Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Q4 FY26 Earnings Presentation
28 slides from Jindal Steel's earnings presentation, May 2, 2026
Slide 1: Exchange filing cover letter
May 2, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 corp.re
Slide 2: Q4FY26 and FY26 Earnings Presentation
Jindal Steel Ltd. Jindal Jindal (erstwhile SteelSteel Ltd.& Power Ltd.) (erstwhile Jindal Steel & Power Ltd.) Q4FY26 and FY26 Earnings Presentation Q2FY26 Earnings Presentation 1st May 2026 28th October 2025
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward looking statements concerning steel sector, economy and Jindal Steel Limited future business prospects and profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from
Slide 4: Jindal Steel: Building the Nation of our Dreams
Jindal Steel: Building the Nation of our Dreams Corporate Highlights Value Add Focus Jharkhand • Achieved FY26 production and sales guidance in Chhattisgarh context of prevailing market conditions High Carbon Patratu Steel Introduction (Bar and Wire Rod Mill) • Raw materials security, iron ore, coki
Slide 5: Jindal Steel: Supporting India's Infrastructure
Jindal Steel: Supporting India’s Infrastructure Introduction Ratle Agra Mahatma Gandhi Chenab Bridge Hydroelectric Metro Rail Setu Power Project Reliance Refinery Dibang Expansion Project Hydroelectric Power Project Versova - Bandra Prayagraj Railway Sea Link Station Re- Development Bina Refinery Na
Slide 6: FY26 Performance Highlights
FY26 Performance Highlights Jindal Steel – Building the Nation of our Dreams Jindal Steel delivered a resilient performance in FY26, meeting the guidance with actual production of 9.25 MT and sales Introduction of 8.68 MT, completing the Angul expansion from 6.0 MTPA to 12.0 MTPA, and making measura
Slide 7: CY26 Global Demand Outlook
CY26 Global Demand Outlook World China India 1,780 2% 800 -7% -1% 0% 195 8% 9% 0% 7% Industry Update -2% 180 1,755 775 165 1,730 750 150 1,762 1,724 1,705 725 1,718 796 784 784 135 160 187 172 1,680 700 120 CY25 CY26E CY27E CY25 CY26E CY27E CY25 CY26E CY27E Steel Demand (MT) Demand Growth (YoY%) Ste
Slide 8: China Steel Industry
China Steel Industry Crude Steel Production Steel Demand (Apparent Steel Consumption) 1,100 8% 7% 7% 7% 1,100 -3% Industry Update -2% 1% 9% 8% 9% -3% -3% 1,000 0% 1,000 4% -3% -5% -3% -6% 900 1% -6% 900 -4% 800 -9% 800 700 804 808 871 929 995 1,065 1,035 1,018 1,029 1,000 950 761 767 794 866 936 101
Slide 9: India Steel Industry
India Steel Industry Crude Steel Production (MT) Finished Steel Consumption (MT) • Crude steel production rose 5% +11% +8% QoQ and 11% YoY in Q4FY26 to 44.7 MT; for FY26, production Industry Update 169.2 152.0 152.0 164.2 increased 11% YoY to 169.2 MT +11% +11% • Finished steel consumption +5% +10%
Slide 10: Steel Product and Raw Material Pricing
Steel Product and Raw Material Pricing Coking Coal: Premium HCC HRC: India domestic and Export FOB (CNF Australia origin) • HRC and TMT prices recovered HRC (INR/T) Q4FY25 Q3FY26 Q4FY26 Abs YoY Abs QoQ HCC (USD/T) Q4FY25 Q3FY26 Q4FY26 Abs YoY Abs QoQ strongly in Q4FY26 supported by Industry Update D
Slide 11: Production / Sales Volumes
Production / Sales Volumes Crude Steel Production (MT) Sales Volumes (MT) +14% +9% Operational Highlights 9.25 +26% 8.68 8.12 +23% 7.97 +6% +15% 2.51 2.65 2.62 2.11 2.13 2.28 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Domestic Sales Volumes (MT) Export Volumes (MT) / % of Total Sa
Slide 12: Q4FY26 Financial Performance
Q4FY26 Financial Performance Steel Production Steel Sales Gross Revenue (MT) (MT) (Rs. Cr) +26% +23% +25% +6% +15% +28% Financials 2.65 2.62 19,399 2.51 2.28 2.11 2.13 15,525 15,172 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Adjusted EBITDA* Adjusted EBITDA* / Tonne PAT (Rs. Cr)
Slide 13: FY26 Financial Performance
FY26 Financial Performance Steel Production Steel Sales Gross Revenue (MT) (MT) (Rs. Cr) +14% +9% +8% 9.25 Financials 8.68 62,412 58,044 7.97 8.12 FY25 FY26 FY25 FY26 FY25 FY26 Adjusted EBITDA* Adjusted EBITDA* / Tonne PAT (Rs. Cr) (Rs.) (Rs. Cr) -3% -11% +18% 11,712 3,361 9,339 9,099 10,482 2,846 F
Slide 14: FY26 Capital Structure and Leverage
FY26 Capital Structure and Leverage Capital Structure Net Debt and Cumulative Capex (Rs. Cr) 40,450 (Rs. Cr) Mar-24 Mar-25 Mar-26 35,918 30,876 Financials Long Term Debt 10,058 14,005 19,825 22,146 20,269 Short Term Debt 5,838 3,837 2,443 16,019 11,752 11,957 Total Debt 15,896 17,842 22,268 11,203 8
Slide 15: Q4FY26 Net Debt and EBITDA Bridge
