Jindal Steel & Power Faces Q4 Headwinds, Announces ₹2 Dividend to Keep Spirits High

Jindal Steel & Power Ltd (JSPL) posted a consolidated net loss of ₹3.39 billion in the March 2025 fourth quarter, a sharp reversal of the year-earlier profit in the same quarter. The loss is due to the company incuring one-off impairment expenses on its Australian and Madagascan mining assets, and sustained pressure from the softness in steel prices and rising competition due to reduced imports.

 

Total operating income during the quarter was ₹131.83 billion, 2.3% lower than the corresponding quarter last year. Expenditure fell 3.3% to ₹119.45 billion, helped by declining raw material prices. While these cost savings were insufficient to offset the impact of impairment provisions and declining demand in the domestic market on the bottomline,.

 

JSPL's board has recommended a final dividend of ₹2 per share for the year 2024-25, in line with its dividend payouts over the past few years. The ex-dividend date is August 22, 2025.

 

The findings point to the tough environment for Indian steelmakers, who are facing increasing imports-led primarily by China, South Korea, and Japan-along with persistent capacity issues. Analysts add that although JSPL's cost controls and operating efficiencies offer some protection, the industry outlook is in question in the face of headwinds at the global front.

 

Source: Reuters