Full Year 2026 Jindal Steel Ltd Earnings Call Transcript

May 02, 2026 / 07:30AM GMT

Transcript

Key Points

Positve

Jindal Steel Ltd (BOM:532286) increased its steelmaking capacity from 9.6 million tonnes per annum to 15.6 million tonnes per annum, marking significant progress in its expansion projects.
The company reported a consolidated gross revenue of INR62,412 crores for FY26, an increase of 8% compared to FY25.
Profit after tax for FY26 grew by 18% to INR3,361 crores, with a corresponding earnings per share of INR33.
Jindal Steel Ltd (BOM:532286) achieved a balanced sales mix across product categories, focusing on higher value-added products to optimize realizations.
The company is making strong progress on its AI and digital transformation journey, aiming to become a truly intelligent enterprise with initiatives like the Jarvis platform.

Negative

The company recognized an impairment of INR1,433 crores related to its Australian assets, impacting its consolidated results.
Despite the increase in capacity, the adjusted EBITDA per tonne decreased from INR11,712 in FY25 to INR10,482 in FY26.
The Middle East conflict has tempered near-term regional demand, affecting the broader global outlook.
Coking coal prices increased, partially offsetting the benefits of recovered HRP and TMT PA prices during the quarter.
The company faces challenges in ramping up its facilities, with a focus on achieving capacity utilization before optimizing the product mix towards higher value-added products.

Operator

Ladies and gentlemen, good day, and welcome to the Jindal Steel Q4 FY26 earnings conference call hosted by JM Financial Institutional Securities. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Ashutosh Somani from JM Financial Institutional Securities. Thank you, and over to you, sir.

Ashutosh Somani

JM Financial Institutional Securities Pvt Ltd - Analyst

Thanks, operator, and welcome, everyone, to the call. I will first thank Jindal Steel for giving JM Financial the opportunity to host today's call. Without much ado, I'll hand over the call to Mr. Vishal Chandak, Head Investor Relations, Jindal Steel, to introduce the management. Over to Vishal.

Vishal Chandak

Jindal Steel Ltd - Head - Investor Relations

Thank you very much. Good morning, ladies and gentlemen. Sorry, good afternoon. Thank you very much for joining us for the Q4 and FY25 earnings briefing on a Saturday on a long weekend. Quickly, we'll introduce the management participants

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