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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
40 announcements match the current filters (relevance ≥ 5).
CARE Upgrades Long-Term Credit Rating to 'AA+; Stable' for Jindal Steel and Odisha Subsidiary
CARE Ratings has upgraded the credit rating for Jindal Steel Limited's long-term bank facilities and proposed Non-Convertible Debentures (NCDs) from 'CARE AA; Stable' to 'CARE AA+; Stable'. This upgrade also extends to its wholly-owned subsidiary, Jindal Steel Odisha Limited, reflecting improved creditworthiness. The company's short-term ratings have been reaffirmed at the highest level of 'CARE A1+'. This rating action is supported by a strong balance sheet with a low Debt-to-Equity ratio of 0.16 and a net worth of Rs 53,130 Cr.
Confidence: HIGH
What changedCARE Ratings has officially moved Jindal Steel's credit profile up by one notch from AA to AA+, signaling reduced default risk.
Why it mattersA higher credit rating typically leads to lower interest rates on new debt and NCDs, reducing the cost of capital for the company's ongoing multi-billion rupee expansions.
New Long-Term Rating: CARE AA+; StablePrevious Long-Term Rating: CARE AA; StableDebt-to-Equity Ratio: 0.16Total Debt: Rs 8,436 CrNet Worth: Rs 53,130 Cr
📅 Short termThe upgrade is likely to be viewed positively by the market as it validates the company's financial discipline and operational resilience despite global steel price volatility.
📈 Long termThe AA+ rating provides a strong foundation for the company to fund its long-term growth strategy, including the transition to value-added flat products and infrastructure-focused specialty rails.
⚠ Risk flags
- Cyclicality of steel prices
- Impact of cheaper international imports on margins
- Execution risk of large-scale capacity expansion at Angul
Key Highlights
Long-term bank facilities rating upgraded from 'CARE AA; Stable' to 'CARE AA+; Stable'
Proposed Non-Convertible Debenture (NCD) issue rating upgraded to 'CARE AA+; Stable'
Wholly owned subsidiary Jindal Steel Odisha Limited also upgraded to 'CARE AA+; Stable'
Short-term bank facilities reaffirmed at 'CARE A1+'
Company maintains a low Debt-to-Equity ratio of 0.16 on a total debt of Rs 8,436 Cr
👀 What to Watch
Investors should monitor the company's interest coverage ratio in upcoming quarterly results to see the benefit of potentially lower borrowing costs and track the execution of the Angul expansion project.
Jindal Steel Shareholders Approve Appointment of Debojyoti Roy and Re-appointment of Damodar Mittal
Jindal Steel Limited has announced the successful passage of three ordinary resolutions via postal ballot conducted through remote e-voting which concluded on June 18, 2026. Shareholders approved the appointment of Mr. Debojyoti Roy as both a Director and a Whole-time Director of the company. Additionally, the re-appointment of Mr. Damodar Mittal as a Whole-time Director was confirmed with the requisite majority. These appointments are intended to maintain leadership stability and support the company's strategic execution.
Key Highlights
Shareholders approved the appointment of Mr. Debojyoti Roy (DIN: 08285494) as a Director of the company.
Mr. Debojyoti Roy was also confirmed as a Whole-time Director through an ordinary resolution.
Mr. Damodar Mittal (DIN: 00171650) secured shareholder approval for his re-appointment as a Whole-time Director.
The voting process concluded on June 18, 2026, with the Scrutinizer's report submitted on June 19, 2026.
All resolutions were passed with the requisite majority as per the SEBI Listing Regulations.
👀 What to Watch
Investors should note these appointments as a sign of management continuity and governance compliance; no immediate action is required as these are routine leadership updates.
STEL Holdings FY26 Net Profit Rises 25% to ₹19.86 Cr; Q4 Revenue Declines Sharply
STEL Holdings reported a standalone net profit of ₹19.86 crore for the full year ended March 31, 2026, compared to ₹15.88 crore in the previous year. However, Q4 FY26 performance was significantly weaker, with revenue falling to ₹25.74 lakhs from ₹13.44 crore in Q4 FY25. The company's Other Comprehensive Income (OCI) took a major hit, recording a loss of ₹163.51 crore for the year, reflecting a decline in the market value of its investment portfolio. Total assets also decreased by approximately 10.4% year-on-year to ₹1,713.29 crore.
