Jindal Steel Share Price Rises 2%; Reports Strong H1FY26 Performance

Jindal Steel & Power Limited (JSPL) announced its financial results for the quarter and half-year ended September 30, 2025, reporting steady operational and strategic progress. 

In Q2FY26, the company produced 2.00 million tonnes (MT) of steel and sold 1.87 MT, while H1FY26 production and sales stood at 4.09 MT and 3.78 MT, respectively. Gross revenue for the quarter was ₹13,505 crore, bringing the half-year figure to ₹27,841 crore. 

Adjusted EBITDA for Q2FY26 came in at ₹1,875 crore, while H1FY26 EBITDA reached ₹4,859 crore. Profit after tax (PAT) stood at ₹635 crore for the quarter and ₹2,131 crore for the half-year.

Operational and Financial Highlights

During the quarter, consolidated net debt declined to ₹14,156 crore from ₹14,400 crore as of June 30, 2025. The company’s net debt-to-EBITDA ratio remained stable at 1.48x, indicating strong balance sheet management. 

Although production and sales volumes dipped slightly on a quarter-on-quarter basis, the share of exports rose to 10% from 7% in Q1FY26. The value-added steel (VAS) segment reached a record contribution of 73% of total sales, reflecting JSPL’s focus on higher-margin products.

Angul Expansion Milestones

A major highlight of the quarter was the commissioning of Bhagavati Subhadrika BF-II, India’s second-largest blast furnace, at the company’s Angul facility. With a rated capacity of 4.6 MTPA and a useful volume of 5,499 m³, the new furnace more than doubles the site’s hot-metal capacity from 4.25 MTPA to 8.85 MTPA. 

Additionally, the 3 MTPA Basic Oxygen Furnace (BOF-II) was commissioned, increasing Angul’s crude steel capacity from 6 MTPA to 9 MTPA. Consequently, Jindal Steel’s total steelmaking capacity now stands at 12.6 MTPA and is expected to reach 15.6 MTPA by the end of the financial year.

Jindal Steel Share Price Performance

On October 29, 2025, Jindal Steel share price (NSE: JINDALSTEL) opened at ₹1,063.00, down from its previous close of ₹1,073.50. At 9:41 AM, the share price of Jindal Steel was trading at ₹1,095.50, up by 2.05% on the NSE.

Also Read: Jindal India Unveils ₹1500 Crore Downstream Steel Plant!

Conclusion

Jindal Steel’s Q2FY26 results highlight consistent financial performance and significant capacity expansion progress at its Angul plant. With growing export share, strong value-added product mix, and efficient debt management, the company remains well-positioned to capitalise on the increasing demand for steel in both domestic and international markets.

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