Jindal Steel Q3: Revenue Up 11%, Margins Contract Sharply Amid Cost Pressures
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CNBC TV18•30-01-2026, 17:40
Jindal Steel Q3: Revenue Up 11%, Margins Contract Sharply Amid Cost Pressures
- •Jindal Steel Ltd reported an 11% year-on-year revenue increase to ₹13,026 crore in Q3, meeting Street expectations.
- •EBITDA declined 25.2% year-on-year to ₹1,632 crore, with operating margin contracting to 12.5% from 18.6% due to cost pressures.
- •Net profit plummeted 80% year-on-year to ₹188.5 crore, significantly missing estimates.
- •Steel production and sales volumes showed strong sequential improvement, rising 25% and 22% quarter-on-quarter respectively.
- •Consolidated net debt increased to ₹15,443 crore, and the company invested ₹2,076 crore in capital expenditure, primarily for expansion projects at Angul.
Why It Matters: Jindal Steel's Q3 saw revenue growth and volume improvement, but profitability was hit hard by margin contraction.
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