Key Highlights
Annual standalone net profit increased by 25.1% to ₹1,986.44 lakhs in FY26.
Q4 FY26 standalone revenue plummeted to ₹25.74 lakhs from ₹1,343.89 lakhs in the year-ago period.
Recorded a massive Other Comprehensive Loss of ₹16,351.16 lakhs for FY26, compared to a gain of ₹23,354.27 lakhs in FY25.
Total assets stood at ₹1,71,328.82 lakhs as of March 31, 2026, down from ₹1,91,261.74 lakhs in March 2025.
The Board approved amendments to the Whistle Blower Policy (Vigil Mechanism).
👀 What to Watch
As a holding company, STEL's value is tied to its investment portfolio; investors should monitor the specific stocks held by STEL as the large OCI loss indicates a decline in their market value. The sharp drop in Q4 revenue warrants caution and further investigation into the timing of dividend receipts from its holdings.
Jindal Steel Proposes Appointment of Debojyoti Roy as Wholetime Director with ₹2.23 Cr+ Pay Package
Jindal Steel Limited has initiated a postal ballot to seek shareholder approval for the appointment of Mr. Debojyoti Roy as a Wholetime Director for a three-year term. The proposed compensation package includes a fixed component of approximately ₹1.33 crore and a performance-linked variable pay of ₹90 lakh per annum. Additionally, a long-term incentive of ₹90 lakh is structured over a four-year vesting period to ensure management retention. Shareholders can cast their votes electronically via the CDSL platform between May 20 and June 18, 2026.
Key Highlights
Proposed 3-year term for Mr. Debojyoti Roy as Wholetime Director effective from March 27, 2026.
Annual remuneration includes ₹56 lakh basic salary and ₹77.28 lakh flexible compensation.
Target variable pay of ₹90 lakh is tied to a 'Cash Score' metric based on EBITDA and working capital changes.
Long-term incentive of ₹90 lakh with a 25% annual payout over four years.
E-voting period for shareholders is scheduled from May 20, 2026, to June 18, 2026.
👀 What to Watch
This is a routine management formalization; investors should monitor the voting results to ensure leadership stability and note the performance-linked pay structure which aligns executive incentives with cash flow.
Jindal Steel FY26 PAT Rises 18% to ₹3,361 Cr; Capacity Expands to 15.6 MTPA
Jindal Steel reported a strong FY26 with PAT growing 18% YoY to ₹3,361 crores, driven by a significant capacity expansion from 9.6 MTPA to 15.6 MTPA. Annual revenue increased 8% to ₹62,412 crores, while Q4 revenue surged 28% sequentially to ₹19,399 crores on higher volumes and realizations. Despite a one-time consolidated impairment of ₹834 crores on Australian assets, the company maintained a healthy net debt to EBITDA ratio of 1.66x. Management has guided for higher sales of 10.5-11 million tonnes in FY27 as new capacities at Angul ramp up.
Key Highlights
Steelmaking capacity increased by 62.5% to 15.6 MTPA following the Angul expansion completion
FY26 production grew 14% YoY to 9.25 MT, while sales volume increased 9% to 8.68 MT
Consolidated adjusted EBITDA for FY26 stood at ₹9,099 crores with an EBITDA per tonne of ₹10,482
Recognized a consolidated impairment of ₹834 crores due to the closure of shafts at Australian assets
FY27 guidance targets production of 11-11.5 MT and sales of 10.5-11 MT
👀 What to Watch
Investors should monitor the volume ramp-up from the newly commissioned 6 MTPA Angul capacity and the impact of rising coking coal costs in Q1FY27. The significant capacity addition positions the company well for India's infrastructure-led steel demand growth.
