Jindalsteelpower
Manufacturing · 1 quarter tracked · source-linked performance and management context.
Latest revenue
₹15,172 Cr
financial record pending verification
Quarters tracked
1
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Delivery assessment
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Call date
2026-02-07
latest available source date
Signal trajectory
1 actual quarterCurrent read
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Latest source read
What changed this quarter?
Jindal Steel & Power reported a challenging Q3 FY26 with consolidated revenue of ₹15,172 crore, up 12% QoQ, driven by record production and sales volumes. However, EBITDA margin contracted to 10.5% due to weak steel prices, unfavorable product mix, and ₹350 crore one-time BF2 startup costs. Adjusted EBITDA per ton stood at ₹8,516. PAT was ₹189 crore, impacted by the same factors. Management expects Q4 to be stronger, supported by higher volumes, improved pricing (up ₹3,000-3,500/ton from December lows), and stabilization of new capacities. Key projects remain on track, including BOF3 commissioning by Q4 FY26. Risks include rising coking coal costs ($18-20/ton sequential increase) and potential margin pressure from product mix shift towards lower-value HRC during ramp-up.
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Revenue
₹15,172 Cr
Source date
2026-02-07
Across the record
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