Jindal Steel Limited has announced its unaudited financial results for the first quarter of fiscal year 2026, ending June 30, 2025, showcasing a robust performance despite seasonal challenges.

Financial Highlights

The company reported a consolidated adjusted EBITDA of INR 2,984.00 crore for Q1FY26, marking a significant 20% quarter-on-quarter increase. This improvement came despite an 8% decline in gross revenue, which stood at INR 14,336.00 crore for the quarter.

Jindal Steel's profit after tax (PAT) reached INR 1,496.00 crore, representing a substantial 36% increase compared to the adjusted PAT of the previous quarter. The company's focus on operational efficiency and value-added products has contributed to this strong bottom-line performance.

Production and Sales

Steel production remained relatively stable at 2.09 million tonnes (MT), a marginal 1% decrease from the previous quarter. However, sales volume saw a more pronounced decline of 10% quarter-on-quarter, settling at 1.90 MT. This reduction in sales volume was attributed to the replenishment of inventory after a seasonally strong fourth quarter.

Export Performance and Value-Added Sales

Notably, Jindal Steel's export share increased to 7% in Q1FY26 from 3% in the previous quarter, indicating improved international market penetration. The company also achieved its highest-ever value-added sales, accounting for 72% of total sales, reflecting its strategic focus on high-margin products.

Financial Position

The consolidated net debt stood at INR 14,400.00 crore as of June 30, 2025, compared to INR 11,957.00 crore at the end of the previous quarter. Consequently, the net debt to EBITDA ratio increased to 1.49x from 1.26x in the preceding quarter.

Expansion and Operational Updates

Jindal Steel is on the verge of commissioning India's second-largest blast furnace at its Angul plant, with production expected to commence within the month. The company has also successfully commissioned a 0.20 MTPA Continuous Galvanizing Line (CGL-1), enhancing its value-added product capabilities.

Other notable operational milestones include:

• Commissioning of a 0.50 MTPA HR Skin Pass Mill
• Installation of a 3.6 MTPA twin strand slab caster
• Deployment of a 1,710 TPD Oxygen plant
• Introduction of state-of-the-art Cut to Length (CTL) and HR Slitter lines

Mining Operations

In a strategic move to secure raw material supply, Jindal Steel has acquired the Roida-I Iron Ore and Manganese Block in Odisha. This mine has an Environmental Clearance capacity of 3 MTPA and an estimated reserve of 126.05 MT. The company has already initiated iron ore extraction from this new asset.

Outlook

Despite the seasonal challenges typically associated with the first quarter, Jindal Steel's performance demonstrates its resilience and strategic focus on value-added products. The ongoing expansion projects and operational improvements position the company well for future growth in the dynamic steel market.

As Jindal Steel continues to invest in capacity expansion and efficiency improvements, it remains committed to delivering high-quality steel solutions to meet the evolving needs of diverse industries, supporting India's infrastructure development and economic growth.

Jindal Steel & Power , a major player in India's steel industry, has officially changed its company name to Jindal Steel Limited. This corporate rebranding exercise, effective from July 22, 2025, marks a significant milestone in the company's journey and strategic direction.

Key Highlights of the Rebranding

• New Identity: The company will now be known as Jindal Steel Limited, dropping "& Power" from its previous name.
• Effective Date: The name change became official on July 22, 2025.
• Regulatory Approval: The rebranding has been approved by the Registrar of Companies, Ministry of Corporate Affairs, Government of India.
• Unchanged Fundamentals: The company's Corporate Identification Number (CIN: L27105HR1979PLC009913) and registered office address remain the same.

Strategic Implications

The name change to Jindal Steel Limited is more than just a cosmetic update. It reflects the company's:

1. Focused Strategy: The new name emphasizes the company's core business in steel production.
2. Global Positioning: It aims to provide clarity of identity both within India and on the global stage.
3. Future Orientation: The rebranding positions Jindal Steel as a dedicated, future-forward steel enterprise.

Continuity Amidst Change

Despite the name change, Jindal Steel has assured stakeholders of continuity in its operations:

• All existing rights, responsibilities, obligations, and contracts remain valid and unchanged.
• The company continues to operate as a public limited company.
• Necessary filings have been made with stock exchanges and relevant statutory authorities.

Company Profile

Jindal Steel, formerly known as Jindal Steel & Power, is an industrial powerhouse with a strong presence in steel, mining, and infrastructure sectors. The company has made strategic investments of $12.00 billion worldwide and is focused on enhancing capacity utilization and operational efficiencies. As a leading steel manufacturer, Jindal Steel is committed to reducing its carbon footprint and pioneering sustainable practices in the industry.

This rebranding exercise appears to be a strategic move by Jindal Steel to align its corporate identity more closely with its core business and future aspirations in the steel industry. The company's commitment to contributing to a self-reliant India while focusing on responsible industrial growth remains at the forefront of its mission.

Investors and stakeholders will be watching closely to see how this rebranding impacts the company's market position and future growth strategies in the competitive steel sector.