Jindal Steel FY26 PAT at ₹3,361 Cr; Angul Expansion Completed to 12 MTPA
Jindal Steel reported a resilient FY26 with a PAT of ₹3,361 crore and gross revenue of ₹62,412 crore, meeting its production guidance of 9.25 MT. The company successfully completed its Angul plant expansion, doubling capacity to 12 MTPA, which positions it for significant volume growth in FY27. Q4FY26 saw a strong recovery with Adjusted EBITDA rising 66% QoQ to ₹2,647 crore, driven by improved steel prices and higher sales volumes. The Board has recommended a final dividend of ₹2 per share while maintaining a healthy net debt/EBITDA ratio of 1.66x.
Key Highlights
FY26 production reached 9.25 MT and sales hit 8.68 MT, meeting annual guidance despite market volatility.
Q4FY26 Adjusted EBITDA surged 66% QoQ to ₹2,647 Cr with EBITDA/Tonne improving to ₹10,093.
Angul expansion to 12 MTPA is complete, taking total steelmaking capacity to 15.6 MTPA.
FY27 guidance set at 11.0-11.5 MT for production and 10.5-11.0 MT for sales.
Net Debt stood at ₹16,019 Cr as of March 2026, with a manageable Debt/Equity ratio of 0.43x.
👀 What to Watch
Investors should view the completion of the Angul expansion as a major catalyst for volume-led growth in FY27. The strong Q4 recovery and raw material security make it a solid pick in the metal space, though global steel price volatility remains a key monitorable.
Jindal Steel Recommends Rs 2 Dividend; FY26 Production Hits Record 9.25 MT
Jindal Steel reported a robust performance for FY26, achieving record annual production of 9.25 MT and sales of 8.68 MT. The company recommended a final dividend of Rs 2 per share (200%) and successfully expanded its crude steel capacity to 15.6 MTPA. Q4FY26 showed a strong recovery with Adjusted EBITDA surging 66% QoQ to INR 2,647 Cr and PAT reaching INR 1,041 Cr. Despite heavy capex, the company maintained a stable leverage profile with a Net Debt/EBITDA ratio of 1.66x.
Key Highlights
Recommended a final dividend of Rs 2 per equity share (200% of face value) for FY26.
Achieved record annual steel production of 9.25 MT (+14% YoY) and sales of 8.68 MT (+9% YoY).
Crude steel capacity reached 15.6 MTPA following the commissioning of key facilities like BOF3.
Q4FY26 Adjusted EBITDA grew 66% QoQ to INR 2,647 Cr, with a PAT of INR 1,041 Cr.
Consolidated Net Debt stood at INR 16,019 Cr with a healthy Net Debt/EBITDA ratio of 1.66x.
👀 What to Watch
Investors should focus on the successful capacity expansion to 15.6 MTPA as a primary growth catalyst for FY27. The strong QoQ recovery in margins and controlled leverage make it a positive outlook, though global steel price volatility remains a key monitorable.
Jindal Steel Q4 PAT at ₹1,041 Cr; FY26 Production Hits Record 9.25 MT; ₹2 Dividend Declared
Jindal Steel reported its highest-ever annual production of 9.25 MT (+14% YoY) and sales of 8.68 MT for FY26. The company reached a major milestone by increasing crude steel capacity to 15.6 MTPA through the commissioning of several key facilities including a 4.6 MTPA blast furnace. Q4FY26 performance was particularly strong with adjusted EBITDA rising 66% QoQ to ₹2,647 Cr and PAT reaching ₹1,041 Cr. The board has recommended a final dividend of ₹2 per share, reflecting confidence in the company's expanded operational scale and improved leverage ratios.
Key Highlights
FY26 Consolidated Gross Revenue stood at ₹62,412 Cr, up 8% YoY, with record annual sales of 8.68 MT.
Q4FY26 Adjusted EBITDA surged 66% QoQ to ₹2,647 Cr, driven by a 15% sequential increase in sales volume.
Crude steel capacity expanded to 15.6 MTPA following the commissioning of the 4.6 MTPA Bhagavati Subhadrika blast furnace and BOF3.
Consolidated Net Debt/EBITDA improved to 1.66x as of March 31, 2026, compared to 1.72x in the previous quarter.
Board recommended a final dividend of 200% (₹2 per share) for the financial year 2025-26.
