Jindal Steel Shares Plunge 5.22% Amid Market Volatility

Market Performance

Shares of Jindal Steel witnessed a significant decline today, falling by 5.22% intraday to Rs 851.25. The stock later recovered a portion of the losses but remains one of the top losers in the NIFTY NEXT 50 index during today's session. This price movement signals a shift in investor sentiment, particularly as Jindal Steel's inclusion in the index makes it a key player to watch in the broader market.

Key Performance Highlights

• Jindal Steel stock drop: -5.22%
• Intraday low: Rs 851.25
• NIFTY NEXT 50: Among the day's top losers

Main News

The sharp drop in Jindal Steel's stock price reflects broader shifts in market dynamics. Investors are reacting to internal and external factors influencing the steel sector, particularly commodity price fluctuations and global demand. This movement is especially significant given Jindal Steel's role in the NIFTY NEXT 50, which is considered a key benchmark for the broader market.

Company Details

Financial Performance Snapshot

Here's a breakdown of Jindal Steel's financial performance over recent quarters, offering more context to the stock's movement:

• Revenue Trend:
  • Mar 2024: Rs 13,486.96 Cr
  • Jun 2024: Rs 13,617.84 Cr
  • Sep 2024: Rs 11,213.31 Cr
  • Dec 2024: Rs 11,750.67 Cr
  • Mar 2025: Rs 13,183.13 Cr
• Net Profit Figures:
  • Mar 2024: Rs 933.26 Cr
  • Jun 2024: Rs 1,337.92 Cr
  • Sep 2024: Rs 860.47 Cr
  • Dec 2024: Rs 950.80 Cr
  • Mar 2025: Rs -294.44 Cr (Loss)
• Earnings Per Share (EPS):
  • Mar 2024: Rs 9.34
  • Jun 2024: Rs 13.31
  • Sep 2024: Rs 8.49
  • Dec 2024: Rs 9.39
  • Mar 2025: Rs -3.35 (Loss)

Annual Financial Data:

The company's financial performance over the past years reflects fluctuations in revenue and profits. 2024 showed some recovery in revenue after a dip in 2023. However, the 2025 fiscal year showed a net loss, adding pressure to the stock's performance.

• 2021:
  • Revenue: Rs 38,988.63 Cr
  • Net Profit: Rs 5,526.93 Cr
  • EPS: Rs 35.63
• 2022:
  • Revenue: Rs 51,085.56 Cr
  • Net Profit: Rs 8,248.54 Cr
  • EPS: Rs 56.40
• 2023:
  • Revenue: Rs 52,711.18 Cr
  • Net Profit: Rs 3,193.36 Cr
  • EPS: Rs 31.54
• 2024:
  • Revenue: Rs 50,026.76 Cr
  • Net Profit: Rs 5,943.42 Cr
  • EPS: Rs 59.15
• 2025:
  • Revenue: Rs 49,764.97 Cr
  • Net Profit: Rs 2,854.75 Cr
  • EPS: N/A

Additional Financial Metrics

• BVPS (Book Value per Share): Increased from Rs 307.46 in 2020 to Rs 446.44 in 2024.
• ROE (Return on Equity): Fluctuated, peaking at 16.14 in 2022 and dropping to 13.40 in 2024.
• Debt to Equity Ratio: Stable at 0.36 in 2024.

Summary of the Article

The performance of Jindal Steel in today's trading session highlights a key moment for investors tracking the company's movement within the NIFTY NEXT 50 index. The 5.22% drop in its stock price is notable given the company's fluctuating financial results in recent quarters, including a net loss in Mar 2025. Despite this, Jindal Steel has maintained a stable debt-to-equity ratio, and its book value continues to grow. Investors will closely monitor how the company handles these challenges in the future.