JINDAL STEEL quarterly results and financials

JINDAL STEEL (JINDALSTEL)₹1,146−0.78%(9 Nov 2026 close)Iron & Steel

Key facts

In the Sep 2026 quarter (consolidated), JINDAL STEEL reported sales of ₹16,673 Cr, up 42.6% from Sep 2025, and net profit of ₹771 Cr, up 21.4% year on year. For the year to Mar 2026, sales were ₹53,217 Cr and net profit ₹3,363 Cr.

Sales (Sep 2026): ₹16,673 Cr
Net profit (Sep 2026): ₹771 Cr
Sales (FY Mar 2026): ₹53,217 Cr
Net profit (FY Mar 2026): ₹3,363 Cr
EPS (Sep 2026): ₹7.60
Borrowings (Mar 2026): ₹22,675 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

JINDAL STEEL quarterly results

₹ crore unless stated; each column is a quarter.

JINDAL STEEL Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	11,699	13,484	13,628	11,219	11,757	13,194	12,296	11,693	13,027	16,215	15,476	16,673
Expenses	8,871	11,049	10,796	9,025	9,572	10,928	9,295	9,612	11,407	13,302	12,836	14,120
Operating Profit	2,843	2,446	2,841	2,203	2,186	2,263	3,007	2,082	1,629	2,932	2,661	2,571
OPM %	24.0%	18.0%	21.0%	20.0%	19.0%	17.0%	24.0%	18.0%	13.0%	18.0%	17.0%	15.0%
Other Income	34.93	34.95	33.93	34.93	25.93	−1,156	29.93	21.96	−44.94	−549	18.96	24.96
Interest	314	320	331	326	313	341	297	370	406	441	547	565
Depreciation	636	994	682	695	698	690	722	750	839	861	925	946
Profit before tax	1,920	1,161	1,852	1,209	1,195	71.76	2,012	980	338	1,070	1,200	1,081
Tax %	0.0%	20.0%	27.9%	28.9%	20.9%	523.0%	25.9%	34.9%	43.9%	3.0%	29.9%	28.9%
Exceptional items	0.00	0.00	0.00	0.00	0.00	−854	0.00	0.00	−10.99	−358	0.00	0.00
Net Profit	1,929	934	1,340	860	952	−304	1,498	635	189	1,042	844	771
EPS (Rs)	18.91	9.16	13.13	8.45	9.33	−3.34	14.66	6.25	1.88	10.23	8.27	7.60

JINDAL STEEL profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

JINDAL STEEL Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	19,467	21,613	33,307	46,969	37,929	34,608	51,141	53,228	50,342	49,808	53,217	61,391
Expenses	16,046	16,913	26,855	38,598	31,131	21,497	35,667	43,290	40,178	40,297	43,564	51,665
Operating Profit	3,440	4,708	6,469	8,422	6,835	13,122	15,576	9,941	10,209	9,492	9,713	9,793
OPM %	18.0%	22.0%	19.0%	18.0%	18.0%	38.0%	30.0%	19.0%	20.0%	19.0%	18.0%	16.0%
Other Income	−78.84	−361	−583	−1,467	73.92	−1,858	−1,880	−538	156	−1,063	−602	−550
Interest	3,247	3,435	3,861	4,256	3,764	2,750	1,884	1,442	1,291	1,310	1,515	1,959
Depreciation	4,069	3,949	3,878	5,472	3,428	2,413	2,095	2,690	2,820	2,765	3,168	3,571
Profit before tax	−3,953	−3,033	−1,858	−2,794	−290	6,057	9,663	5,246	6,224	4,330	4,396	3,690
Tax %	−22.1%	−17.1%	−13.1%	−14.1%	36.9%	29.9%	30.0%	24.9%	5.0%	34.0%	23.9%	—
Exceptional items	−82.07	−362	−577	−1,457	−125	−148	−292	−959	75.01	−711	−665	−369
Net Profit	−3,089	−2,540	−1,619	−2,413	−400	4,271	6,776	3,979	5,949	2,848	3,363	2,847
EPS (Rs)	−32.43	−24.90	−14.55	−16.99	−1.06	35.61	56.34	31.10	58.17	27.58	32.98	27.98
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.0%	6.0%	3.0%	7.0%	6.0%	—

JINDAL STEEL balance sheet

₹ crore, at each year end.