Q4FY26 Net Debt and EBITDA Bridge Consolidated Net Debt Movement (Rs. Cr) 2,972 Financials 15,443 16,019 (1,727) (449) (220) As at 31st Dec’25 Long Term Debt Raised Change in C&CE Long Term Debt Repayment Short Term Loans As at 31st Mar’26 Consolidated Adjusted EBITDA* Movement (Rs. Cr) 247 2,647 92
Slide 16: FY26 Net Debt and EBITDA Bridge
FY26 Net Debt and EBITDA Bridge Consolidated Net Debt Movement (Rs. Cr) Financials 8,015 16,019 (3,524) (358) (71) 11,957 As at 31st Mar’25 Long Term Debt Raised Long Term Debt Repayment Change in C&CE Short Term Loans As at 31st Mar’26 Consolidated Adjusted EBITDA* Movement (Rs. Cr) 783 5 9,339 9,0
Slide 17: Angul Expansion
Angul Expansion Key facilities commissioned in FY26 Capital Allocation BF2 - 4.6 MTPA BOF2 - 3 MTPA BOF3 – 3 MTPA Commissioned in Sep’25 Commissioned in Sep’25 Commissioned in Mar’26 SBPP Coal Pipe Conveyor CRM Complex Both modules operationalised Commissioned in Q4FY26 Commissioned in FY26 © 2026 J
Slide 18: Capital Allocation Framework
Capital Allocation Framework Our Commitment Current Status Capital Allocation • Continue to invest in steel & ancillary business Scope & Area of (mines, power, ports) • Angul expansion plan mainly completed Operations • Green-tech primarily in India (organic and • DRI2 and Pellet Plant 2 under const
Slide 19: Integrated Infrastructure Development
Integrated Infrastructure Development Jindal Paradip Port Limited Slurry Pipeline Coal Pipe Conveyor • Commissioning and ramp up • Pipeline between Barbil and • Pipe conveyor between Utkal in a phased manner in FY27 Angul mines and Angul steel plant Capital Allocation • Capacity of 25 MTPA • Length
Slide 20: Sector Presence and Retail Focus
Sector Presence and Retail Focus Sector Sales Distribution TMT Sales Distribution Retail Branding 4,430 5,545 5,763 Product Range 12% 12% 11% 589 522 615 3% 2% 4% 31% 35% 34% Speed. Strength. Flexibility. 53% 54% 68% EST. 2013 14% 20% 21% Launched as a TMT Rebar brand, Jindal Panther has evolved int
Slide 21: Steel Products: Core and Specialty (1/2)
Steel Products: Core and Specialty (1/2) Hot Rolled Coils PPGL Coil Rockhard Plates Cold Rolled Coils Flat Products Product Range TMT Rebars Round Bars Wire Rods Rails Long Products Cathode Bars Fabricated Sections Track Shoes Hollow Section Specialty Products © 2026 Jindal Steel. All rights reserve
Slide 22: Steel Products: End Use Applications (2/2)
Steel Products: End Use Applications (2/2) Tank Body Application Defense Vehicle Tipper Body Floor Panel Product Range Galvanized Steel Coil Shipbuilding Plate Rockhard 500 grade © 2026 Jindal Steel. All rights reserved. © 2026 Jindal Steel. All rights reserved. Slide 21
Slide 23: AI Driven Transformation
AI Driven Transformation A comprehensive, layered approach to embed AI across people, processes and plants from workforce capability to autonomous operations AI and Digitization AIKSHAM – Saksham with AI JARVIS – Jindal AI for Real-time Visibility People & capability Layer. Enable employees for Inte
Slide 24: Digital Transformation
Digital Transformation Building an intelligent, connected and integrated steel enterprise AI and Digitization Plant Automation Smart Plant & Logistics Intelligent Functions Connected Workforce Automated Plant Operation Digital Twins & Autonomous Business Process Employee Experience & Transformation
Slide 25: ESG Achievements and Plan
ESG Achievements and Plan • First standalone FY25 GRI Sustainability Report with double materiality assessment FY26: • Risk assessments for climate, water, biodiversity, human rights and supply chain completed Disclosure Sustainability • FY25 BRSR, IR, TCFD, TNFD, UNGC, SBTi registration, CDP and Ec
Slide 26: Social Impact Across the Business
Social Impact Across the Business 1,686 30 1,321 units 17,592 13,459 Gram Elderly Individuals Lab Tests Blood Collected Patients Treated Panchayats Catered CSR 51,83,708 1,45,252 9,53,594 762 9,703 No. of Community Women and Children Provided With Clean Students Provided with Students Served Members
Slide 27: Awards & Accolades
Awards & Accolades • Zero Harm Safety Culture Award • CSR Journal • Energy Management System ISO 50001 – 2018 Excellence Award Certification • Golden Peacock CSR Awards Award • NAMC Gold Award 2025-26 • AIBCF CSR & Sustainability Award • Excellence in Stakeholder Engagement and Value • National CSR
Slide 28: Investor Relations Contact
Investor Relations Contact: ir@jindalsteel.in Corporate Office: Jindal Centre 12, Bhikaiji Cama Place, New Delhi Website – www.jindalsteel.in © 2026 Jindal Steel. All rights reserved.