“Jindal Steel’s profit melts 26%! What’s cooking behind the furnace?”

📊 Q2 FY26 Financial Highlights - Net Profit: ₹635 crore (down 26% YoY) from ₹860 crore - Revenue from Operations: ₹11,685.88 crore (up 4.2% YoY) - Operating Profit (EBITDA): ₹1,504 crore (down 30.2% YoY) - Profit After Tax: ₹860.9 crore (down 35.7% YoY) 🧠 Investor Watchouts - Margin Pressure: Despite revenue growth, operating profit and PAT declined sharply, indicating cost pressures or weaker realizations. - Leadership Change: Gautam Malhotra appointed as CEO. His strategic direction and execution will be key for future performance. - Steel Demand & Pricing: Global steel prices and domestic infrastructure demand will influence future quarters. Investors should monitor China’s demand trends and Indian government spending. - Debt & Expansion: No major capex or debt updates this quarter. Investors should track future announcements on capacity expansion or deleveraging. 📉 Impact on Stock Price - Stock Movement: As of October 24, 2025, Jindal Steel traded around ₹1,005–₹1,008, down marginally by 0.4%. - Market Sentiment: The muted stock reaction suggests the earnings miss was either expected or offset by broader sector optimism.