Jindal Steel Limited (JINDALSTEL) Earnings Call Transcripts

Jindal Steel Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Jindal Steel Limited reported significant growth in both revenue and earnings, driven by capacity expansion and strong domestic demand. The company achieved consolidated gross revenue of INR 19,399 crores, a 28% increase from the previous quarter, and a profit after tax of INR 1,041 crores. Management provided guidance for FY '27 production of 11 to 11.5 million tonnes and sales of 10.5 to 11 million tonnes, indicating continued growth. The expansion at Angul has increased steelmaking capacity from 9.6 to 15.6 million tonnes per annum, positioning the company to capitalize on India's robust steel demand.

Reported metrics

Guidance from management

For FY '27, Jindal Steel expects production of 11 to 11.5 million tonnes and sales of 10.5 to 11 million tonnes. Management anticipates continued strong demand and supportive steel prices.

What management said

Thank you very much. Good morning, ladies and gentlemen. Sorry, good afternoon. Thank you very much for joining us for the Q4 and FY '25 earnings briefing on a Saturday on a long weekend. Quickly, we'll introduce the management participants. We have with us, Mr. Gautam Malhotra, CEO; Mr. Damodar Mittal, the Wholetime Director; Mr. Sunil Agarwal, CFO; Mr. Sanjeev Nanda, President Finance; Mr. Panama, Sales and Marketi...

Thank you for your question. So 2 things. We have a mix in our order book of spot selling as well as contractual selling. So typically, in a rising market and a falling market, there is usually a lag also in the system. So you can see that our ASP has increased significantly and considerably in the last quarter. I think second part of your question was more related to you seeing a slight dip in the market. yes, but w...

What analysts pressed on

Analysts expressed concerns about the impact of rising coking coal prices on margins and the timeline for achieving a higher mix of value-added products. Questions also focused on the potential for further write-downs and the ramp-up of new capacities.

Main topics on the call

• Capacity Expansion — Jindal Steel expanded its steelmaking capacity from 9.6 million tonnes to 15.6 million tonnes per annum, primarily due to the Angul expansion. Management stated, 'The Angul expansion has taken our company's total steelma...
• Financial Performance — The company reported consolidated gross revenue of INR 62,412 crores for FY '26, an 8% increase year-over-year. Adjusted EBITDA was INR 9,099 crores, with a per tonne basis of INR 10,482. Profit after tax grew by 18% to ...
• Market Outlook — Management highlighted a positive outlook for the Indian steel market, with domestic demand projected to expand by 7.4% in 2026. They noted, 'Steel demand in India is expected to remain reasonably strong, supported by in...
• Cost Management — The company faced increased coking coal prices, which partially offset revenue gains. Management expects coking coal prices to increase by $20 to $25 per tonne in Q1 FY '27.

Read the full Jindal Steel Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 Jindal Steel Limited earnings call transcripts on record, spanning January 20, 2020 to July 25, 2026. Based on this history, Jindal Steel Limited reports quarterly. The most recent call on file is dated July 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

JINDALSTEL

Exchange

NSEI

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

25

First call

January 20, 2020

Most recent

July 25, 2026

Reporting cadence

quarterly