The impact is most visible in profitability. After EBITDA per tonne fell to 10,027 in Q2FY26, down 12.7% year-on-year and 36% sequentially, Nuvama Research expects a further decline in the December quarter (Q3FY26), to about 8,200. EBITDA is short for earnings before interest, taxes, depreciation, and amortization.
Jindal Steel’s capacity push is in place. Volume growth needs to follow now
