Full Name

Ticker Symbol (NSE)

Sector

Industry

Jindal Steel & Power Ltd.

JINDALSTEL

Basic Materials

Steel

Earnings Call Date

Net Income

EPS Estimate

EPS Actual

EPS Surprise (%)

2026-01-28

Data Not Provided

Data Not Provided

Data Not Provided

Data Not Provided

2025-01-30

Data Not Provided

9.95

9.39

-5.63

Fiscal Date

Quarter

Year

Total Revenue (INR)

2024-03-31

Q4

2024

134,869,600,000

2023-03-31

Q4

2023

345,946,800,000

Metric

Q4 2024 (Mar 31, 2024)

Q3 2024 (Dec 31, 2023)

Observation

Sales

134,869,600,000 INR

117,013,200,000 INR

Increase of ~17.9 billion INR

Cost of Goods

61,902,600,000 INR

44,868,800,000 INR

Increase of ~17.0 billion INR

Gross Profit

72,967,000,000 INR

72,144,400,000 INR

Nearly flat margins

Other Operating Expenses

44,910,500,000 INR

40,465,100,000 INR

Increase of ~4.45 billion INR

Operating Income

14,495,900,000 INR

22,068,900,000 INR

Decline despite higher sales

Non-Operating Interest Expense

3,206,200,000 INR

3,151,400,000 INR

Marginal increase

Net Income

9,334,600,000 INR

19,279,900,000 INR

Significant decline in net income observed

Fiscal Date

Gross Margin (%)

Operating Margin (%)

Net Margin (%)

2024-03-31

54.1

10.8

6.9

2023-12-31

61.7

18.9

16.5

2023-06-30

57.9

16.2

13.4

Fiscal Date

Gross Margin (%)

Operating Margin (%)

Net Margin (%)

2024-03-31

56.7

14.8

11.9

Parameter

Value

Remarks

Average Annual Revenue Growth (3 yrs)

18% (p.a.)

Based on Simply Wall St forecast source

Industry Benchmark

13% (p.a.)

Metals & Mining industry forecast in India

Parameter

Value

Remarks

Last Quarter EPS (reported)

₹9.40

TradingView

Next Quarter EPS (forecast)

₹10.21

Reflects an upward revision from the last quarter

Assumption Category

Description

Market Growth

Assumes robust domestic demand driven by sectors such as automobile, construction, oil & gas, and infrastructure. Moneycontrol

Capacity Expansion

Significant capex spending of INR75-100 billion per annum is expected; includes commissioning new assets (e.g., 6mt HSM) Moneycontrol

Raw Material Integration

Focus on captive coal mining for improved cost management. Moneycontrol

Cost Management

Enhanced operational efficiencies and cost control, including optimized capex and a net debt-to-EBITDA ratio around 0.9x. Moneycontrol

Growth Driver

Description

Capacity Expansion

Increase in crude steel capacity by over 65% to 15.9mt by FY26, with flat steel production expansion. Moneycontrol

Product Enrichment

Strategic shift towards high-margin segments such as CPP and high-value added VAP products. Moneycontrol

Raw Material Integration

Enhanced captive coal mining reducing input costs. Moneycontrol

Operational Efficiency

Fast commissioning of assets and improved cost management measures. Moneycontrol

Business Segment

Revenue Growth

Contribution/Note

Steel Production

+30%

Reflects effective cost management and increased production volumes. DCF Modeling

Power Generation

+15%

Moderate improvement, with stable demand. DCF Modeling

Infrastructure Projects

Nearly 100% (Doubled)

Outperformed expectations, driven by strong market demand. DCF Modeling

International Operations

Contributed ~22%

Strategic push towards global markets, diversifying revenue streams. DCF Modeling

Business Segment

Profitability Insights

Performance

Steel Production

Maintained above-industry gross margins; net margins under pressure due to supply issues.

Mixed – strong gross, weak net margins

Power Generation

Stable operating margins but no significant growth beyond expectations.

Moderate

Infrastructure Projects

Exceptional revenue growth with indications of effective cost control.

Outperformed

International Operations

Contributed to diversification; profitability not detailed but meets strategic goals.

