Revenue declined 8% sequentially due to maintenance shutdowns, but EBITDA per tonne improved on a richer product mix and higher ASP. Cost-saving initiatives, including the slurry pipeline, are expected to further enhance margins, with a focus on value-added products and disciplined capital allocati…
Leadership transition and a strong management team are driving a renewed focus on capacity utilization, cost reduction, and value-added products. Despite an 8% sequential revenue decline due to maintenance shutdowns, EBITDA per ton improved, and the company maintains its FY27 sales guidance and cos…
Q1 FY27 saw consolidated revenue of ₹17,834 Cr and adjusted EBITDA of ₹2,667 Cr, with PAT at ₹844 Cr. Senior management changes and a new statutory auditor were announced. Despite lower volumes due to maintenance, EBITDA remained strong, and Net Debt/EBITDA was 1.71x.Original document: Jindal Steel…
Nomura has reiterated its 'Buy' ratings on Tata Steel, JSW Steel, Jindal Steel and Power, and Lloyds Metals & Energy, saying India's steel makers are poised for stronger first-quarter earnings even as domestic rebar prices continue to weaken.The brokerage expects Tata Steel, JSW Steel, Jindal Steel…
