Jindal Steel posts 35% EBITDA jump in Q1

Jindal Steel Limited reported consolidated adjusted EBITDA of Rs. 2,984 crores for Q1 FY26, with adjusted EBITDA per tonne up 35% quarter-on-quarter at Rs. 15,680. Consolidated PAT rose 36% to Rs. 1,496 crores.

Steel production was marginally down 1% to 2.09 million tonnes, while sales volumes decreased 10% to 1.90 million tonnes due to monsoon and inventory replenishment. The company commissioned its first 0.2 million tonne continuous galvanizing line at Angul.