Jindal Steel Profit Rises as Record Revenue Beats Estimates
Jindal Steel's July-September profit rose 21% year on year and revenue hit an all-time high of 19,448 crore, both beating analyst estimates, per Moody's.
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what happened
Jindal Steel's consolidated profit climbed 21% year on year to 771 crore in July-September. Gross revenue jumped 44% to an all-time high of 19,448 crore. Both figures topped analysts' forecasts, according to Moody's.
Consolidated steel output rose to 2.4 million tonnes from 2 million a year earlier, while sales reached 2.38 million tonnes against 1.87 million. Adjusted EBITDA grew 33% to 2,504 crore, and EBITDA per tonne of steel came in at 10,529, up from 10,010. The company said it sold a larger share of flat products and fewer TMT rebars, which lifted the average selling price. Shares closed at 1,012 on the BSE, down 1.7%.
why it matters
Revenue growth came from both volumes and higher prices, driven by a shift in product mix, which matters for judging the company's margins. The rise in EBITDA per tonne suggests profitability held up. The report covers one company, but it gives a reference point for India's steel sector.
market impact
Jindal Steel shares and India's steel sector: record revenue and higher margins act as a support factor
tags
instruments
sources
- Jindal Steel Net Jumps on Record Revenues — Moody's, 24 October 2026 at 04:14 UTC
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