{"id":73862,"date":"2026-04-20T12:52:40","date_gmt":"2026-04-20T07:22:40","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=73862"},"modified":"2026-04-20T12:52:42","modified_gmt":"2026-04-20T07:22:42","slug":"jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/","title":{"rendered":"Jindal Steel &amp; Power Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook"},"content":{"rendered":"<p>Jindal Steel &amp; Power (NSE: JINDALSTEL) is preparing to announce its Q4 FY26 (January\u2013March 2026) financial results for the period ended March 31, 2026. With the stock trading at Rs 820 \u2014 against a 52-week high of Rs 1,060 and a 1-year return of -12% \u2014 the Q4 FY26 results will be a pivotal event for investors assessing their position heading into FY27.<\/p><p>Analyst consensus estimates for Q4 FY26 stand at Rs 12,500\u201313,500 Cr in revenue and Rs 1,200\u20131,500 Cr in profit after tax, with margin expectations of EBITDA\/t Rs 8,500\u20139,500. The key growth metric of Volume +6\u20138% YoY will be closely watched alongside the management&#8217;s FY27 guidance \u2014 which analysts consider more important than the reported Q4 number in the current macro environment.<\/p><p>Get free investment predictions and live Q4 result alerts on <a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Jindal_Steel_Power_Q4_Results_2026_Date\" title=\"Jindal Steel &amp; Power Q4 Results 2026 Date\">Jindal Steel &amp; Power Q4 Results 2026 Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Jindal_Steel_Power_Q4_FY26_Earnings_Estimates\" title=\"Jindal Steel &amp; Power Q4 FY26 Earnings Estimates\">Jindal Steel &amp; Power Q4 FY26 Earnings Estimates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#5_Key_Factors_That_Will_Drive_Jindal_Steel_Power_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive Jindal Steel &amp; Power Q4 FY26 Performance\">5 Key Factors That Will Drive Jindal Steel &amp; Power Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#1_Domestic_Steel_Demand_Upcycle\" title=\"1. Domestic Steel Demand Upcycle\">1. Domestic Steel Demand Upcycle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#2_BF3_Vijayanagar_Restart_%E2%80%94_JSW_Steel_Competitive_Watch\" title=\"2. BF3 Vijayanagar Restart \u2014 JSW Steel Competitive Watch\">2. BF3 Vijayanagar Restart \u2014 JSW Steel Competitive Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#3_Oman_Operations_%E2%80%94_Export_Diversity\" title=\"3. Oman Operations \u2014 Export Diversity\">3. Oman Operations \u2014 Export Diversity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#4_Volume_Guidance_%E2%80%94_10_MTPA_FY27_Target\" title=\"4. Volume Guidance \u2014 10 MTPA FY27 Target\">4. Volume Guidance \u2014 10 MTPA FY27 Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#5_Specialty_Steel_%E2%80%94_Defence_and_Auto\" title=\"5. Specialty Steel \u2014 Defence and Auto\">5. Specialty Steel \u2014 Defence and Auto<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#5_Risks_to_Watch_in_Jindal_Steel_Power_Q4_FY26\" title=\"5 Risks to Watch in Jindal Steel &amp; Power Q4 FY26\">5 Risks to Watch in Jindal Steel &amp; Power Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#1_Coking_Coal_Price_Volatility\" title=\"1. Coking Coal Price Volatility\">1. Coking Coal Price Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#2_Chinese_Overcapacity_and_Dumping\" title=\"2. Chinese Overcapacity and Dumping\">2. Chinese Overcapacity and Dumping<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#3_Capital_Allocation_and_Leverage\" title=\"3. Capital Allocation and Leverage\">3. Capital Allocation and Leverage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#4_US_Tariff_Macro_Overhang\" title=\"4. US Tariff Macro Overhang\">4. US Tariff Macro Overhang<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#5_Import_Substitution_Reversals\" title=\"5. Import Substitution Reversals\">5. Import Substitution Reversals<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Jindal_Steel_Power_Share_Price_and_Analyst_Ratings\" title=\"Jindal Steel &amp; Power Share Price and Analyst Ratings\">Jindal Steel &amp; Power Share Price and Analyst Ratings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_What_is_the_Jindal_Steel_Power_Q4_results_2026_date\" title=\"Q: What is the Jindal Steel &amp; Power Q4 results 2026 date?