JINDAL STEEL Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	91.27	91.26	92.21	97.19	97.17	102	102	101	100	100	101	102
Reserves	20,938	32,345	29,942	30,276	31,980	32,052	31,689	35,496	38,588	44,233	47,107	50,803
Borrowings	42,594	46,948	46,023	43,069	39,647	36,935	30,010	13,545	13,091	16,528	18,451	22,675
Other Liabilities	12,000	13,168	14,667	15,911	17,436	20,755	16,112	27,586	17,734	17,865	20,163	24,162
Total Liabilities	75,625	92,552	90,724	89,352	89,161	89,846	77,913	76,728	69,515	78,727	85,823	97,742
Fixed Assets	46,781	65,209	66,108	68,614	69,238	69,520	54,475	45,627	43,666	48,486	49,077	64,251
CWIP	9,073	11,846	9,732	4,983	4,029	3,131	1,715	2,543	7,880	9,618	16,750	8,379
Investments	1,780	391	367	145	150	180	1,152	468	904	816	2,194	3,159
Other Assets	17,989	15,107	14,518	15,611	15,743	17,015	20,573	28,089	17,064	19,807	17,803	21,953
Inventories	4,842	3,247	3,590	4,951	6,503	6,358	5,929	7,264	5,879	7,066	5,600	8,012
Trade receivables	1,687	1,425	1,712	1,821	3,022	3,540	2,786	1,262	972	1,662	1,360	1,725
Cash & equivalents	1,140	621	477	469	422	907	6,158	3,671	4,724	4,025	4,180	4,148
Total Assets	75,625	92,552	90,724	89,352	89,161	89,846	77,913	76,728	69,515	78,727	85,823	97,742

JINDAL STEEL cash flow

₹ crore, for each year.

JINDAL STEEL Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,181	4,330	6,842	7,721	9,019	8,811	11,955	16,047	7,341	5,998	10,816	7,203
Cash from investing activity	−6,704	−2,259	−1,994	−1,429	−831	−1,474	−1,881	−2,327	−4,085	−8,336	−12,300	−10,711
Cash from financing activity	5,716	−2,676	−5,115	−6,284	−8,270	−7,024	−4,615	−15,125	−2,502	1,382	810	2,805
Net cash flow	174	−603	−257	17.05	−67.20	323	5,482	−1,408	760	−959	−692	−730
Capex	5,087	3,937	2,492	2,571	1,429	1,536	856	2,935	6,425	8,489	10,577	9,548
Free cash flow	−3,867	480	4,500	6,107	7,842	7,315	11,133	13,178	945	−2,420	334	−2,343
CFO / OP %	28.1%	127.1%	144.1%	120.1%	107.1%	128.1%	91.1%	116.1%	101.1%	66.1%	130.1%	88.1%

JINDAL STEEL ratios

Working-capital days and returns, by year.

JINDAL STEEL Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	32	27	29	20	24	34	30	9	7	12	10	12
Inventory days	323	181	185	191	146	207	196	130	87	117	87	115
Days payable	137	129	150	162	117	181	133	94	69	78	88	126
Cash conversion cycle	218	79	64	50	53	60	92	45	24	52	8	1
Working capital days	86	−84	−142	−63	−59	−80	−66	−2	−39	−22	−37	−12
ROCE %	5.0%	−1.0%	1.0%	3.0%	4.0%	5.0%	16.9%	23.9%	13.9%	12.9%	10.9%	9.9%

JINDAL STEEL: frequently asked questions

What are the latest quarterly results of JINDAL STEEL?

For the Sep 2026 quarter, JINDAL STEEL reported sales of ₹16,673 Cr, up 42.6% year on year and net profit of ₹771 Cr, up 21.4% year on year. The operating margin was 15.0%.

What is the annual revenue of JINDAL STEEL?

JINDAL STEEL's sales for the year to Mar 2026 were ₹53,217 Cr; over the last twelve months they were ₹61,391 Cr.

What is the net profit of JINDAL STEEL?

Net profit for the year to Mar 2026 was ₹3,363 Cr, and ₹2,847 Cr over the last twelve months. Earnings per share over the same trailing period were ₹27.98.

How much debt does JINDAL STEEL have?

JINDAL STEEL reported borrowings of ₹22,675 Cr at Mar 2026, against cash and equivalents of ₹4,148 Cr.

What is the free cash flow of JINDAL STEEL?

Cash from operations was ₹7,203 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2,343 Cr.

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