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He will cease to be in the company's services with effect from the close of business hours on 15 July 2026.
The company disclosed the development in a regulatory filing, stating that Malhotra's cessation from the post is on account of his resignation.
The company did not disclose the reason for his resignation or announce his successor.
Jindal Steel and Power is the flagship company of the Jindal Group, which has a significant presence in the steel, power, mining, and infrastructure sectors.
The company reported a consolidated net profit of Rs 1,044.75 crore in Q4 FY26, compared with a net loss of Rs 339.40 crore in Q4 FY25. Revenue from operations rose 23% year-on-year (YoY) to Rs 16,217.93 crore during the quarter.
Jindal Steel Ltd fell 1.49% today to trade at Rs 1043.1. The BSE Metal index is down 0.58% to quote at 40672.56. The index is down 5.88 % over last one month. Among the other constituents of the index, JSW Steel Ltd decreased 1.33% and Steel Authority of India Ltd lost 1.27% on the day. The BSE Metal index went up 28.45 % over last one year compared to the 5.97% fall in benchmark SENSEX.
Jindal Steel Ltd has lost 11.7% over last one month compared to 5.88% fall in BSE Metal index and 5.68% rise in the SENSEX. On the BSE, 5736 shares were traded in the counter so far compared with average daily volumes of 68034 shares in the past one month. The stock hit a record high of Rs 1306 on 21 Apr 2026. The stock hit a 52-week low of Rs 926.8 on 14 Jul 2025.
Jindal Steel Ltd fell 2.47% today to trade at Rs 1033.5. The BSE Metal index is down 0.71% to quote at 39912.95. The index is down 9.59 % over last one month. Among the other constituents of the index, Steel Authority of India Ltd decreased 1.47% and Lloyds Metals & Energy Ltd lost 1.15% on the day. The BSE Metal index went up 25.55 % over last one year compared to the 8.55% fall in benchmark SENSEX.
Jindal Steel Ltd has lost 14.57% over last one month compared to 9.59% fall in BSE Metal index and 3.07% rise in the SENSEX. On the BSE, 3711 shares were traded in the counter so far compared with average daily volumes of 59741 shares in the past one month. The stock hit a record high of Rs 1306 on 21 Apr 2026. The stock hit a 52-week low of Rs 926.8 on 14 Jul 2025.
Long term bank facilities - CARE AA+; Stable (upgraded) Short term bank facilities - CARE A1+ (reaffirmed) Proposed Non convertible debentures issue - CARE AA+; Stable (upgraded)
Jindal Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 1130.9, down 1.65% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 23396.85. The Sensex is at 74514.44, up 0.81%.Jindal Steel Ltd has eased around 8.21% in last one month.Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has eased around 0.59% in last one month and is currently quoting at 12987.1, down 1.06% on the day. The volume in the stock stood at 8.67 lakh shares today, compared to the daily average of 9.66 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1137.2, down 1.8% on the day. Jindal Steel Ltd jumped 18.41% in last one year as compared to a 6.94% slide in NIFTY and a 35.32% spurt in the Nifty Metal index.
The PE of the stock is 28.18 based on TTM earnings ending March 26.
Jindal Steel Ltd is down for a fifth straight session today. The stock is quoting at Rs 1203.2, down 1.63% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 23643.4. The Sensex is at 75121.38, down 0.26%.Jindal Steel Ltd has lost around 5.9% in last one month.Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has increased around 2.42% in last one month and is currently quoting at 13186.5, up 0.13% on the day. The volume in the stock stood at 6.16 lakh shares today, compared to the daily average of 12.83 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1206.1, down 1.7% on the day. Jindal Steel Ltd jumped 25.34% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
The PE of the stock is 29.95 based on TTM earnings ending March 26.
For the full year,net profit rose 19.74% to Rs 3367.38 crore in the year ended March 2026 as against Rs 2812.13 crore during the previous year ended March 2025. Sales rose 6.95% to Rs 53224.92 crore in the year ended March 2026 as against Rs 49764.97 crore during the previous year ended March 2025.
Net sales increased by 23% year-on-year (YoY) to Rs 16,217.93 crore during the period under review.
Production and sales for the quarter were 2.65 MT (up 25.6% YoY) and 2.62 MT (up 23% YoY), respectively.
Total operating expenditure rose by 16.1% to Rs 14,106.05 crore in Q4 FY26 over Q4 FY25.
Adjusted EBITDA for the March 2026 quarter was Rs 2,647 Cr, up 66% QoQ.
The company posted a pre-tax profit of Rs 1074.15 crore in Q4 FY26, which is significantly higher as compared with the PBT of Rs 71.81 crore recorded in Q4 FY25.
For FY26, the bank has posted net profit and total income of Rs 3367.38 crore (up 19.7% YoY) and Rs 53,224.92 crore (up 7% YoY), respectively.
Consolidated NET DEBT was Rs 16,019 crore as at 31 March 2026 as compared with Rs 15,443 crore as at 31 December 2025.
Net Debt/EBITDA decreased to 1.66x as at 31 March 2026 compared with 1.72x as at 31 December 2025. The total capex for the quarter was Rs 2,573 crore.
During the year, the company stated that it has commissioned the 4.6 MTPA Blast furnace - Bhagavati Subhadrika, 3.0 MTPA BOF2 and 3.0 MTPA BOF3, increasing its crude steel capacity to 15.6 MTPA. The ramp up of these facilities is progressing steadily.
The company also operationalized both modules of SBPP (2 X 525 MW), a 1.2 MTPA CRM complex and a coal pipe conveyor belt. Jindal Steel has been declared the preferred bidder for the Thakurani – A1 iron ore block, further strengthening its iron ore security.
Jindal Steel and Power is the flagship company of Jindal Group, an industrial powerhouse which has a strong presence in the steel, power, mining, and infrastructure sectors globally.
The scrip shed 0.40% to end at Rs 1223.85 on the BSE on Friday.