India’s Jindal Steel Limited (JSL), formerly Jindal Steel and Power Limited, has reported a net profit of INR 1,885.00 million ($20.55 million) during the third quarter (October-December) of the fiscal year 2025-26, a decline of 80 percent year on year, according to a company regulatory filing on Monday, February 2.
The company reported a revenue growth of 10.9 percent to INR 130.260 billion ($1.42 billion).
The company said that despite revenue growth profitability came under pressure from elevated operational costs.
The company forecast that it would close the current fiscal year with steel sales in the range of 8.5-9 million mt.