targets for the fiscal year 2027, outlining significant growth objectives that reflect the company's expansion strategy in the steel sector.

Production and Sales Targets for FY27

The steel manufacturer has set comprehensive targets for both production capacity and sales volume for FY27:

Strategic Growth Framework

The announced targets demonstrate Jindal Steel's commitment to scaling up operations significantly. The production target of 11.0 to 11.5 million tons indicates the company's focus on expanding manufacturing capabilities, while the sales target of 10.5 to 11.0 million tons reflects anticipated market demand and distribution strategies.

Market Positioning

These targets position Jindal Steel for substantial growth in India's steel industry. The alignment between production capacity and sales projections suggests a balanced approach to expansion, ensuring that increased manufacturing capabilities are matched with corresponding market reach and customer demand fulfillment strategies.