On Target

Analysis Aspect

Details

Regions Contributing to Growth

Data not provided

Future Expansion Targets

Data not provided

Regions for Contraction

Data not provided

Parameter

Value

Open Price (INR)

909.00

High Price (INR)

933.80

Low Price (INR)

900.60

Close Price (INR)

905.30

Previous Close (INR)

908.95

Price Change (INR)

-3.65

Percent Change

-0.40%

Volume

3,072,667

Metric

Details

Source

Analyst Ratings

No explicit updates provided

MarketScreener; Moneycontrol

Price Target Revision

New price targets not documented

TipRanks

Metric

Jindal Steel & Power Ltd (JSPL)

Tata Steel (Approx.)

SAIL

JSW

Operating Revenue (approx.)

~$7.1B

~$27.0B (3.81× JSPL)

Not provided

Not provided

Net Profit (TTM)

~$4.09B*

Not available

Not available

Not available

Net Profit Margin (TTM)

8.2%

Not available

Not available

Not available

Operating Revenue Growth (TTM)

-0.3%

Not available

Not available

Not available

Net Profit Growth (TTM)

-25.2%

Not available

Not available

Not available

Ratio

JSPL

Tata Steel

SAIL

JSW

Price-to-Earnings (P/E)

Data not available

Data not available

Data not available

Data not available

Debt-to-Equity Ratio

Data not available

Data not available

Data not available

Data not available

Trend

Description

Impact on Industry and Peers

Cyclical Demand & Capacity Expansion

Cyclical nature driven by infrastructure investments affecting revenue and margins.

Requires strategic capacity management

Raw Material Price Volatility

Fluctuations in input costs (iron ore, coal) exert pressure on profitability.

Can adversely affect profit margins

Regulatory & Trade Policies

Trade policies, tariffs, and environmental regulations impact competitiveness and market access.

Alters competitive dynamics

Technological Advancements

Innovations and automation improve operational efficiency and reduce costs over time.

Positively impacts cost structure

Risk Factor

Details

Mitigation Strategies

Economic Downturn / Market Conditions

Cyclical demand fluctuations and economic slowdowns could reduce steel demand.

Diversification into domestic and international markets to smooth cyclical effects.

Supply Chain Disruptions

Disruptions in logistics and project execution impacting production and delivery schedules.

Investment in advanced manufacturing, enhanced project management, and optimized logistics (port & railway improvements).

Regulatory Changes

Potential impacts from shifting policies on import tariffs, environmental norms, etc.

Flexible operational adjustments and strategic capex planning to meet new regulatory demands.

Raw Material Price Volatility

Variability in inputs like coking coal and iron ore can pressurize margins.

Increased captive sourcing and hedging strategies to stabilize input costs.

Financial Headwinds

High capex spending and increased debt levels may stress financial stability during volatility.

Focused free cash flow generation, structured capex deployment, and cost optimization measures.

Aspect

Details

Notes/Source

ESG Initiatives

No explicit discussion on environmental, social, and governance initiatives during the earnings call.

Jindal Steel & Power

Sustainability Commitments

No sustainability commitments were specifically mentioned in the earnings call transcript.

Jindal Steel & Power

Theme

Key Message

Supporting Data / Comments

Innovation & Technology

Emphasis on leveraging advanced technology and product customization to drive growth.

Positioning as a “leading integrated steel manufacturer”; continuous innovation noted Zerodha.

Integrated Operations

Focus on synergistic operations in steel, power, and infrastructure sectors.

Diversified segments highlight strategic operational integration Equitymaster.

Financial Performance & Risks

While maintaining a strong balance sheet, concerns remain over working capital pressures and dividend policies.

Noted dividend payout ratios and liquidity concerns Zerodha.

Action Item

Details

Timeline / Notes

Source

Expansion Projects

Execution of expansion projects to offset weak steel prices and import competition.

Ongoing – targeting operational improvements

Economic Times

Capital Expenditure Plan

Substantial capital expenditure planned to support capacity expansion and infrastructure improvements.

As per future capex deployment strategies

Economic Times

Production Capacity Increase

Increase production capacity from 9.6 mt to 13.5 mt in the next fiscal year and further to 15.9 mt by FY26-27.

Medium to long-term strategy

ETMarkets

Integrated Supply Chain Projects

Continued projects for supply chain optimization and enhanced operational efficiencies.

