Jindal Steel has reported a remarkable turnaround in its financial performance, posting a consolidated net profit of ₹1,044.75 crore in Q4 FY26, compared to a net loss of ₹339.40 crore in Q4 FY25. This significant improvement is attributed to a 23% increase in net sales, reaching ₹16,217.93 crore, driven by higher production and sales volumes of steel, which rose to 2.65 MT and 2.62 MT, respectively. The company's total operating expenditure also increased by 16.1% to ₹14,106.05 crore during the same period. Adjusted EBITDA for the quarter was reported at ₹2,647 crore, marking a 66% quarter-on-quarter increase.

For the entire fiscal year 2026, Jindal Steel reported a net profit of ₹3,367.38 crore, reflecting a 19.7% year-on-year growth, while total income rose by 7% to ₹53,224.92 crore. The company has also made significant capital investments, with a total capex of ₹2,573 crore for the quarter. Notably, Jindal Steel has expanded its crude steel capacity to 15.6 MTPA and secured its iron ore supply by being declared the preferred bidder for the Thakurani A1 iron ore block. The stock closed at ₹1,223.85, down 0.40% on the BSE.