Jindal Steel Q4 FY26: Strong Turnaround & Margin Expansion

Key Highlights • Net Profit: ₹1,041.24 Cr (vs ₹303.59 Cr loss YoY, ↑452.2% QoQ) • Revenue: ₹16,217.93 Cr (↑23.0% YoY, ↑24.5% QoQ) • EBITDA: ₹2,939.06 Cr (↑29.4% YoY, ↑79.9% QoQ) • EBITDA Margin: 18.12% (vs 17.23% YoY, 12.54% QoQ) Shareholder Return • Dividend: ₹2 per share What Stands Out • Strong turnaround from loss to profit YoY • Robust sequential growth across revenue and EBITDA • Margin expansion, indicating better realization and cost efficiency Why It Matters Improving profitability and margins reflect better steel pricing environment and operational efficiency, supporting earnings recovery. Learning Outcome In cyclical sectors like steel, profitability can swing sharply with pricing cycles. Investors should track margins and demand trends closely.