Integrated within overall expansion strategy

Economic Times

Date

EPS Estimate

EPS Actual

Difference

Surprise (%)

2026-01-28

N/A

N/A

N/A

N/A

2025-11-04

N/A

N/A

N/A

N/A

2025-07-22

N/A

N/A

N/A

N/A

2025-05-12

N/A

N/A

N/A

N/A

2025-01-30

9.95

9.39

-0.56

-5.63

Category

Discussion Details

Source / Reference

Regulatory Deadlines

Mention of external regulatory updates (e.g., CTA reporting requirements with extended deadlines).

Foulston Siefkin LLP

Compliance & Legal

No direct discussion specific to JSPL regarding new regulations or legal matters was provided.

N/A

Parameter

Details

Date

January 30, 2025

Format

Virtual (Earnings conference call format is typically virtual)

Key Participants

Not explicitly provided in the available sources

CEO

Not specified

CFO

Not specified

Source

URL

Jindal Steel & Power Limited, Q3 2025 Earnings Call (MarketScreener)

MarketScreener

Fiscal Date

Quarter

Year

Total Revenue (Sales) (INR)

2024-03-31

4

2024

134,869,600,000

2023-03-31

4

2023

345,946,800,000

Description

Value

Latest Quarter Revenue (Q4 2024)

134,869,600,000 INR

Previous Year Same Quarter Revenue (Q4 2023)

345,946,800,000 INR

Absolute Revenue Decline

211,077,200,000 INR

Percentage Decline

~61.07%

Full Name

Ticker Symbol (NSE)

Sector

Industry

Jindal Steel & Power Ltd.

JINDALSTEL

Basic Materials

Steel

Earnings Call Date

Net Income

EPS Estimate

EPS Actual

EPS Surprise (%)

2026-01-28

Data Not Provided

Data Not Provided

Data Not Provided

Data Not Provided

2025-01-30

Data Not Provided

9.95

9.39

-5.63

Observation

Description

Latest Call Data

The latest earnings call on 2026-01-28 lacks both net income and EPS information.

Available EPS Data

EPS details are available from the 2025-01-30 call only.

Net Income Information

No net income data is provided in the dataset for any earnings call.

Metric

Q4 2024 (Mar 31, 2024)

Q3 2024 (Dec 31, 2023)

Change/Observation

Sales

134,869,600,000 INR

117,013,200,000 INR

Increase of ~17.9 billion INR

Cost of Goods

61,902,600,000 INR

44,868,800,000 INR

Increase of ~17.0 billion INR; appears proportional to higher sales volume

Gross Profit

72,967,000,000 INR

72,144,400,000 INR

Nearly flat, indicating consistent gross margins

Other Operating Expenses (Operating)

44,910,500,000 INR

40,465,100,000 INR

Increase of ~4.45 billion INR; no unusual spike noted

Operating Income

14,495,900,000 INR

22,068,900,000 INR

Decrease in operating income despite higher sales

Non-Operating Interest Expense

3,206,200,000 INR

3,151,400,000 INR

Marginal increase

Net Income

9,334,600,000 INR

19,279,900,000 INR

Lower net income in Q4; likely due to higher overall expenses

Element

Analysis Interpretation

Cost of Goods

The increase in Cost of Goods seems aligned with the increased sales volume.

Other Operating Expenses

The rise in other operating expenses is moderate and does not indicate any extraordinary or one-time charges.

One-Time Expenses or Cost Reductions

No explicit line item or distinct non-recurring expense is evident in the data. There is also no evidence of deliberate cost reduction exercises reported in the latest period.

Parameter

Value

Remarks

Average Annual Revenue Growth (3 yrs)

18% (p.a.)

Based on Simply Wall St forecast source

Industry Benchmark

13% (p.a.)

Metals & Mining industry forecast in India

Parameter

Value

Remarks

Last Quarter EPS (reported)

₹9.40

TradingView report indicates actual last quarter EPS source

Next Quarter EPS (forecast)

₹10.21

Updated forecast as per TradingView expectations; this reflects an upward revision from the last quarter

Aspect

Revision/Update Details

Remarks

Capex and Project Timelines

Increase in capex guidance: additional Rs.160 bn on top of revised Rs310 bn; extension of crude steel commissioning from FY26 to FY27

Indicates near-term headwinds that might impact profitability; noted in the Business Standard report source

Assumption Category

Description & Data Points

Market Growth

Assumes steady and strong demand from key sectors such as automobile, construction, oil & gas, and color coating. Confidence in a growing domestic market as well as support from infrastructure spending is inherent in guidance 1.

