JINDAL STEEL Results Analysis-Q4FY26

Operating Revenue for Q4FY26 is Rs. 16,218 Crs. 23% growth YoY, Total Income is Rs. 16,484 Crs., 24.36% growth YoY, Gross Profit is Rs. 7,882 Crs., 16.4% growth YoY, Adj. EBITDA is Rs. 2,647 Crs., 18% growth YoY, PBT Rs. 1,074 Crs. 1396% growth YoY, PAT Rs. 1,041 Crs. In comparison to loss of Rs. 304 Cr. On QoQ basis Op. Revenue is up by 24.5%, Total Income is up by 26.45%, Gross Profit is up by 25.46%, EBITDA is up by 79.9%, PBT is up by 216.98% and PAT is also up by 452.15%. Q4FY26 volumes (strong ramp-up signal): Production: 2.65 mt (+6% QoQ, +26% YoY) Sales: 2.62 mt (+15% QoQ, +23% YoY) FY26 described as a “defining year” with steelmaking capacity expanding from 9.6 mtpa to 15.6 mtpa, driven primarily by Angul ramp-up plus efficiency focus at Raigarh and Patratu. FY27 Outlook and Execution Priorities : • Volume guidance (key anchor): • FY27 production: 11.0–11.5 mt • FY27 sales: 10.5–11.0 mt