\">Q: What is the Jindal Steel &amp; Power Q4 results 2026 date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_What_is_the_Jindal_Steel_Power_Q4_FY26_PAT_estimate\" title=\"Q: What is the Jindal Steel &amp; Power Q4 FY26 PAT estimate?\">Q: What is the Jindal Steel &amp; Power Q4 FY26 PAT estimate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_What_is_Jindal_Steel_Powers_share_price_ahead_of_Q4_results\" title=\"Q: What is Jindal Steel &amp; Power&#8217;s share price ahead of Q4 results?\">Q: What is Jindal Steel &amp; Power&#8217;s share price ahead of Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_Will_Jindal_Steel_Power_declare_a_dividend_in_Q4_FY26\" title=\"Q: Will Jindal Steel &amp; Power declare a dividend in Q4 FY26?\">Q: Will Jindal Steel &amp; Power declare a dividend in Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_Which_analysts_have_a_Buy_rating_on_Jindal_Steel_Power\" title=\"Q: Which analysts have a Buy rating on Jindal Steel &amp; Power?\">Q: Which analysts have a Buy rating on Jindal Steel &amp; Power?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_What_were_Jindal_Steel_Power_Q3_FY26_results\" title=\"Q: What were Jindal Steel &amp; Power Q3 FY26 results?\">Q: What were Jindal Steel &amp; Power Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_When_do_Infosys_and_TCS_announce_Q4_results_2026\" title=\"Q: When do Infosys and TCS announce Q4 results 2026?\">Q: When do Infosys and TCS announce Q4 results 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Q_Is_Jindal_Steel_Power_a_good_investment_ahead_of_Q4_results\" title=\"Q: Is Jindal Steel &amp; Power a good investment ahead of Q4 results?\">Q: Is Jindal Steel &amp; Power a good investment ahead of Q4 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/jindal-steel-amp-power-q4-results-2026-date-revenue-pat-amp-analyst-outlook\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jindal_Steel_Power_Q4_Results_2026_Date\"><\/span>Jindal Steel &amp; Power Q4 Results 2026 Date<span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Jindal Steel &amp; Power Q4 FY26 results date is May 2026 (Expected). The board of directors will meet to consider and approve the audited consolidated and standalone financial results for the quarter and full year ended March 31, 2026 and consider recommending a final dividend.<\/p><p>Here is the broader Q4 FY26 earnings calendar for major Indian companies:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Results Date<\/strong><\/td><td><strong>Key Watch<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>Apr 9, 2026 \u2713<\/td><td>Q4 PAT Rs 13,718 Cr, dividend Rs 31<\/td><\/tr><tr><td>HDB Financial<\/td><td>Apr 15, 2026 \u2713<\/td><td>First listed results, AUM and dividend<\/td><\/tr><tr><td>Wipro<\/td><td>Apr 16, 2026 \u2713<\/td><td>FY27 IT guidance; buyback decision<\/td><\/tr><tr><td>HDFC Bank<\/td><td>Apr 18, 2026 \u2713<\/td><td>NIM recovery; chairman transition<\/td><\/tr><tr><td>ICICI Bank<\/td><td>Apr 18, 2026 \u2713<\/td><td>NPA quality; loan growth guidance<\/td><\/tr><tr><td>Infosys<\/td><td>Apr 23, 2026<\/td><td>FY27 CC revenue guidance (critical)<\/td><\/tr><tr><td>IndusInd Bank<\/td><td>Apr 24, 2026<\/td><td>Derivative restatement resolution<\/td><\/tr><tr><td>Coal India<\/td><td>Apr 27, 2026<\/td><td>Volume + dividend; sector watch<\/td><\/tr><\/tbody><\/table><\/figure><p>For more Q4 FY26 results previews across all sectors, visit <a href=\"https:\/\/univest.in\/blogs\"><strong>Univest Blogs<\/strong><\/a>.<\/p><p>Why This Quarter Matters<\/p><p>Q4 FY26 (January\u2013March 2026) is the most important quarter of any financial year \u2014 it determines the full-year FY26 financial outcome, sets the earnings base for FY27 analyst estimates, and triggers final dividend announcements. For Jindal Steel &amp; Power, with a 1-year stock return of -12%, this quarter&#8217;s results and FY27 guidance are critical for determining whether the stock can begin a meaningful recovery or faces continued pressure.