Jindal Steel posts strong Q2 FY26 results, driven by expansion

Jindal Steel reported a consolidated gross revenue of INR 13,505 crore and an adjusted EBITDA of INR 1,875 crore for Q2 FY26, with a profit after tax of INR 635 crore. Production reached 2.00 MT and sales totaled 1.87 MT, demonstrating steady operational performance. Key facilities, including the 4.6 MTPA Blast Furnace – 2 and 3 MTPA Basic Oxygen Furnace – 2, were commissioned at Angul, boosting production capabilities.

The company's strategic focus on value-added products led to value-add sales comprising 73% of total sales, a new record. This quarter also marked the first-ever CGL dispatch and CR products exports. Despite seasonal weakness impacting steel demand, India's steel demand grew by 9% in 9MCY25.

Jindal Steel’s capital allocation framework supports continued investment in steel and ancillary businesses, primarily in India, with an annual CAPEX target of INR 7,500 –10,000 crore. The company maintains a Net Debt/EBITDA of 1.48x and cash balance of INR 4,682 crore, reflecting prudent financial management.