Jindal Steel Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Jindal Steel reported Q1FY27 consolidated adjusted EBITDA of Rs 2,667 crores and profit after tax of Rs 844 crores, with revenue down around 8% sequentially due to a planned plant maintenance shutdown. Management said the share of value-added products rose from 61% in Q4FY26 to 66% in Q1FY27, while average selling price improved by around Rs 7,500 per ton. The newly appointed leadership team, including Managing Director Vidya Ratan Sharma, COO Rajiv Kumar and CFO Sandeep Modi, outlined plans to ramp up blast furnace utilization, commission the slurry pipeline, and reduce costs.
Jindal Steel reported FY26 consolidated gross revenue of Rs 62,412 crore, up 8% year-on-year, with adjusted EBITDA of Rs 9,099 crore and profit after tax of Rs 3,361 crore, up 18%. The company completed its Angul expansion, taking steelmaking capacity from 9.6 million tonnes to 15.6 million tonnes, and recognised an impairment on its Australian mining assets after closing the shaft there. Management guided FY27 production of 11 to 11.5 million tonnes and sales of 10.5 to 11 million tonnes, and said coking coal prices are expected to rise $20 to $25 per tonne sequentially in Q1FY27.