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Jindal Steel Limited (JSL) has reported a 26% year-on-year decline in its consolidated net profit for the second quarter (Q2) of FY 2025-26, primarily due to weaker steel prices and higher input costs.
According to a company filing, JSL’s net profit fell to INR 1,120 crore, compared to INR 1,515 crore in the same quarter last year. However, the company’s revenue from operations rose marginally by 3% to INR 14,780 crore, supported by steady domestic demand and higher export volumes.
The company cited rising coking coal prices, lower global realizations, and continued pressure on margins as key factors behind the profit decline.
Despite the short-term challenges, Jindal Steel reaffirmed its focus on cost optimization, operational efficiency, and value-added product expansion, aligning with India’s broader 300 MTPA steel capacity vision.
Industry analysts said the performance reflects a sector-wide trend of margin compression due to raw material cost volatility, even as demand remains robust.
JSL remains optimistic about H2 recovery, driven by infrastructure spending, auto demand, and improving export sentiment.
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