Jindal Stainless delivered a strong performance in the first quarter of FY26, reporting a consolidated net profit of Rs 715 crore, up 10.6% from Rs 647 crore in Q1 FY25. Consolidated revenue stood at Rs 10,207 crore, with EBITDA growing 8.1% YoY to Rs 1,310 crore.
The performance was supported by improved sales volumes, robust domestic demand from sectors like automotive, infrastructure, and metro, and sustained operational efficiencies. Net debt declined to Rs 3,869 crore, maintaining a low net debt-to-equity ratio of 0.2x.
Sales volume during the quarter was 6.26 lakh tonnes, up 8.3% YoY. Domestic sales accounted for 91% of the volume, while exports contributed 9%.
Consolidated performance snapshot:
| Particulars | Q1 FY26 | Q4 FY25 | Change (Q-o-Q) | Q1 FY25 | Change (Y-o-Y) |
|---|---|---|---|---|---|
| Net Revenue | 10,207 | 10,198 | 0.1% | 9,430 | 8.2% |
| EBITDA | 1,310 | 1,061 | 23.5% | 1,212 | 8.1% |
| PAT | 715 | 590 | 21.1% | 646 | 10.6% |
The company marked key milestones with stainless steel supply to Indore Metro, strategic defence orders, and commercial dispatches to BHEL. Its Gurugram office received LEED Platinum certification, and over 3,000 fabricators were trained under the Stainless Academy.
Managing Director Abhyuday Jindal highlighted the company’s focus on innovation, digital manufacturing through Project Pragati, and reiterated the call for a national stainless steel policy to further strengthen the industry.
Commenting on the performance of the company, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, “Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency. We are advancing our presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings. Our initiatives like co-branding programmes and loyalty schemes are redefining customer engagement and operational agility. As stainless steel gains recognition as the material of choice for nation-building, the need for a dedicated national stainless steel policy becomes increasingly imperative.”
