Archive · 24 Jul 2026
Jindal Steel Q1 Profit Drops to ₹843.80 Crore
Jindal Steel reported a decrease in its net profit for the first quarter of the fiscal year 2027.
The company made ₹843.80 crore, which is less than the previous quarter and the same quarter last year.
The revenue also saw a decline compared to the last quarter but was higher than the same quarter last year.
The company announced new leadership appointments, including a new Managing Director and Chief Financial Officer.
The financial results are based on unaudited data and do not constitute investment advice.
Jindal Steel's Q1 FY27 net profit fell to ₹843.80 crore from ₹1,041.24 crore in Q4 FY26 and ₹1,495.97 crore in Q1 FY26.
Consolidated revenue for Q1 FY27 was ₹15,482.13 crore, down from ₹16,217.93 crore in Q4 FY26 but up from ₹12,294.48 crore in Q1 FY26.
Total consolidated income for Q1 FY27 was ₹15,501.32 crore, compared to ₹16,484.28 crore in Q4 FY26 and ₹12,324.88 crore in Q1 FY26.
Vidya Rattan Sharma was appointed as Managing Director, and Sandeep Modi as Chief Financial Officer, effective 24 July 2026.
S S Kothari Mehta & Co. LLP was appointed as statutory auditors for a five-year term, subject to shareholder approval.
- Who
- Jindal Steel and its management
- What
- Reported a decline in Q1 FY27 net profit and announced key leadership appointments
- When
- For the quarter ended 30 June 2026
- Where
- Mumbai, India
- Why
- Due to changes in financial performance and strategic leadership changes
Management Changes
Financial Performance
Leadership Appointments
Management Changes
The company announced several key leadership appointments, including Vidya Rattan Sharma as Managing Director and Sandeep Modi as Chief Financial Officer.
Financial Performance
The financial performance showed a decline in net profit and revenue compared to previous quarters.
- Q1 FY27 Net Profit
- ₹843.80 crore
- Q4 FY26 Net Profit
- ₹1,041.24 crore
- Q1 FY26 Net Profit
- ₹1,495.97 crore
- Q1 FY27 Revenue
- ₹15,482.13 crore
- Q4 FY26 Revenue
- ₹16,217.93 crore
- Q1 FY26 Revenue
- ₹12,294.48 crore
- New Managing Director
- Vidya Rattan Sharma
- New Chief Financial Officer
- Sandeep Modi