Jindal Steel Ltd, based in New Delhi, reported a 20% increase in net profit for FY26, reaching ₹3,367 crore. Revenue from operations grew 8% to ₹53,553 crore, supported by record production levels and firm steel prices in the latter half of the fiscal year. However, the company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) fell 3% to ₹9,099 crore, primarily due to a 12% rise in material costs, which totaled ₹23,089 crore. The adjusted EBITDA margin decreased to 17.09%, down from 18.76% in FY25. Jindal Steel's crude steel production increased 14% to 9.25 million tonnes, while sales volume rose 9% to 8.68 million tonnes. The company has initiated several expansions, including a new blast furnace and two basic oxygen furnaces at its Angul plant in Odisha, boosting its total steelmaking capacity to 15.6 million tonnes per annum. Additionally, Jindal Steel's net debt increased to ₹16,019 crore as of March 31, 2026, due to ongoing capital expenditures. The board has also proposed a final dividend of ₹2 per share, pending shareholder approval.