Jindal Steel increased steel production by 15% y/y in Q1 FY2026/2027

At the same time, the company’s net profit for the same period fell by 44% y/y

Indian steelmaker Jindal Steel increased its steel production by 14.8% year-on-year in Q1 2026/2027 financial year (April–June), reaching 2.4 million tonnes. Steel sales volumes rose by 17.4% year-on-year – to 2.2 million tonnes. This was reported by SAHI.

According to the quarterly results, the company’s consolidated net revenue rose by 25.8% year-on-year – to 155 billion Indian rupees (₹15,501 crore), compared with ₹12,325 crore for the same period last year. Revenue exceeded market expectations, which had forecast a figure of ₹14,000 crore. The growth in revenue was driven by strong domestic demand in India and positive trends in operating volumes.

Despite growth in production and sales figures, the company’s profitability shows a significant drop in net profit, which fell by 43.6% year-on-year — from ₹1,496 crore to ₹844 crore, falling short of analysts’ consensus forecast of ₹930 crore. The main reason for the squeeze on margins and the fall in profitability was rising costs: in particular, certain operating and administrative expenses rose by 35%, whilst financial payments also increased.

Jindal Steel faces a challenge: high domestic steel consumption is supporting sales, but the rise in operating costs is offsetting this success. To stabilise the company’s market position and share price, the key priorities in the near future will be to restore operational efficiency and appoint a new CEO.

As reported by GMK Center, Jindal Steel increased steel production by 14% year-on-year – to 9.25 million tonnes and its sales by 9% year-on-year – to 8.7 million tonnes in the 2026 financial year. All these figures represent new all-time highs for the company.