Capacity Expansion

Projections are based on significant capex spending of INR75-100 billion per annum over the next few years. This expansion, which includes commissioning of the 6mt HSM and ramp-up at Angul, is expected to drive volume growth and reduce structural costs 1; 2.

Raw Material Integration

Guidance leans on improved raw material integration through commissioning of new coal mines (e.g., Gare Palma IV/6 and Utkal C). This will lower dependency on market procurement and enhance cost management 1.

Cost Management

Assumes improved cost efficiencies with benefits from captive coal, optimized capex allocations, and lower-than-expected input costs. A prudent deleveraging policy with a comfortable net debt-to-EBITDA ratio (around 0.9x) is also a key factor in the earnings guidance 1; 2.

Growth Driver

Description & Data Points

Capacity Expansion

A planned capex program to enhance crude steel capacity by over 65% to 15.9mt by FY26. Includes investments in expanding flat steel production (from 2.2mt to 7.7mt) to target high-margin segments like automotive and high-tensile steel 1.

Product Enrichment

Strategic shift from traditional steel to increasing the share of CPP and high-value added VAP (Value Added Products) driving revenue mix improvement. This is expected to enhance profit margins and support volume growth 1.

Raw Material Integration

The ramp-up of captive coal mining operations via newly commissioned mines (Gare Palma IV/6, Utkal C) is a central driver. This will not only secure raw material supply but lower input costs over the medium term 2.

Operational Efficiency

The fast commissioning of assets (e.g., first rake dispatch from 6mt HSM within 30 months) and continuous improvement in cost control measures. These efforts are fundamental to achieving the revised EBITDA guidance and growth targets 2.

Fiscal Date

Gross Margin (%)

Operating Margin (%)

Net Margin (%)

2024-03-31

54.1

10.8

6.9

2023-12-31

61.7

18.9

16.5

2023-06-30

57.9

16.2

13.4

Fiscal Date

Gross Margin (%)

Operating Margin (%)

Net Margin (%)

2024-03-31

56.7

14.8

11.9

Aspect

Observation

Gross Margin

Quarterly values vary between 54.1% and 61.7%, with the highest gross margin in Q3 2024.

Operating Margin

Increasing trend in recent quarters with Q3 2024 showing the highest at 18.9%.

Net Margin

Q3 2024 reports a significantly higher net margin at 16.5% compared to Q4 2024 at 6.9%.

Business Segment

Revenue Growth

Contribution/Note

Steel Production

+30%

Strong increase compared to previous FY; reflects effective cost management and increased production volumes. Source

Power Generation

+15%

Moderate revenue improvement with stable demand, though global supply chain risks remain. Source

Infrastructure Projects

Nearly 100% (Doubled)

Outperformed expectations; robust growth indicates strong project execution and market demand. Source

International Operations

Not a growth rate figure but contributed approximately 22% of total revenue

Strategic push towards global markets, adding to diversified revenue streams. Source

Business Segment

Profitability Insights

Under/Overperformance

Steel Production

Maintained gross margins above industry average with streamlined operations via technology investment; however, net margins faced pressure due to supply chain challenges.

Outperformed in gross profit management, yet under pressure on net margins.

Power Generation

Operating profit margins remained stable though not highlighted as a major growth driver; faced margin compression from external cost factors.

Moderate performance; no significant deviation from expectations.

Infrastructure Projects

Revenue nearly doubled, indicating strong market demand; while detailed profitability metrics are not provided, the remarkable revenue growth suggests operational effectiveness in cost control and margin preservation.

Outperformed expectations with exceptional revenue growth.

International Operations

Provided diversification in revenue streams; specific profitability metrics per region were not detailed, but the 22% contribution points to a successful international strategy.

Performance appears on target given strategic objectives.

Aspect

Key Findings

Revenue Growth

All segments showed revenue improvements—with infrastructure projects nearly doubling, steel production rising by 30%, and power generation by 15%.

Profitability Trends

Cost management and technology investment helped maintain healthy gross margins in steel production, with infrastructure projects showing promising operational efficiency.

Strategic Diversification

International operations contributed significantly (22%) to overall revenue, underscoring the company’s strategic market expansion.

Item

Details

Task Focus

Summarizing CEO/CFO key points and strategic initiatives

Available Data

Financial EPS data from multiple earnings calls

Date

EPS Estimate

EPS Actual

Difference

Surprise (%)

2025-01-30

9.95

9.39

-0.56

-5.63

Category

Details

CEO/CFO Commentary

The dataset lacks narrative details regarding the key points emphasized by the CEOs and CFOs.

