Jindal Steel's Q1 FY 2025-26 Quarterly Results

Result Summary

• Jindal Steel Ltd reported a 8.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 9.7%.
• Its expenses for the quarter were down by 16.6% QoQ and 12.6% YoY.
• The net profit increased 60.3% QoQ and increased 11.8% YoY.
• The earnings per share (EPS) of Jindal Steel Ltd stood at 14.73 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jindal Steel Ltd is a prominent player in the steel industry, known for its production of steel products and related services. The company operates in the industrial sector, focusing on the manufacturing and supply of various steel products that include hot rolled plates, coils, and structurals, among others. These products are primarily used in construction, infrastructure, automotive, and engineering industries. As of the last update in October 2023, the company may have been involved in expansions or collaborations to enhance its market presence, although specific recent developments are not available in the provided data.

Revenue

In the first quarter of fiscal year 2026 (Q1FY26), Jindal Steel Ltd reported a total income of ₹12,324.88 crores. This figure represents a decline of 8.8% when compared to the previous quarter (Q4FY25), where the total income stood at ₹13,521.31 crores. Additionally, on a year-over-year basis, there was a 9.7% decrease from Q1FY25, during which the company generated a total income of ₹13,652.33 crores. These figures reflect the company's revenue performance over the respective periods.

Profitability

For Q1FY26, Jindal Steel Ltd's profit before tax amounted to ₹2,017.91 crores, exhibiting a significant quarter-over-quarter increase of 73.5% from Q4FY25's profit before tax of ₹1,163.32 crores. Year-over-year, there was an 8.5% increase from Q1FY25, when the profit before tax was ₹1,859.05 crores. The company's profit after tax for Q1FY26 was ₹1,495.97 crores, marking a 60.3% rise from the previous quarter's ₹933.46 crores and an 11.8% increase from ₹1,337.92 crores in Q1FY25. The tax expense recorded was ₹521.91 crores, reflecting a 126.9% increase quarter-over-quarter and a negligible year-over-year change of 0.1%.

Operating Metrics

During Q1FY26, Jindal Steel Ltd's total expenses were ₹10,306.97 crores, which signifies a 16.6% decrease from Q4FY25's expenses of ₹12,357.99 crores. Compared to Q1FY25, there was a 12.6% reduction in expenses from ₹11,793.28 crores. The earnings per share for Q1FY26 were reported at ₹14.73, which indicates a 57.7% increase from ₹9.34 in Q4FY25 and a 10.7% rise from ₹13.31 in Q1FY25. These metrics provide insights into the company's operational efficiency and profitability over the measured periods.