👀 What to Watch
The completion of major capacity expansion to 15.6 MTPA positions the company for significant volume-led growth in the coming fiscal year. Investors should monitor the ramp-up of new facilities and iron ore security from the newly won Thakurani – A1 block.
Jindal Steel Q4 FY26 PAT Jumps to ₹1,041 Cr; Recommends ₹2 Dividend as Capacity Hits 15.6 MTPA
Jindal Steel reported a strong recovery in Q4 FY26 with consolidated PAT reaching ₹1,041 crore, supported by a 66% QoQ surge in Adjusted EBITDA to ₹2,647 crore. For the full year FY26, the company achieved record production of 9.25 MT (+14% YoY) and gross revenue of ₹62,412 crore (+8% YoY). A key milestone was the expansion of crude steel capacity to 15.6 MTPA following the commissioning of the 4.6 MTPA Bhagavati Subhadrika blast furnace and new BOF units. The board has recommended a final dividend of ₹2 per share (200%).
Key Highlights
FY26 production reached an all-time high of 9.25 MT (+14% YoY) with sales at 8.68 MT (+9% YoY).
Q4 FY26 Adjusted EBITDA rose 66% QoQ to ₹2,647 crore, reflecting strong operational recovery.
Crude steel capacity expanded to 15.6 MTPA with the commissioning of BOF3 and a 4.6 MTPA blast furnace.
Consolidated Net Debt stood at ₹16,019 crore with a healthy Net Debt/EBITDA ratio of 1.66x.
Board recommended a final dividend of ₹2 per share for FY26, subject to shareholder approval.
👀 What to Watch
Investors should focus on the significant capacity ramp-up to 15.6 MTPA which positions the company for volume-led growth in FY27. The strong Q4 performance and manageable leverage (1.66x Net Debt/EBITDA) make it a robust play in the metal sector.
Jindal Steel Appoints Ex-Tata Steel Strategy Head Debojyoti Roy as Wholetime Director
Jindal Steel Limited has announced a significant leadership update with the appointment of Mr. Debojyoti Roy as a Wholetime Director for a three-year term. Mr. Roy brings 27 years of experience, notably serving as the Chief of Corporate Strategy at Tata Steel. Additionally, the company re-appointed Mr. Damodar Mittal, a 37-year veteran of the firm, as Wholetime Director for another three years. These moves coincide with the departure of Mr. Sabyasachi Bandyopadhyay, who completed his tenure on March 27, 2026.
Key Highlights
Mr. Debojyoti Roy appointed as Wholetime Director for 3 years, bringing 27 years of experience from Tata Steel.
Mr. Damodar Mittal re-appointed as Wholetime Director for a 3-year term starting March 28, 2026.
Mr. Sabyasachi Bandyopadhyay ceased to be a Wholetime Director effective March 27, 2026, upon completion of his tenure.
New appointee Mr. Roy has specific expertise in M&A, business transformation, and enterprise-wide strategic planning.
Mr. Mittal continues to lead critical iron zone operations and large-scale projects at the Angul facility.
👀 What to Watch
Investors should view the addition of a high-level strategy and M&A expert from a major competitor as a positive move for long-term growth planning. No immediate portfolio changes are necessary, but the leadership's focus on expansion and operational excellence remains strong.
Jindal Steel Doubles Angul Capacity to 12 MTPA; Total Capacity Reaches 15.6 MTPA
Jindal Steel has successfully commissioned its third Basic Oxygen Furnace (BOF-3) at the Angul Integrated Steel Complex, doubling the site's capacity from 6 MTPA to 12 MTPA. This milestone increases the company's total crude steel capacity to 15.6 MTPA across all facilities. The expansion includes integrated infrastructure like coke ovens and a CRM complex, which is expected to drive higher volumes and operational leverage. This completion aligns with the company's planned timeframe and positions the Angul plant as one of India's largest single-location steel complexes.
Key Highlights
Commissioned 3 MTPA BOF-3, doubling Angul's capacity from 6 MTPA to 12 MTPA.
Total group crude steel capacity increased to 15.6 MTPA, including 3.6 MTPA at Raigarh facility.
