Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jindal Steel Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 13,692 | 12,588 | 12,250 | 11,701 | 13,487 | 13,618 | 11,213 | 11,751 | 13,183 | 12,294 | 11,686 | 13,027 | 16,218 |
| Expenses + | 11,505 | 9,960 | 9,965 | 8,859 | 11,042 | 10,779 | 9,013 | 9,567 | 10,922 | 9,289 | 9,605 | 11,398 | 13,289 |
| Operating Profit | 2,187 | 2,628 | 2,285 | 2,843 | 2,444 | 2,839 | 2,200 | 2,184 | 2,262 | 3,006 | 2,081 | 1,629 | 2,929 |
| OPM % | 16% | 21% | 19% | 24% | 18% | 21% | 20% | 19% | 17% | 24% | 18% | 13% | 18% |
| Other Income + | -138 | 55 | 32 | 35 | 35 | 34 | 35 | 26 | -1,158 | 30 | 22 | -45 | -550 |
| Interest | 371 | 329 | 329 | 315 | 321 | 332 | 326 | 313 | 342 | 297 | 371 | 406 | 442 |
| Depreciation | 873 | 588 | 604 | 636 | 995 | 683 | 696 | 698 | 691 | 722 | 750 | 839 | 862 |
| Profit before tax | 805 | 1,767 | 1,384 | 1,927 | 1,164 | 1,859 | 1,213 | 1,199 | 72 | 2,018 | 982 | 339 | 1,074 |
| Tax % | 42% | 4% | -0% | -0% | 20% | 28% | 29% | 21% | 523% | 26% | 35% | 44% | 3% |
| Net Profit + | 466 | 1,692 | 1,390 | 1,928 | 933 | 1,338 | 860 | 951 | -304 | 1,496 | 635 | 189 | 1,041 |
| EPS in Rs | 4.53 | 16.54 | 13.60 | 18.90 | 9.17 | 13.14 | 8.44 | 9.32 | -3.33 | 14.65 | 6.26 | 1.87 | 10.24 |
Financials of Jindal Steel Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 19,359 | 19,469 | 21,603 | 33,286 | 46,966 | 37,923 | 34,579 | 51,166 | 53,212 | 50,354 | 50,129 | 53,225 |
| Expenses + | 13,919 | 16,032 | 16,894 | 26,817 | 38,553 | 31,092 | 21,472 | 35,650 | 43,270 | 40,153 | 40,640 | 43,581 |
| Operating Profit | 5,440 | 3,437 | 4,709 | 6,469 | 8,412 | 6,831 | 13,107 | 15,515 | 9,942 | 10,202 | 9,488 | 9,644 |
| OPM % | 28% | 18% | 22% | 19% | 18% | 18% | 38% | 30% | 19% | 20% | 19% | 18% |
| Other Income + | -1,644 | -79 | -362 | -584 | -1,470 | 74 | -1,861 | -1,840 | -539 | 156 | -1,065 | -543 |
| Interest | 2,606 | 3,254 | 3,441 | 3,866 | 4,264 | 3,768 | 2,753 | 1,888 | 1,446 | 1,294 | 1,312 | 1,517 |
| Depreciation | 2,733 | 4,068 | 3,949 | 3,883 | 5,480 | 3,429 | 2,414 | 2,097 | 2,691 | 2,822 | 2,768 | 3,171 |
| Profit before tax | -1,543 | -3,964 | -3,043 | -1,864 | -2,802 | -291 | 6,078 | 9,690 | 5,266 | 6,241 | 4,344 | 4,413 |
| Tax % | -6% | -22% | -17% | -13% | -14% | 37% | 30% | 30% | 25% | 5% | 34% | 24% |
| Net Profit + | -1,452 | -3,087 | -2,538 | -1,616 | -2,412 | -400 | 4,267 | 6,766 | 3,974 | 5,943 | 2,846 | 3,361 |
| EPS in Rs | -13.97 | -32.42 | -24.93 | -14.56 | -17.00 | -1.07 | 35.62 | 56.40 | 31.11 | 58.21 | 27.57 | 33.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 6% | 3% | 7% | 6% |
Financials of Jindal Steel Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91 | 91 | 92 | 97 | 97 | 102 | 102 | 101 | 100 | 100 | 101 | 102 |
| Reserves | 20,951 | 32,345 | 29,959 | 30,288 | 31,988 | 32,035 | 31,713 | 35,524 | 38,606 | 44,216 | 47,084 | 50,797 |
| Borrowings + | 42,466 | 46,797 | 45,850 | 42,962 | 39,559 | 36,824 | 29,910 | 13,502 | 13,046 | 16,472 | 18,406 | 22,610 |
| Other Liabilities + | 12,028 | 13,166 | 14,674 | 15,884 | 17,357 | 20,780 | 16,116 | 27,517 | 17,674 | 17,888 | 20,175 | 24,253 |
| Total Liabilities | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 97,762 |
| Fixed Assets + | 46,643 | 65,038 | 65,932 | 68,450 | 69,039 | 69,382 | 54,350 | 45,488 | 43,542 | 48,384 | 48,989 | 65,209 |
| CWIP | 9,068 | 11,827 | 9,716 | 4,978 | 4,027 | 3,126 | 1,712 | 2,538 | 7,870 | 9,611 | 16,725 | 7,265 |
| Investments | 1,785 | 392 | 368 | 146 | 150 | 181 | 1,156 | 470 | 907 | 819 | 2,201 | 3,168 |
| Other Assets + | 18,040 | 15,142 | 14,559 | 15,657 | 15,784 | 17,054 | 20,624 | 28,147 | 17,108 | 19,862 | 17,851 | 22,120 |
| Total Assets | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 97,762 |
Financials of Jindal Steel Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,182 | 4,333 | 6,850 | 7,724 | 9,027 | 8,814 | 11,961 | 16,048 | 7,347 | 6,008 | 10,824 | 7,204 |
| Cash from Investing Activity + | -6,717 | -2,262 | -1,998 | -1,431 | -832 | -1,476 | -1,884 | -2,331 | -4,090 | -8,344 | -12,323 | -10,734 |
| Cash from Financing Activity + | 5,708 | -2,672 | -5,108 | -6,276 | -8,261 | -7,016 | -4,612 | -15,120 | -2,500 | 1,381 | 809 | 2,803 |
| Net Cash Flow | 173 | -601 | -256 | 17 | -67 | 322 | 5,465 | -1,403 | 757 | -955 | -689 | -727 |
| Free Cash Flow | -3,868 | 480 | 4,496 | 6,103 | 7,837 | 7,308 | 11,124 | 13,176 | 945 | -2,418 | 334 | -2,343 |
| CFO/OP | 28% | 127% | 144% | 120% | 107% | 128% | 91% | 116% | 101% | 66% | 130% | 89% |
Financials of Jindal Steel Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 27 | 29 | 20 | 24 | 34 | 30 | 9 | 7 | 12 | 10 | 12 |
| Inventory Days | 323 | 181 | 185 | 191 | 146 | 207 | 196 | 130 | 87 | 117 | 87 | 115 |
| Days Payable | 137 | 129 | 150 | 162 | 117 | 181 | 133 | 94 | 69 | 78 | 88 | 126 |
| Cash Conversion Cycle | 218 | 79 | 64 | 50 | 53 | 60 | 92 | 45 | 24 | 52 | 8 | 1 |
| Working Capital Days | 87 | -83 | -141 | -62 | -58 | -79 | -65 | -1 | -38 | -21 | -35 | 3 |
| ROCE % | 5% | -1% | 1% | 3% | 4% | 5% | 17% | 24% | 14% | 13% | 11% | 10% |