Jindal Steel & Power Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jindal Steel & Power reported Q4 production of 2.11 MT (+6% QoQ) and sales of 2.13 MT (+12% QoQ). Consolidated revenue rose 13% QoQ to ₹15,525 Cr, with adjusted EBITDA at ₹2,482 Cr and PAT at ₹1,099 Cr (+16% QoQ). FY25 saw 8.12 MT production and ₹58,044 Cr revenue, with net debt/EBITDA improving to 1.26x.

Mining gains include Utkal B1 coal mine approval and new coal block awards. Capex in Q4 was ₹2,312 Cr; major expansions like Angul blast furnace 2 are on track. Acquired Allied Strips to boost value-added products. FY26 guidance targets 9–10 MT crude steel and supporting lower coking coal costs. Australian assets faced ₹1,229 Cr impairment; options under review. Pellet production rose to ~2.5 MT. Management highlights focus on ramp-up, cost control, and maintaining net debt/EBITDA below 1.5x. Sentiment is confident on operational and financial discipline.