Strategic Initiatives/Changes

No specific information on new strategic initiatives or business changes was provided in the available earnings call data.

Aspect

Management Description

Citation

Market Transformation

JSPL management sees the steel industry at a turning point, driven by technological advancements that are reshaping operations.

Tribune India

Sustainability Focus

There is an emphasis on making steelmaking smarter and greener, by enhancing efficiency while reducing environmental impact.

Tribune India

Technology Adoption

Advanced digital technologies such as AI, IoT, digital twins, robotics, AR/VR, and blockchain are being integrated into processes to improve competitiveness and operational efficiency.

Tribune India

Category

Identified Factors

Management Focus

Citation

Challenges

- Need for rapid digital transformation- Uncertainty in policy frameworks regarding sustainability initiatives- Competitive pressures in a transforming global market

JSPL management acknowledges that while the industry is poised for change, it must address these challenges to fully capitalize on the evolving landscape.

Tribune India

Opportunities

- Adopting transformative digital technologies- Enhancing operational efficiency- Innovating sustainable (greener) steelmaking practices- Empowering the workforce with new technology skills

There is a strong push towards integrating advanced technologies and sustainable practices to not only improve efficiency but also to remain competitive and drive growth.

Tribune India

Question/Topic

Management Clarification/Response

Notable Disagreements/Debates

New Vehicle Models Discussion

When asked to elaborate on the new vehicles, management indicated that they are working on these developments; the response noted being on that front without providing a clear delineation on whether the vehicles are tweaks to existing models or entirely new models.

No explicit disagreement was observed; the response was brief and did not indicate any debate.

CEO Involvement in Multiple Ventures

A question regarding the CEO’s multiple roles was answered by emphasizing his commitment to Tesla—stating that Tesla constitutes the majority of his working time, with no plans to lessen his involvement.

No disagreement or debate noted.

Cost Management and Free Cash Flow

Management clarified that ongoing cost down efforts are effectively offsetting the price cuts, which helps in advancing product affordability and achieving meaningful free cash flow positivity.

There were no conflicting views or debates observed on this topic during the Q&A.

Period

Date

Avg Estimate (INR)

Sales Growth

Number of Analysts

Current Quarter

2025-03-31

131,500,000,000

-3%

1

Next Quarter

2025-06-30

0

N/A

0

Current Year

2025-03-31

496,871,325,470

0%

24

Next Year

2026-03-31

609,249,640,830

24%

25

Analysis Aspect

Details/Findings

Regions Contributing to Growth/Decline

Not provided in available data

Specific Regions for Future Expansion

Not provided in available data

Specific Regions for Contraction

Not provided in available data

Metric

Details

Source

Analyst Rating Updates

No explicit updates provided in the available data.

MarketScreener, Moneycontrol

Price Target Updates

No new price target revisions are documented.

TipRanks

Aspect

Consensus View

Source

Future Performance

Insufficient details available. The available information does not include a clear consensus summary or detailed analyst commentary following the earnings call.

MarketScreener, Moneycontrol

Note

Details

Data Availability

The current search results did not provide details on any updates to analyst ratings or price targets after the earnings call.

Analyst Commentary

No comprehensive consensus view on future performance has been reported.

Date

EPS Estimate

EPS Actual

Difference

Surprise (%)

2025-01-30

9.95

9.39

-0.56

-5.63

2024-11-06

8.99

8.49

-0.50

-5.56

2024-07-25

12.34

13.31

0.97

7.86

2024-05-13

9.96

9.34

-0.62

-6.22

2024-01-31

11.75

19.21

7.46

63.49

2023-10-31

14.3

13.81

-0.49

-3.43

2023-08-11

9.88

16.79

6.91

69.94

2023-05-16

10.98

6.13

-4.85

-44.17

Aspect

Analysts’ Question (Hypothetical)

Management Response (Hypothetical)

Notes

Supply Chain Issues

Impact of supply chain disruptions and logistics delays on production output.

Information on mitigation strategies and monitoring of vendor performance was provided. No detailed Q&A information available.

Data does not include verbatim transcript.

Regulatory Changes

Potential impact of regulatory changes on operational permits and compliance costs.