<\/p><p>Beyond the headline revenue and PAT numbers, investors will focus on three things: (1) whether FY27 guidance matches the consensus expectation of Volume +6\u20138% YoY, (2) whether the margin of EBITDA\/t Rs 8,500\u20139,500 is sustainable or under pressure, and (3) the dividend announcement of Rs 5 per share. A positive surprise on any two of these three parameters could drive a meaningful post-results re-rating.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jindal_Steel_Power_Q4_FY26_Earnings_Estimates\"><\/span>Jindal Steel &amp; Power Q4 FY26 Earnings Estimates<span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-1024x536.jpeg\" alt=\"Jindal Steel &amp; Power Q4 FY26 Earnings Estimates\" class=\"wp-image-73944\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-1024x536.jpeg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-300x157.jpeg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-768x402.jpeg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-900x471.jpeg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-600x314.jpeg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-150x79.jpeg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150.jpeg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Figure 2: Jindal Steel &amp; Power Q4 FY26 Analyst Estimates \u2014 Revenue: Rs 12,500\u201313,500 Cr | PAT: Rs 1,200\u20131,500 Cr | Margin: EBITDA\/t Rs 8,500\u20139,500 | Growth: Volume +6\u20138% YoY<\/p><p>Access premium SEBI-registered research on <a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Univest<\/strong><\/a>.<\/p><p>Brokerages including MOFSL, YES Securities, and JM Financial have published their Q4 FY26 preview estimates for Jindal Steel &amp; Power. The consensus projects Rs 12,500\u201313,500 Cr in revenue (versus Q3 FY26 actual of Rs 11,834 Cr) and PAT of Rs 1,200\u20131,500 Cr (versus Q3 actual of Rs 841 Cr). A beat on revenue combined with margin expansion would be the most positive scenario for the stock.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26 Actual<\/strong><\/td><td><strong>Q4 FY26 Estimate<\/strong><\/td><td><strong>Key Watch<\/strong><\/td><\/tr><tr><td>Revenue<\/td><td>Rs 11,834 Cr<\/td><td>Rs 12,500\u201313,500 Cr<\/td><td>Sequential growth trajectory<\/td><\/tr><tr><td>PAT<\/td><td>Rs 841 Cr<\/td><td>Rs 1,200\u20131,500 Cr<\/td><td>Clean earnings quality<\/td><\/tr><tr><td>EBITDA \/ Margin<\/td><td>EBITDA\/t Rs 7,800<\/td><td>EBITDA\/t Rs 8,500\u20139,500<\/td><td>Input cost and pricing power<\/td><\/tr><tr><td>Key Growth Metric<\/td><td>Q3 base<\/td><td>Volume +6\u20138% YoY<\/td><td>Volume \/ Rate \/ SSG<\/td><\/tr><tr><td>Dividend (Expected)<\/td><td>N\/A<\/td><td>Rs 5 per share<\/td><td>FCF signal to market<\/td><\/tr><\/tbody><\/table><\/figure><p>Screen <a href=\"https:\/\/univest.in\/screeners\"><strong>Jindal Steel &amp; Power<\/strong><\/a> live fundamentals, FII\/DII activity, and analyst upgrades on Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_Jindal_Steel_Power_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive Jindal Steel &amp; Power Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Domestic_Steel_Demand_Upcycle\"><\/span><strong>1. Domestic Steel Demand Upcycle<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>India&#8217;s infrastructure spending under PM Gati Shakti \u2014 Rs 10+ lakh crore annually \u2014 is sustaining domestic HRC and long product demand. Jindal Steel&#8217;s Angul complex, focused on flat products and speciality steel, is directly aligned with the construction and auto-sector demand that drives 70%+ of India&#8217;s steel consumption. Q4 typically sees seasonal demand from real-estate completions and government capex acceleration before fiscal year-end.<\/p><p>Steel import restriction and safeguard duties notified in FY26 have also reduced cheap Chinese steel competition \u2014 improving domestic realisation for Jindal by Rs 500\u2013800\/tonne versus the unconstrained environment.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_BF3_Vijayanagar_Restart_%E2%80%94_JSW_Steel_Competitive_Watch\"><\/span><strong>2. BF3 Vijayanagar Restart \u2014 JSW Steel Competitive Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>While Jindal benefits from JSW Steel&#8217;s BF3 shutdown in Vijayanagar, the restart expected by end Q4 FY26 will restore JSW capacity. Jindal&#8217;s Q4 volumes are expected to benefit from the window of reduced JSW competition \u2014 a one-quarter tailwind for realisations in South India markets.