Jindal Steel Q1 Results: Big decline of 44% in profit, market will keep an eye on the stock on Monday.

Business Desk – Jindal Steel Q1 Results: Jindal Steel, the flagship steel company of Jindal Group, has released the results for the first quarter (Q1) of the financial year 2026-27. This quarter was weak for the company in terms of profits. Due to the maintenance shutdown, production and sales were affected, which directly impacted the company’s net profit. However, it is a matter of relief that the company’s revenue grew with a strong growth. Now after these results, when the stock market opens on Monday, July 27, investors will keep a special eye on the company’s shares.

Before the release of results on Friday, Jindal Steel shares closed at Rs 1,035.95 with a decline of 0.40 per cent on BSE amid a weak market. In such a situation, now it has to be seen how the market reacts to the quarterly results.

Profit decreased by 44 percent, but revenue increased by 26 percent.

Jindal Steel’s consolidated net profit declined by 43.6 per cent year-on-year to Rs 844 crore in the June quarter. This is considered to be a big decline compared to the same quarter last year.

On the contrary, a strong growth was recorded in the company’s total revenue. Revenue increased by 25.9 percent to Rs 15,482 crore in the June quarter. That means earnings from sales increased, but production disruptions and cost pressures affected profits.

EBITDA and margin also weakened

Talking about operating performance, the company’s EBITDA declined by 11.5 percent to Rs 2,660.4 crore. At the same time, EBITDA margin also declined to 17.18 percent from 24.43 percent last year. It is clear from this that the operating profitability of the company also remained under pressure.

Maintenance shutdown had a direct impact

The company said that maintenance shutdown was done in some major production units in the June quarter. Due to this, both steel production and sales were affected.

In the June 2026 quarter, the company’s steel production declined by 10 percent on a quarterly basis to 24 lakh tonnes. At the same time, steel sales fell by 15 percent to 22.3 lakh tonnes.

However, during this period the company increased its focus on Value Added Steel (VAS). The share of VAS in total sales increased from 61 percent to 66 percent. At the same time, the share of exports also increased from 5 percent to 9 percent, which is considered a positive sign for the company.

Debt decreased, but leverage increased slightly

Jindal Steel also reduced its debt marginally during the quarter. The consolidated net debt of the company decreased from Rs 16,019 crore to Rs 15,927 crore. However, due to decline in EBITDA, the net debt to EBITDA ratio increased to 1.71x from 1.66x in the previous quarter. During this period, the company continued to invest on expansion plans and made capital expenditure (Capex) of Rs 1,959 crore in the June quarter.

How has the stock moved in a year?

Jindal Steel shares have seen a good rise in the last one year. On August 1, 2025, the company’s shares were at a one-year low of Rs 942.65 on BSE. After this, the stock made a strong recovery in the next eight months and reached a one-year high of Rs 1,306 on April 21, 2026. However, after this some profit booking was seen in the stock and it closed at Rs 1,035.95 on Friday.

Why will the stock be monitored on Monday?

In the quarterly results, on the one hand, there has been a decline of about 44 percent in profit and decline in production and sales, while on the other hand, positive signs like 26 percent increase in revenue, increase in the share of value added steel, improvement in exports and reduction in debt have also emerged.

In such a situation, when the market opens on Monday, July 27, investors will keep an eye on how the market takes these mixed results and what kind of movement is seen in the shares of Jindal Steel.