Jindal Steel Ltd. Q3 FY2026 results: revenue ₹13,027 crore, up 10.9% on the year
Jindal Steel Ltd. (JINDALSTEL) reported consolidated revenue from operations of ₹13,027 crore for Q3 FY2026, the quarter ended 31 December 2025, up 10.9% on the same quarter a year earlier. Profit after tax was ₹189 crore, down 80.2% on the year, and earnings per share ₹1.87. The figures are the company's own, from the un-audited results it filed with NSE on 30 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 13,027 | 11,686 | 11,751 | +10.9% |
| Other income | 10 | 22 | 26 | -63.9% |
| Total income | 13,036 | 11,708 | 11,777 | +10.7% |
| Cost of materials consumed | 6,656 | 5,287 | 4,652 | +43.1% |
| Purchases of stock-in-trade | 376 | 409 | 470 | -19.9% |
| Changes in inventories | -287 | -402 | 28 | n/a |
| Employee benefit expense | 303 | 321 | 309 | -1.7% |
| Finance costs | 406 | 371 | 313 | +29.9% |
| Depreciation, depletion and amortisation | 839 | 750 | 698 | +20.1% |
| Other expenses | 4,408 | 4,051 | 4,109 | +7.3% |
| Total expenses | 12,638 | 10,726 | 10,578 | +19.5% |
| Profit before exceptional items and tax | 398 | 982 | 1,199 | -66.8% |
| Exceptional items | -55 | 0 | 0 | n/a |
| Profit before tax | 344 | 982 | 1,199 | -71.4% |
| Current tax | 269 | 330 | 362 | -25.6% |
| Deferred tax | -119 | 17 | -113 | n/a |
| Total tax | 150 | 347 | 249 | -39.5% |
| Profit after tax | 189 | 635 | 951 | -80.2% |
| Attributable to owners of the parent | 190 | 638 | 950 | -80.0% |
| Other comprehensive income | -61 | -129 | -213 | n/a |
| Total comprehensive income | 128 | 506 | 738 | -82.6% |
| EPS, basic | ₹1.87 | ₹6.28 | ₹9.39 | -80.1% |
| EPS, diluted | ₹1.88 | ₹6.28 | ₹9.39 | -80.0% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,250 | 11,701 | 13,487 | 13,618 | 11,213 | 11,751 | 13,183 | 12,294 | 11,686 | 13,027 | 16,218 | 15,482 |
| Expenses | 10,898 | 9,810 | 12,358 | 11,793 | 10,035 | 10,578 | 11,945 | 10,307 | 10,726 | 12,638 | 14,583 | 14,296 |
| Operating profit | 2,286 | 2,843 | 2,444 | 2,839 | 2,200 | 2,184 | 2,271 | 3,006 | 2,081 | 1,634 | 2,939 | 2,660 |
| OPM % | 19% | 24% | 18% | 21% | 20% | 19% | 17% | 24% | 18% | 13% | 18% | 17% |
| Other income | 32 | 35 | 34 | 34 | 35 | 26 | 72 | 30 | 22 | 10 | 266 | 19 |
| Interest | 329 | 315 | 321 | 332 | 326 | 313 | 342 | 297 | 371 | 406 | 442 | 548 |
| Depreciation | 604 | 636 | 995 | 683 | 696 | 698 | 691 | 722 | 750 | 839 | 862 | 926 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | -1,229 | 0 | 0 | -55 | -817 | 0 |
| Profit before tax | 1,384 | 1,927 | 1,163 | 1,859 | 1,213 | 1,199 | 81 | 2,018 | 982 | 344 | 1,085 | 1,205 |
| Tax % | -0% | -0% | 20% | 28% | 29% | 21% | 464% | 26% | 35% | 44% | 3% | 30% |
| Net profit | 1,390 | 1,928 | 933 | 1,338 | 860 | 951 | -304 | 1,496 | 635 | 189 | 1,041 | 844 |
| EPS in ₹ | ₹13.81 | ₹19.21 | ₹9.34 | ₹13.31 | ₹8.49 | ₹9.39 | -₹3.35 | ₹14.73 | ₹6.28 | ₹1.87 | ₹10.27 | ₹8.30 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 30 January 2026: the result statement. All of Jindal Steel Ltd.'s results: NSE company page.
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