<\/p><p>Analysts at Emkay highlight that Jindal&#8217;s integrated mining (captive iron ore at Orissa) and captive power at Angul structurally position it at lower cost per tonne than most Indian steelmakers without equivalent backward integration.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Oman_Operations_%E2%80%94_Export_Diversity\"><\/span><strong>3. Oman Operations \u2014 Export Diversity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal Steel&#8217;s Oman operations (Shadeed Iron &amp; Steel) \u2014 a 2 MTPA electric arc furnace \u2014 serves the GCC steel market. Middle East infrastructure buildout (Saudi Vision 2030, UAE infrastructure acceleration) provides sustained export demand for long products.<\/p><p>Oman revenue in USD provides a natural hedge against INR weakness \u2014 and the GCC market&#8217;s premium over domestic Indian prices has been widening as global steel supply tightness in the region persists.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Volume_Guidance_%E2%80%94_10_MTPA_FY27_Target\"><\/span><strong>4. Volume Guidance \u2014 10 MTPA FY27 Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Management has guided for 10+ MTPA consolidated crude steel by FY27 \u2014 from current 9 MTPA. Volume growth translates to operating leverage on fixed costs, improving EBITDA per tonne.<\/p><p>Key driver: Angul Phase 4 brownfield capacity expansion (adding 4 MTPA by FY28) is progressing \u2014 with land acquisition and environmental clearances substantially complete. FY27 capex guidance will be closely watched.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Specialty_Steel_%E2%80%94_Defence_and_Auto\"><\/span><strong>5. Specialty Steel \u2014 Defence and Auto<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal&#8217;s high-value specialty steel for auto (alloy wheels, engine components) and defence (armour steel) is growing 18\u201320% annually. Specialty steel carries 25\u201335% EBITDA premium over commodity HRC.<\/p><p>India&#8217;s defence indigenisation push and auto OEM localization requirements (FAME and PLI) create structural demand for domestic specialty steel \u2014 a multi-year tailwind for Jindal&#8217;s product mix upgrade.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_Jindal_Steel_Power_Q4_FY26\"><\/span><strong>5 Risks to Watch in Jindal Steel &amp; Power Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Coking_Coal_Price_Volatility\"><\/span><strong>1. Coking Coal Price Volatility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Coking coal (60\u201365% imported) constitutes 35\u201340% of Jindal&#8217;s variable cost. Price spikes driven by Australian supply disruptions or Indian Railways freight restrictions can compress EBITDA\/t by Rs 1,000\u20131,500 in a quarter.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Chinese_Overcapacity_and_Dumping\"><\/span><strong>2. Chinese Overcapacity and Dumping<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>China&#8217;s steel industry \u2014 operating at 90%+ of 1.1 billion MT capacity with domestic demand subdued \u2014 continues to create global export pressure. Safeguard duties provide temporary relief but require renewal and can be challenged at WTO.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Capital_Allocation_and_Leverage\"><\/span><strong>3. Capital Allocation and Leverage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal Steel&#8217;s net debt of Rs 12,000\u201314,000 crore remains elevated relative to its EBITDA. High capex intensity for ongoing expansions (Angul Phase 4) limits free cash flow and restricts dividend upside.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_US_Tariff_Macro_Overhang\"><\/span><strong>4. US Tariff Macro Overhang<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 26% US reciprocal tariff on Indian goods has created FII outflow pressure. Steel sector stocks are disproportionately affected by global trade sentiment deterioration \u2014 creating stock price volatility independent of company fundamentals.