What was Jindal Steel's revenue in Q4 FY26?

Jindal Steel reported revenue of ₹16,218 Cr in Q4 FY26, a — change year-over-year.

Did Jindal Steel management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Jindal Steel Q4 FY26 Research Workspace: Revenue ₹16,218 Cr (—)

Q: What guidance did Jindal Steel management give?

FY27 production guidance: 11-11.5 million tons: Management expects continued ramp-up of Angul capacities to drive volume growth in FY27.

Revenue ₹16,218 Cr

EBITDA ₹2,647 Cr

PAT ₹1,041 Cr

EBITDA Margin 18%

Duration 47 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Jindal Steel reported a strong Q4 FY26 with consolidated gross revenue of ₹19,399 crore, up 28% QoQ, driven by volume ramp-up at the expanded Angul facility and a recovery in steel prices. Adjusted EBITDA stood at ₹2,647 crore with per-ton EBITDA of ₹10,093, though PAT was impacted by a ₹1,433 crore impairment on Australian assets. The company achieved record production of 2.65 million tons and sales of 2.62 million tons, up 26% and 23% YoY respectively. Management guided FY27 production of 11-11.5 million tons and sales of 10.5-11 million tons, with coking coal costs expected to rise $20-25/ton in Q1. The slurry pipeline commissioning in Q1 FY27 is expected to deliver ₹750-1,000 per ton savings. Key risk: volatility in coking coal prices and steel price realizations could pressure margins.

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Coking coal price volatility

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Quarter Snapshot

Production Volume (Q4 FY26) 2.65M tons

+26% YoY

Record quarterly production driven by Angul expansion ramp-up.

Sales Volume (Q4 FY26) 2.62M tons

+23% YoY

Strong dispatches aligned with improved demand environment.

Blended ASP (Q4 FY26) ₹4,743/ton

+₹4,743/ton QoQ

Sequential increase due to price recovery in HRC and TMT rebar.

Value-Added Product Mix (FY26) 61%

-5pp QoQ

Decline due to focus on capacity utilization during ramp-up; expected to recover in H2 FY27.

Fast read

Guidance and risk preview

Top guidance FY27 production guidance: 11-11.5 million tons

Management expects continued ramp-up of Angul capacities to drive volume growth in FY27.

Top risk Coking coal price volatility

Management highlighted a $20-25/ton sequential increase in coking coal costs for Q1 FY27, which could pressure margins if steel prices do not keep...