Jindal Steel and Power (JSPL) reported a consolidated net profit of ₹1,041 crore in Q4 FY26, marking a sharp turnaround from a ₹304 crore loss in the same quarter last year, driven by record sales and higher revenues.
The company’s total income rose 25% year-on-year to ₹16,484 crore during the January–March quarter, compared to ₹13,254 crore in Q4 FY25.
On a sequential basis, profit surged fivefold from ₹189 crore in Q3 FY26, reflecting improved operational performance.
For the full financial year FY26, JSPL posted a 20% increase in net profit to ₹3,361 crore, while total income grew to ₹53,553 crore, up from ₹49,932 crore in FY25.
The company also achieved its highest-ever production and sales, with output rising 14% to 9.25 million tonnes (MT) and sales increasing 9% to 8.68 MT during the year.
During the quarter, JSPL incurred a capital expenditure of ₹2,573 crore, as it continues to invest in capacity expansion and operational efficiency.
The board has recommended a final dividend of ₹2 per share, subject to shareholder approval.
On the balance sheet side, the company reported a consolidated net debt of ₹16,019 crore as of March 31, 2026.
In a strategic development, JSPL was declared the preferred bidder for the Thakurani A1 iron ore block, strengthening its raw material security and long-term supply chain.
Part of the Naveen Jindal Group, JSPL is among India’s top integrated steel producers, with manufacturing facilities in Odisha and Chhattisgarh.
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