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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
Sukhjit S. Pasricha resigned as President and Head of HR effective October 31, 2026, less than three months after joining in July 2026. This follows earlier exits by CEO Gautam Malhotra and CFO Mayank Gupta. The company has not announced interim or permanent replacements for the HR role.
For the quarter ended September 2026, management reported consolidated net revenue of ₹16,704 crores and adjusted EBITDA of ₹2,504 crores. Consolidated net debt stood at ₹14,786 crores at September-end, a decrease of ₹1,141 crores from June-end.
The stock closed at ₹1,165.00 with a market capitalization of approximately ₹11,730 crores. It shows a bullish daily trend but a bearish weekly trend. Key resistance levels are near ₹1,165.13 and ₹1,180.37, while support exists at ₹1,158.35 and ₹1,154.67.
Jindal Steel will participate in two investor conferences in Mumbai: the CITIC CLSA India Forum on November 17, 2026, and the Avendus Spark INDX India Flagship Annual Investor Conference on November 18, 2026. These meetings include one-on-one and group sessions with analysts and institutions.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹11,686 crore | ₹15,482 crore | PEAK₹16,679 crore |
| Expenses | ₹10,726 crore | ₹14,296 crore | PEAK₹15,619 crore |
| Finance Costs | ₹371 crore | ₹548 crore | PEAK₹566 crore |
| Profit Before Exceptional Items And Tax | ₹982 crore | PEAK₹1,205 crore | ₹1,084 crore |
| Profit Loss For Period | ₹635 crore | PEAK₹844 crore | ₹771 crore |
Revenue from operations rose 42.7% year on year and 7.7% quarter on quarter to ₹16,679 crore in Q2 FY2026-27. But expenses increased faster than revenue sequentially, and profit before tax fell 10.0% from Q1 to ₹1,084 crore, although it remained 10.4% above the year-earlier quarter.
Revenue and profit from continuing operations grew strongly year on year, but the sequential results were weaker: expenses outpaced revenue growth and pre-tax profit declined. Higher finance costs and a larger capital-work-in-progress balance are relevant alongside the quarter-end liquidity position; EPS remained above its year-earlier level.
Exchange disclosures and regulatory announcements for Jindal Steel.
Jindal Steel Limited will participate in two in-person analyst/institutional investor conferences in Mumbai: the 29th CITIC CLSA India Forum on November 17, 2026, and the Avendus Spark INDX India Flagship Annual Investor Conference on November 18, 2026. The meetings will include one-on-one and group meetings. The schedule is subject to change; no substantive business information is disclosed.
Jindal Steel Limited disclosed to the BSE and NSE that Mr. Sukhjit S. Pasricha, Head – Human Resources (Senior Management Personnel), has resigned from his position with the Company effective close of business hours on October 31, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and signed by Whole-time Director Damodar Mittal.
Jindal Steel Limited filed the transcript of its Q2FY27 earnings conference call held on October 23, 2026. Management reported consolidated quarterly gross revenue of INR 19,448 crores, net revenue of INR 16,704 crores and adjusted EBITDA of INR 2,504 crores. It also reported consolidated net debt of INR 14,786 crores at September-end, down INR 1,141 crores from June-end, and discussed production, cost and project updates.
JINDAL STEEL LIMITED has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
JINDAL STEEL LIMITED has informed the Exchange about General Updates |SUBJECT: General Updates
On October 23, 2026, the Board of Directors of Jindal Steel Limited approved the Unaudited Financial Results for the second quarter and six months ended September 30, 2026. Consolidated revenue from operations reached INR 16,703.54 crore for Q2FY27 (up 9% QoQ), with consolidated net profit after tax at INR 774.43 crore. The company commissioned the 18 MTPA Barbil–Angul iron ore slurry pipeline and invested INR 845.00 crore in Optionally Convertible Redeemable Preference Shares of its wholly owned subsidiary, Jindal Steel Odisha Limited (JSO). Additionally, the Board granted 6,17,703 stock options under the ESOP Scheme 2022.
Jindal Steel Limited filed its Q2FY27 Investor Presentation with the NSE and BSE on October 23, 2026. The filing reports consolidated Gross Revenue of INR 19,448 cr and Profit After Tax (PAT) of INR 771 cr for the quarter ended September 2026. Key operational metrics include steel production of 2.40 MT and sales of 2.38 MT. The company maintains a Net Debt/EBITDA ratio of 1.51x with cash liquidity of INR 7,237 cr. Operational highlights include the commissioning of the Utkal B1 iron ore block (5.5 MTPA), an 18 MTPA slurry pipeline, and a Guinness World Record for a 1.85 km steel slag road.
Integrated Filing- Financials|Original|
Recent market and company developments associated with Jindal Steel.