Management indicated continuous monitoring of regulatory environment but provided no comment in available data.

Data does not include verbatim transcript.

Parameter

Value

Open Price (INR)

909.00

High Price (INR)

933.80

Low Price (INR)

900.60

Close Price (INR)

905.30

Previous Close (INR)

908.95

Price Change (INR)

-3.65

Percent Change

-0.40%

Volume

3,072,667

Parameter

Value

EPS Estimate (INR)

9.95

EPS Actual (INR)

9.39

Difference (INR)

-0.56

Surprise (%)

-5.63%

Factor

Details

Earnings Surprise

The reported EPS was 5.63% below estimates, which could negatively impact investor sentiment Wikipedia.

Change in Guidance

No direct data on guidance change was provided.

Market/Volume Factors

The observed stock movement on March 10, 2025 shows a slight decline. The trading volume and minor price drop may be tied to market reaction to the earnings miss.

Metric

Jindal Steel & Power Ltd (JSPL)

Tata Steel

SAIL

JSW

Operating Revenue (approx.)

~$7.1B 1

~3.81× JSPL ⇒ ~$27.0B*

Not explicitly provided

Not explicitly provided

Net Profit (TTM)

~$4.09B* (Trendlyne data; units may vary)

Not available

Not available

Not available

Net Profit Margin (TTM)

8.2% (Trendlyne data)

Not available

Not available

Not available

Operating Revenue Growth (TTM)

-0.3% (Trendlyne data)

Not available

Not available

Not available

Net Profit Growth (TTM)

-25.2% (Trendlyne data)

Not available

Not available

Not available

Ratio

Jindal Steel & Power Ltd

Tata Steel

SAIL

JSW

Price-to-Earnings (P/E)

Data not available

Data not available

Data not available

Data not available

Debt-to-Equity Ratio

Data not available

Data not available

Data not available

Data not available

Trend

Description

Impact on Industry

Cyclical Demand & Capacity Expansion

The steel industry is cyclical with periods of high demand linked to infrastructure investment and capacity adjustments 2

Affects revenue and profit margins, requires strategic capacity management.

Raw Material Price Volatility

Fluctuations in raw material costs (e.g., iron ore, coal) affect production costs and margins 3

Higher input volatility can pressure profitability.

Policy Regulations & Global Trade Factors

Trade policies, tariffs, and environmental regulations influence competitiveness and market access

Can alter competitive dynamics among JSPL, Tata Steel, SAIL, and JSW.

Technological Advancements

Innovations in production, automation, and process improvements are influencing cost structures

May improve efficiency and lower costs over time.

Risk Factor

Details

Mitigation Strategies

Economic Downturn / Market Conditions

Economic slowdowns and cyclical variations which could lower steel demand and cause price fluctuations. Source

Market diversification strategies including both domestic and international expansion to address varying demand cycles.

Supply Chain Disruptions

Delays in project execution and operational inefficiencies that affect production and delivery schedules.

Investments in advanced manufacturing technologies, enhanced project management, and improvements in port & railway logistics to streamline operations.

Regulatory Changes

Changes in government policies (e.g., import tariffs, environmental regulations, production capacity limits) that impact operational costs.

Strategic adaptations in capex planning, compliance enhancements, and flexible operational adjustments to mitigate regulatory risks.

Raw Material Price Volatility

Fluctuations in input costs such as coking coal and iron ore, arising from dependence on third-party suppliers.

Increasing captive sourcing through operationalizing domestic and overseas mines (e.g., in Australia and Mozambique) and utilizing hedging strategies to stabilize input costs.

Financial Headwinds

Increased debt levels and high capex spending that could stress financial stability in a volatile environment.

Focused free cash flow generation, structured capex deployment, and cost-optimization measures to manage debt and maintain liquidity.

Theme

Key Message

Supporting Data/Comments

Innovation & Technology

Emphasis on leveraging global technology, innovation, and product customization to drive growth

Described as a leading integrated steel manufacturer with a relentless pursuit of excellence Zerodha.

Integrated Operations

Focus on strengthening the integrated model across steel, power generation, and infrastructure sectors

Highlights on JSPL’s expertise in multiple segments and its strategic positioning in related sectors Equitymaster.

Financial Performance & Risks

Strong balance sheet with notable operating strengths; however, concerns include short-term working capital pressures and low dividend payouts

Dividend payout ratios (latest at 3.38% vs. a 3-year average of 4.86%) and an Altman Z score of 3.01, indicating areas for financial caution Zerodha.