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Import_Substitution_Reversals\"><\/span><strong>5. Import Substitution Reversals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Any reversal of the Steel Ministry&#8217;s safeguard duty or minimum import price regime \u2014 under WTO pressure or post-election policy change \u2014 would immediately compress domestic realisations by Rs 2,000\u20133,000\/tonne.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jindal_Steel_Power_Share_Price_and_Analyst_Ratings\"><\/span><strong>Jindal Steel &amp; Power Share Price and Analyst Ratings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Jindal Steel &amp; Power is trading at Rs 820 as of April 2026, against a 52-week high of Rs 1,060 and a 52-week low of Rs 720. The 1-year return of -12% reflects the macro headwinds of FY26 \u2014 US-India tariff uncertainty, FII outflows, and sector-specific pressures. Analyst consensus 12-month targets range from Rs 1,020 to Rs 1,050, implying potential recovery from current levels contingent on Q4 FY26 execution and FY27 guidance.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Brokerage<\/strong><\/td><td><strong>Rating<\/strong><\/td><td><strong>12M Target<\/strong><\/td><td><strong>Investment Thesis<\/strong><\/td><\/tr><tr><td>Emkay<\/td><td>Buy<\/td><td>Rs 1,050<\/td><td>Domestic infra demand; Q4 steel realization strong<\/td><\/tr><tr><td>Macquarie<\/td><td>Neutral<\/td><td>Rs 880<\/td><td>BF3 restart risk; coking coal pressure<\/td><\/tr><tr><td>MOFSL<\/td><td>Buy<\/td><td>Rs 1,020<\/td><td>EBITDA\/t recovery from Rs 7,800 Q3<\/td><\/tr><\/tbody><\/table><\/figure><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Univest iOS App<\/strong><\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Univest Android App<\/strong><\/a> to track Jindal Steel &amp; Power live price, charts, and receive real-time research alerts from SEBI-registered analysts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Jindal Steel &amp; Power Q4 FY26 results on May 2026 (Expected) will be a key earnings event for investors monitoring the Steel \/ Infrastructure sector. With analyst consensus projecting revenue of Rs 12,500\u201313,500 Cr and PAT of Rs 1,200\u20131,500 Cr, the stock at Rs 820 offers a risk-reward profile that depends on execution delivery and FY27 guidance credibility. FY27 guidance \u2014 revenue growth bands, margin targets, and capex plans \u2014 will be the single most important post-results catalyst. For more Q4 FY26 previews, visit&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\"><strong>Univest Blogs<\/strong><\/a>.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions. For more Q4 FY26 results previews, visit Univest Blogs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_Jindal_Steel_Power_Q4_results_2026_date\"><\/span><strong>Q: What is the Jindal Steel &amp; Power Q4 results 2026 date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Jindal Steel &amp; Power Q4 FY26 results date is May 2026 (Expected). The board of directors will meet to approve the audited Q4 FY26 financial results and consider a final dividend recommendation.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_Jindal_Steel_Power_Q4_FY26_PAT_estimate\"><\/span><strong>Q: What is the Jindal Steel &amp; Power Q4 FY26 PAT estimate?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analysts estimate Jindal Steel &amp; Power Q4 FY26 PAT in the range of Rs 1,200\u20131,500 Cr, based on revenue of Rs 12,500\u201313,500 Cr and margin of EBITDA\/t Rs 8,500\u20139,500. Actual results may differ from consensus estimates.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Jindal_Steel_Powers_share_price_ahead_of_Q4_results\"><\/span><strong>Q: What is Jindal Steel &amp; Power&#8217;s share price ahead of Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal Steel &amp; Power is trading at Rs 820 as of April 2026. The 52-week high is Rs 1,060 and the 52-week low is Rs 720. The 1-year return is -12% and market capitalisation is Rs 83,600 Cr.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Will_Jindal_Steel_Power_declare_a_dividend_in_Q4_FY26\"><\/span><strong>Q: Will Jindal Steel &amp; Power declare a dividend in Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal Steel &amp; Power is expected to consider Rs 5 per share at the Q4 FY26 board meeting. The quantum will be confirmed on the results date.