Expansion includes fully operationalised upstream and downstream facilities like coke ovens and a CRM complex.
Project completed within the planned timeframe, ensuring immediate potential for capacity ramp-up.
The 12 MTPA Angul site is now among India's largest single-location integrated steel complexes.
👀 What to Watch
This expansion is a major growth catalyst that provides clear visibility for revenue growth and margin expansion through economies of scale. Investors should monitor the utilization levels and production ramp-up of the new capacity in upcoming quarterly reports.
STEL Holdings Acquires 3.5 Lakh Shares of Saregama India for Rs 12.45 Crore
STEL Holdings Limited has acquired 3,50,000 equity shares of Saregama India Limited through a market purchase on March 16, 2026. The total investment value is approximately Rs 12.45 crore, executed at an average price of Rs 355.70 per share. This acquisition represents a 0.18% stake in Saregama, a company where STEL is already part of the promoter group. The move reflects STEL's ongoing strategy as a Core Investment Company to manage and increase its holdings in group entities.
Key Highlights
Acquired 3,50,000 shares of Saregama India Limited via open market purchase
Total cost of acquisition is approximately Rs 12.44,94,818
Average acquisition price per share is Rs 355.70 including charges
The purchase represents a 0.18% stake in the target company
Saregama India reported a significant revenue growth to Rs 1,171.36 crore in FY 2024-25
👀 What to Watch
Investors should note the increase in promoter-group stake as a sign of confidence in Saregama's long-term growth. For STEL shareholders, this demonstrates active portfolio management within the group's core investment strategy.
Jindal Steel Wins Odisha Iron Ore Block with 38MT Resources at 111.15% Premium
Jindal Steel has been declared the preferred bidder for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Odisha. The block spans 84 hectares and contains estimated iron ore resources of 38 million tonnes. The company won the bid with a significant price offer of 111.15% premium to the state government. This move enhances the company's backward integration and raw material security for its integrated steel operations.
Key Highlights
Secured preferred bidder status for iron ore blocks in Keonjhar district, Odisha
Total estimated iron ore resources stand at approximately 38 million tonnes
Final price offer involves a 111.15% premium to the Government of Odisha
The block has been explored up to the G2 level, ensuring resource reliability
👀 What to Watch
This is a positive development for long-term raw material security; however, investors should monitor the impact of the high premium on future production margins.
Jindal Steel Wins Thakurani-A1 Iron Ore Block in Odisha with 101.20% Premium
Jindal Steel Limited has been declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Keonjhar, Odisha, following a competitive auction. The block spans 202 hectares and contains an estimated 50 million tonnes of iron ore resources. To secure this virgin block, the company has committed to paying a 101.20% premium to the Government of Odisha. This acquisition is a strategic move to strengthen the company's mine-to-metal integration and ensure long-term raw material security.
Key Highlights
Declared preferred bidder for the 202-hectare Thakurani-A1 Iron Ore Block in Keonjhar, Odisha.
Estimated iron ore resources of approximately 50 million tonnes based on G3-level exploration.
Committed to a high premium of 101.20% to the Odisha Government to secure the mining rights.
The block was part of the 12 virgin mineral blocks auctioned by the Odisha Directorate of Mines and Geology.
👀 What to Watch
Investors should view this as a positive development for long-term margin stability through backward integration. However, monitor the impact of the 101.20% premium on the overall cost of production once mining operations commence.
Jindal Steel Q3FY26: Production Up 25% to 2.51MT, EBITDA at ₹1,593 Cr Amid Expansion
Jindal Steel reported a strong 25% QoQ growth in production to 2.51 million tons, driven by the ramp-up of Angul facilities. However, margins were compressed by a one-time ₹350 crore start-up cost and lower steel prices, resulting in an EBITDA per ton of ₹6,981. Net debt rose to ₹15,443 crores due to heavy CAPEX, but management expects deleveraging as new capacities stabilize. Looking ahead, Q4FY26 is expected to see price recoveries of ₹3,000-₹3,500 per ton despite rising coal costs.
Key Highlights
Production rose 25% QoQ to 2.51 million tons; sales volume increased 22% to 2.28 million tons.