Jindal Steel President and Head of HR Sukhjit S. Pasricha resigned on October 31, less than three months after joining the company in July, citing personal commitments. His departure adds to a series of recent senior leadership exits at the steelmaker, including the resignations of CEO Gautam Malhotra and CFO Mayank Gupta. Jindal Steel has not announced a replacement for Pasricha or indicated any restructuring of its HR leadership team.
Jindal Steel announced that Sukhjit S. Pasricha, its President and Head of Human Resources, has resigned effective October 31, citing personal commitments less than three months after joining in July 2026. The company disclosed the departure via a regulatory filing under SEBI Listing Regulations but did not announce an interim or permanent replacement for the role.
PL Capital released its top 10 stock bets for the Diwali 2026 festive season, recommending Apollo Hospitals, DLF, GE Vernova, HBL Engineering, Jindal Steel, Marine Electricals, Shilpa Medicare, Syrma SGS Technology, TARIL, and TD Power Systems. The brokerage provided specific target prices and stop-loss levels for each selected equity based on technical analysis.
Markets have fallen sharply, but ICICI Securities’ Pankaj Pandey sees earnings resilience—not a broken growth story—behind the volatility. He expects double-digit returns over the next year and names five stocks, including Crompton Greaves and Kotak Mahindra Bank.
Brokerage PL Capital also known as Prabhudas Lilladher has come out with its Diwali Stock Picks for 2026.
Aditya Birla Capital sees a durable upcycle for Indian steel, driven by tightening supply, resilient demand and trade protection. It rates JSW Steel and SAIL Buy, and assigns Add to Tata Steel and Jindal Steel. It also initiates Positive coverage of ArcelorMittal.
HDFC Securities has maintained its 'BUY' rating on Kotak Mahindra Bank, JSW Steel, Jindal Steel and Nuvoco Vistas Corporation, while upgrading Shree Cement to 'BUY' from 'ADD'.
Buy Jindal Steel; target of Rs 1245: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime
Comprehensive Section Breakdown for Jindal Steel
Strategic Vision: Integrated steel producer with a mine-to-metal model.
Category: Manufacturing
The company's operations span the entire value chain from mining raw materials and captive power generation to manufacturing high-grade steel.
• Integrated operations from mining to metal production.
• Captive mining and power generation capacities.
• Proprietary technology for iron and steel making.
• Exclusive private player in rail manufacturing.
• Producer of the widest plates in coil form.
• Only private player producing fabricated steel structures.
Revenue from operations increased from ₹15,482 crore in Q1 FY2026-27 to ₹16,679 crore in Q2. Total income was ₹16,704 crore, including ₹25 crore of other income.
Expenses rose 9.3% quarter on quarter to ₹15,619 crore from ₹14,296 crore. Cost of materials consumed was ₹7,264 crore, while depreciation, depletion and amortisation expense was ₹947 crore. The faster increase in expenses coincided with profit before tax declining to ₹1,084 crore from ₹1,205 crore in Q1. It was above the ₹982 crore reported in Q2 FY2025-26.
Finance costs rose 3.3% sequentially to ₹566 crore from ₹548 crore in Q1 FY2026-27. They have increased in each of the past three quarters, from ₹406 crore in Q3 FY2025-26 to ₹442 crore in Q4 and ₹548 crore in Q1. Finance costs were also higher than the ₹371 crore reported in Q2 FY2025-26.
Tax expense declined 13.3% quarter on quarter to ₹313 crore from ₹361 crore. Profit from continuing operations was ₹771 crore, down 8.6% from Q1 but up 21.5% from ₹635 crore in Q2 FY2025-26. Earnings per share was ₹7.61, compared with ₹8.30 in Q1 and ₹6.28 a year earlier.
Property, plant and equipment stood at ₹61,594 crore on 30 September 2026, down from ₹62,533 crore on 31 March 2026 and up from ₹54,644 crore on 30 September 2025. Capital work in progress was ₹9,460 crore, compared with ₹7,265 crore at 31 March 2026.
At quarter-end, cash and cash equivalents were ₹1,833 crore and current investments were ₹4,157 crore, up from ₹2,107 crore at 31 March 2026. Bank balances other than cash and cash equivalents fell to ₹1,247 crore from ₹2,252 crore. Inventories were ₹8,391 crore, while current trade receivables were ₹1,191 crore, down from ₹1,729 crore at 31 March. Total assets were ₹99,811 crore and other equity was ₹52,265 crore on 30 September 2026.
Core Thesis: An integrated mine-to-metal model ensures quality, efficiency, and supports industrial growth through captive resources and advanced manufacturing.
• Mine-to-Metal Integration: Operations cover raw material mining, captive power generation, and steel manufacturing, ensuring end-to-end control over the value chain. • Captive Resources: Leverages captive iron ore and coal reserves, along with captive power generation capacity, to support steelmaking processes. • Advanced Manufacturing: Operates state-of-the-art facilities including India's largest Hot Strip Mill and a SynGas-based Coal Gasification Plant.