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Which_analysts_have_a_Buy_rating_on_Jindal_Steel_Power\"><\/span><strong>Q: Which analysts have a Buy rating on Jindal Steel &amp; Power?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Emkay (target Rs 1,050), MOFSL (target Rs 1,020). Consult a SEBI-registered financial advisor before making any investment decision.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_were_Jindal_Steel_Power_Q3_FY26_results\"><\/span><strong>Q: What were Jindal Steel &amp; Power Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Jindal Steel &amp; Power reported Q3 FY26 revenue of Rs 11,834 Cr and PAT of Rs 841 Cr, with margin at EBITDA\/t Rs 7,800. These Q3 actuals form the sequential base against which Q4 FY26 estimates are benchmarked.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_When_do_Infosys_and_TCS_announce_Q4_results_2026\"><\/span><strong>Q: When do Infosys and TCS announce Q4 results 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS declared Q4 FY26 results on April 9, 2026 \u2014 reporting PAT of Rs 13,718 crore and revenue of Rs 70,698 crore. For the full TCS preview visit https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview. Infosys Q4 FY26 results are scheduled for April 23, 2026 \u2014 FY27 CC revenue guidance is the critical watch. Read the full analysis at https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Is_Jindal_Steel_Power_a_good_investment_ahead_of_Q4_results\"><\/span><strong>Q: Is Jindal Steel &amp; Power a good investment ahead of Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>This depends on your risk appetite, investment horizon, and portfolio context. Jindal Steel &amp; Power has both compelling factors \u2014 Domestic infra demand; Q4 steel realization strong \u2014 and genuine near-term risks including US tariff macro headwinds and FY27 guidance uncertainty. Analyst consensus targets range from Rs 1,020 to Rs 1,050. Consult a SEBI-registered financial advisor before investing.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/natural-capsules-q4-results-2026\">Natural Capsules Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-fertilizers-q4-results-2026\">National Fertilizers Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-aluminium-company-q4-results-2026\">National Aluminium Company Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/nath-bio-genes-india-q4-results-2026\">Nath Bio-Genes (India) Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/narmada-agrobase-q4-results-2026\">Narmada Agrobase Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Jindal Steel &amp; Power (NSE: JINDALSTEL) is preparing to announce its Q4 FY26 (January\u2013March 2026) financial results for the period ended March 31, 2026. With the stock trading at Rs 820 \u2014 against a 52-week high of Rs 1,060 and a 1-year return of -12% \u2014 the Q4 FY26 results will be a pivotal event<\/p>\n","protected":false},"author":27,"featured_media":73954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802,3862],"class_list":["post-73862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-q4-results-expectations"],"metadata":{"_edit_lock":["1776669827:27"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:63:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-1150.jpeg\";a:2:{s:2:\"id\";i:73944;s:11:\"source_type\";s:13:\"media-library\";}s:72:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-1150-1024x536.jpeg\";a:2:{s:2:\"id\";i:73944;s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150.jpeg\";a:2:{s:2:\"id\";i:73944;s:11:\"source_type\";s:13:\"media-library\";}s:104:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/20122114\/image-1150-1024x536.jpeg\";a:2:{s:2:\"id\";i:73944;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["76"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["Jindal Steel &amp; Power Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook"],"rank_math_description":["Jindal Steel &amp; Power (JINDALSTEL) Q4 FY26 results on May 2026 (Expected). Revenue estimate Rs 12,500\u201313,500 Cr, PAT estimate Rs 1,200\u20131,500 Cr. Analyst targets, key factors and FY27 guidance watch.\n"],"rank_math_focus_keyword":["Jindal Steel & 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