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Jindal Steel & Power Ltd (JSPL) reported a 12% year-on-year rise in consolidated net profit to ₹1,496 crore for the June quarter of FY26. This comes despite a 9% drop in gross revenue to ₹14,336 crore.
The improvement in profitability was driven by stronger operational efficiency. Adjusted EBITDA rose to ₹2,984 crore from ₹2,831 crore a year earlier, while EBITDA per tonne of steel increased to ₹15,680 from ₹13,527, reflecting better cost control.
However, net debt grew to ₹14,400 crore as of June 30, up from ₹11,957 crore at the end of March, raising the net debt-to-EBITDA ratio to 1.49x from 1.26x.
During the quarter, JSPL invested ₹2,226 crore in capital expenditure, largely for capacity expansion at its Angul, Odisha plant. The company is set to commission a new blast furnace at the facility soon, enhancing production capacity.
The Q1 results underscore JSPL’s focus on profitability and expansion, even amid challenging revenue conditions.
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