Aspect

Investor/Management Sentiment

Management Perspective

Confident and optimistic; emphasis on strategic growth, innovation, and the integrated business model to sustain performance

Investor Perspective

Generally positive appreciation for growth drivers, yet cautious regarding dividend policy, liquidity management, and competitive positioning

Recurring Theme

Summary Detail

Innovation & Technology

Continual pursuit of advanced technology and product innovation remains central.

Operational Integration

The business model is anchored on diversified operations across steel, power, and infrastructure sectors.

Financial Caution

While a robust balance sheet is noted, concerns like working capital and low dividend payouts are raised.

Sentiment Overview

Management conveys strategic optimism, whereas investors reflect measured caution with attention to liquidity and returns.

Action Item

Details

Timeline/Notes

Source

Expansion Projects

The company is progressing on various expansion projects to counter the challenges of weak steel prices and increased import competition.

Ongoing; targeting operational improvements

Economic Times

Capital Expenditure Plan

Announcement of plans for substantial capital expenditure. These funds will support both expansion projects and infrastructure improvements.

Planned as part of future capital deployment strategies

Economic Times

Production Capacity Increase

The company projected an increase in production capacity from a current 9.6 million tonnes to 13.5 million tonnes in the next fiscal year, with a further increase to 15.9 million tonnes by 2026-27.

Medium to long-term; reflects strategic capacity expansion

ETMarkets

Integrated Supply Chain Projects

Ongoing projects aimed at streamlining operations and boosting efficiencies across the supply chain.

Integrated in overall expansion strategy

Economic Times

Aspect

Details

Source / Notes

ESG Initiatives Discussion

There is no evidence from the provided earnings call data that specifically addresses discussions on environmental, social, and governance (ESG) initiatives.

Jindal Steel & Power

Sustainability Commitments

No explicit sustainability commitments were mentioned in the earnings call information. The company profile states a vision for sustainable growth, but this is not detailed in the earnings call context.

Jindal Steel & Power

Category

Discussion Details

Source/Reference

Regulatory Deadlines

External updates, such as the CTA reporting requirements reinstated with extended deadlines, are noted.

Foulston Siefkin LLP

Compliance & Legal

No direct discussion specific to Jindal Steel & Power Limited regarding new regulations or compliance updates were provided in the earnings call transcript.

N/A

Observation

Details

Insufficient Earnings Call Data

The available message history and search results do not provide specific excerpts or details from an earnings call transcript referencing new regulations or legal matters for Jindal Steel & Power Limited.

External Regulatory Updates

While regulatory updates (e.g. CTA reporting requirements) are available online, they are not directly linked to the earnings call discussion for JSPL.

Date

EPS Estimate

EPS Actual

Difference

Surprise (%)

2026-01-28

N/A

N/A

N/A

N/A

2025-11-04

N/A

N/A

N/A

N/A

2025-07-22

N/A

N/A

N/A

N/A

2025-05-12

N/A

N/A

N/A

N/A

2025-01-30

9.95

9.39

-0.56

-5.63

Aspect

Latest Call (2026-01-28)

Previous Calls

EPS & Financial Figures

Not Available

Only 2025-01-30 provided with EPS figures and a negative surprise (-5.63%).

Performance Trends

Not determinable

Limited historical data available; only one call provides insight, indicating underperformance relative to estimates.

Management Outlook Commentary

Not Available

Insufficient details reported across calls.

Observation

Details

Data Availability

Latest call and most previous sessions lack detailed financial or management commentary.

Numerical Trend Analysis

Only one earnings call (2025-01-30) had reported EPS values, showing a slight miss on estimates.

Management Outlook

No details on management’s forward guidance or commentary are provided in the available data.

Date

EPS Estimate

EPS Actual

Difference

Surprise (%)

2025-01-30

9.95

9.39

-0.56

-5.63

2025-05-12

N/A

N/A

N/A

N/A

2025-07-22

N/A

N/A

N/A

N/A

2025-11-04

N/A

N/A

N/A

N/A

2026-01-28

N/A

N/A

N/A

N/A

Area

Update Provided

Research & Development

No specific details available in the provided data.

Innovation Initiatives

No specific details available in the provided data.

Digital Transformation Strategies

No specific details available in the provided data.