Jindal Steel has reported a significant downturn in its financial performance for the second quarter of the fiscal year 2026 (Q2 FY26), as the domestic steel sector grapples with margin pressure and softening realisations. The company's consolidated Profit After Tax (PAT) witnessed a sharp quarter-on-quarter (QoQ) decline, plummeting by 57 per cent. Simultaneously, its consolidated revenue from operations also saw a noticeable dip, contracting by 5.1 per cent compared to the preceding quarter (Q1 FY26). The sharp contraction in the bottom line, despite a more moderate drop in the top line, suggests considerable pressure on the company’s operating margins during the July-to-September period. Industry analysts attribute the profit squeeze primarily to a combination of factors, includi

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