New Delhi, Aug. 18 -- Jindal Steel Ltd (formerly Jindal Steel & Power Ltd) reported a 6% year-on-year rise in consolidated Ebitda to Rs.3,000 crore for the June quarter (Q1FY26), even as volumes dropped 9%. The figure is adjusted for foreign exchange variation. Ebitda per tonne rose 16% to Rs.15,680, aided by a sharp fall in raw material costs.

Lower volumes dragged revenue down 10% to Rs.12,300 crore. Average realizations increased 4.5% sequentially to Rs.64,700 per tonne, but slipped 0.7% from a year earlier. Steel prices had firmed after the safeguard duty was imposed in April, but have since softened with the early arrival of the monsoon, falling 5-7% in Q2. Still, the impact on profits could be limited, as weaker realizations are ex...