Jindal Steel and Power Limited (JSPL) is among the largest producers of steel in India. The company also has a strong presence in the power, mining and infrastructure sectors. Part of the diversified OP Jindal Group, the company has manufacturing units in Chhattisgarh's Raigarh, Angul in Odisha and Patratu in Jharkhand.
Jindal Steel’s product range covers a spectrum of steel applications, from precision tubes and wire rods to special alloy steels. The integrated operations in India comprise capacities of 10.42 MTPA for iron-making, 9.0 MTPA for pellets, 9.6 MTPA for liquid steel and 6.65 MTPA for finished steel.
The product portfolio includes TMT bars, plate coils, parallel flanges, beams columns, rails angles channels, wire rods, fabricated sections and other steel products.
Jindal Steel exports its diversified product portfolio to over 22 countries. Its investment commitments in steel, power, oil & gas and mining have touched more than $30 billion.
The company's thermal power generation capacity is 1634 megawatts at its Raigarh and Angul plants.
In addition to steel manufacturing, the company’s international operations include coking coal mining in Australia, anthracite coal mining assets in South Africa and thermal/coking coal mining assets in Mozambique
Jindal Steel acquired an under-construction 1,050 MW thermal power plant in FY23. In addition, the company also plans to establish a hot strip mill with a capacity of 5.5 MTPA, slated for commissioning in FY24.
A cold rolling mill (CRM) complex and transformation of a substantial part of the offerings from long products to flat products are also on the cards. The expanded portfolio will encompass automotive steel and high-tensile steel, diversifying its product range.
During FY23, the company's standalone production decreased by 1% Y-o-Y (7.89 MT vs 8.01 MT in FY22). However, standalone steel sales reached the highest-ever level of 7.68 MT (up by 1% year-on-year).
Despite turbulent export markets with the backdrop of the Russia-Ukraine conflict, the company's sales efforts resulted in export volumes of 1 MT. The export share declined to 13% in FY23 compared to 33% in FY22.
Improved steel realisations and higher sales resulted in 8% Y-o-Y growth in gross revenue to ₹59,470 crore.
The pellet production of 7.57 MT in FY23 fell 2% Y-o-Y. Higher captive consumption and export duty imposition resulted in a 69% fall in pellet external sales (0.23 MT vs 0.75 MT in FY22).
Jindal Steel & Power Ltd's market capitalisation stands at over ₹74,300 crore as of December 26, 2023. Jindal Steel share price has surged over 181% in the last three years.
Jindal Steel & Power Financial Highlights
- Revenue: Jindal Steel & Power reported revenue of ₹53,553.14 crore in FY26 vs ₹49,932.48 crore in FY25. It showed an increase of 7.25% on a yearly basis.
- Operating Profit: Jindal Steel & Power reported an operating profit of ₹4,413.15 crore in FY26 vs ₹4,343.55 crore in FY25. It showed an increase of 1.60% on a year-on-year basis.
- Net Profit: Jindal Steel & Power reported a net profit of ₹3,360.87 crore in FY26 vs ₹2,845.68 crore in FY25. It showed an increase of 18.10% on a yearly basis.
Jindal Steel & Power Quarterly Result Highlights
- Jindal Steel & Power reported revenue of ₹15,501.32 crore in Jun 2026, compared with ₹16,484.28 crore in Mar 2026, representing a decrease of 5.96% on a quarter-on-quarter (QoQ) basis.
- Jindal Steel & Power reported an operating profit of ₹1,204.58 crore in Jun 2026, compared with ₹1,074.15 crore in Mar 2026, representing an increase of 12.14% on a quarter-on-quarter (QoQ) basis.
- Jindal Steel & Power reported a profit of ₹843.80 crore in Jun 2026, compared with ₹1,041.24 crore in Mar 2026, reflecting a decrease of 18.96% on a QoQ basis.
- The earnings per share (EPS) of Jindal Steel & Power stood at ₹33.12 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