Adjusted EBITDA of ₹1,593 crores includes a ₹350 crore non-recurring expense for BF2 start-up.
Net debt increased to ₹15,443 crores (1.72x Net Debt/EBITDA) following ₹2,076 crore quarterly CAPEX.
Management guided for a coking coal cost increase of $18-$20 per ton in Q4FY26.
Commissioned 1,050 MW power plant modules and 0.2 MTPA CCL1 to enhance margins.
👀 What to Watch
Focus on the company's ability to pass on rising coal costs through the guided ₹3,000+ price hikes in Q4. Long-term value depends on the successful commissioning of the 3 MTPA BOF3 at Angul by Q4FY26.
Jindal Steel Q3FY26: Record Production & Sales but PAT Drops 70% QoQ to INR 189 Cr
Jindal Steel reported record quarterly production of 2.51 MT (+25% QoQ) and sales of 2.28 MT (+22% QoQ) for Q3FY26. Despite a 12% QoQ increase in gross revenue to INR 15,172 Cr, adjusted EBITDA fell 15% to INR 1,593 Cr and PAT dropped sharply to INR 189 Cr. Net debt increased to INR 15,443 Cr with a Net Debt/EBITDA ratio rising to 1.72x. On the operational front, the company successfully commissioned 1,050 MW of power capacity and remains on track for its 3 MTPA steel expansion in Q4FY26.
Key Highlights
Highest ever quarterly steel production of 2.51 MT (+25% QoQ) and sales of 2.28 MT (+22% QoQ)
Consolidated Gross Revenue rose 12% QoQ to INR 15,172 Cr, but PAT fell to INR 189 Cr from INR 635 Cr in Q2
Adjusted EBITDA margin compression seen with EBITDA at INR 1,593 Cr, down 15% sequentially
Consolidated Net Debt increased by INR 1,287 Cr to INR 15,443 Cr; Net Debt/EBITDA rose to 1.72x
Successfully operationalized 1,050 MW power plant and remains on track for 3 MTPA Angul expansion in Q4FY26
👀 What to Watch
Investors should monitor the commissioning of the 3 MTPA Angul expansion in Q4FY26 as it is critical for future volume growth. The sharp drop in profitability despite record volumes suggests significant margin pressure that needs to be evaluated against industry-wide input costs.
STEL Holdings Q3 Net Profit Jumps to ₹12.58 Cr; New Company Secretary Appointed
STEL Holdings reported a massive surge in standalone net profit to ₹12.58 crore for Q3 FY26, compared to just ₹0.09 crore in the same quarter last year. Total income for the quarter rose significantly to ₹17.20 crore, driven by its operations as a Core Investment Company. For the nine-month period ending December 2025, the company recorded a net profit of ₹25.36 crore against ₹5.90 crore in the previous year. The board also approved the appointment of Ms. Sruthi Sindhu as the new Company Secretary effective March 1, 2026, following the resignation of Ms. Lakshmi P.S.
Key Highlights
Standalone Net Profit surged to ₹1,257.75 Lacs in Q3 FY26 from ₹9.32 Lacs in Q3 FY25.
Total Income for the quarter increased to ₹1,720.18 Lacs compared to ₹30.43 Lacs YoY.
Nine-month (9M FY26) EPS improved significantly to ₹13.74 from ₹3.20 in the prior year.
Ms. Sruthi Sindhu (ACS: 79555) appointed as CS and Compliance Officer effective March 01, 2026.
Negative Other Comprehensive Income of ₹3,445.61 Lacs in Q3 reflects volatility in investment valuations.
👀 What to Watch
The sharp increase in profit is positive, but investors should note that as an investment company, STEL's earnings are highly dependent on dividend cycles and market valuations. Monitor the total comprehensive income which remains volatile due to mark-to-market adjustments on investments.
