Jindal Steel Posts ₹116.86 Billion Revenue in Q2; Gautam Malhotra Appointed CEO

Main Story:
Jindal Steel Ltd has released its financial results for the quarter ended September 2025, reporting consolidated revenue from operations of ₹116.86 billion, a 4.2% year-on-year increase, and net profit of ₹6.38 billion, down 25.8% from the same period last year. The company attributed the profit decline to margin compression and higher input costs, though EBITDA remained strong at ₹2,080.5 crore, with a margin of 17.8%.

In a significant leadership update, the board has approved the appointment of Gautam Malhotra as Chief Executive Officer, effective October 28, 2025. Malhotra’s elevation follows his tenure in strategic roles within the group and is expected to drive the next phase of growth, especially in capacity expansion and export diversification.

The company also commissioned India’s second-largest blast furnace at its Angul plant, boosting total steelmaking capacity to 12.6 MTPA, and reduced consolidated net debt to ₹14,156 crore.

Key Highlights:

• Q2 Revenue: ₹116.86 billion, up 4.2% YoY
• Q2 Net Profit: ₹6.38 billion, down 25.8% YoY
• EBITDA Margin: 17.8%, near estimates
• Leadership Change: Gautam Malhotra appointed CEO
• Operational Milestone: Commissioned second-largest blast furnace at Angul
• Debt Position: Net debt reduced to ₹14,156 crore

Jindal Steel’s results reflect resilience amid cost pressures and signal strategic intent through leadership renewal and capacity expansion.

Sources: CNBC TV18, ScanX News, InvestyWise