STEL Holdings Q3 Net Profit Surges to ₹12.58 Cr; Revenue Jumps to ₹16.94 Cr
STEL Holdings reported a massive year-on-year growth in its Q3 FY26 standalone net profit, which rose to ₹1,257.75 Lacs from just ₹9.32 Lacs in the same quarter last year. Revenue from operations saw a significant spike to ₹1,693.78 Lacs, likely driven by dividend or interest income as a Core Investment Company. The company also announced a management change, with Ms. Sruthi Sindhu appointed as the new Company Secretary effective March 1, 2026. While operational profit is strong, Total Comprehensive Income for the quarter was negative at ₹2,187.86 Lacs due to fair value adjustments in its investment portfolio.
Key Highlights
Standalone Net Profit surged to ₹1,257.75 Lacs in Q3 FY26 compared to ₹9.32 Lacs in Q3 FY25.
Revenue from operations increased significantly to ₹1,693.78 Lacs from ₹30.43 Lacs in the corresponding quarter last year.
Basic and Diluted EPS for the quarter stood at ₹6.82, a massive jump from ₹0.05 YoY.
Nine-month net profit for the period ended Dec 31, 2025, reached ₹2,536.01 Lacs versus ₹589.97 Lacs YoY.
Management transition: Ms. Sruthi Sindhu appointed as CS & Compliance Officer following the resignation of Ms. Lakshmi P.S.
👀 What to Watch
Investors should focus on the core profitability and dividend income which drove the surge, while noting that the Total Comprehensive Income remains volatile due to investment valuation fluctuations. The stock remains a play on the underlying portfolio value of this holding company.
STEL Holdings Q3 Net Profit Surges to ₹12.58 Cr; Revenue Up Significantly YoY
STEL Holdings reported a massive jump in net profit to ₹1,257.75 Lacs for Q3 FY26, compared to just ₹9.32 Lacs in the same quarter last year. Revenue from operations grew to ₹1,693.78 Lacs from ₹30.43 Lacs YoY, reflecting strong performance as a Core Investment Company. While operational profit is robust, the company recorded a Total Comprehensive Loss of ₹2,187.86 Lacs due to negative fair value adjustments in its investment portfolio. The board also approved the appointment of Ms. Sruthi Sindhu as the new Company Secretary effective March 2026.
Key Highlights
Net Profit for Q3 FY26 stood at ₹1,257.75 Lacs, a massive increase from ₹9.32 Lacs in Q3 FY25.
Revenue from operations jumped to ₹1,693.78 Lacs from ₹30.43 Lacs in the year-ago period.
9-month Net Profit reached ₹2,536.01 Lacs, significantly higher than ₹589.97 Lacs in the previous year.
Other Comprehensive Income saw a negative impact of ₹4,047.34 Lacs, leading to a total comprehensive loss for the quarter.
Management transition announced with Ms. Sruthi Sindhu taking over as Company Secretary from March 1, 2026.
👀 What to Watch
The strong operational profit growth is a positive indicator for potential dividends, though investors should be aware that the bottom line is highly sensitive to market fluctuations in the company's investment portfolio. Monitor the underlying holdings to understand the volatility in Other Comprehensive Income.
Jindal Steel to Double Raigarh Structural Steel Capacity to 2.4 MTPA by 2028
Jindal Steel has announced a significant expansion at its Raigarh facility to double its structural steel capacity from 1.2 MTPA to 2.4 MTPA by mid-2028. This expansion focuses on heavy and ultra-heavy sections, enabling the production of India's largest parallel flange sections with depths up to 1,100 mm. The move is strategically aimed at capturing demand from high-growth sectors like infrastructure, energy, and high-rise construction. By increasing domestic supply, the company intends to reduce import reliance and solidify its leadership in the structural steel segment.
Key Highlights
Doubling structural steel capacity from 1.2 MTPA to 2.4 MTPA at the Raigarh facility by mid-2028.
Enhanced capability to manufacture sections up to 1,100 mm depth and 1,500 kg per metre, exceeding current 900 mm limits.
Strategic focus on reducing India's dependence on imported heavy structural steel sections for large-scale projects.
Expansion supports high-demand sectors including refineries, renewable energy, and next-generation infrastructure.
👀 What to Watch
Investors should view this as a positive long-term growth catalyst that enhances the company's product mix and market share in specialized steel. Monitor upcoming quarterly updates for specific capital expenditure requirements and project execution milestones.
