Jindal Stainless Limited (JSL) has announced its financial results for the quarter and financial year ended March 31, 2026, showcasing significant growth across various performance metrics. The company reported a consolidated net revenue of ₹42,955 crore for FY26, marking a year-on-year (Y-o-Y) increase of 9.3%. The EBITDA for the same period rose by 19.2% to ₹5,560 crore, while the profit after tax (PAT) surged by 27.4% to ₹3,185 crore.
In terms of standalone performance, Jindal Stainless achieved a finished goods sales volume of 25,65,902 tonnes, reflecting an 8.1% Y-o-Y growth. The standalone net revenue stood at ₹42,680 crore, up by 6.2% Y-o-Y, with an EBITDA of ₹4,322 crore, showing a 10.7% increase. The PAT for the standalone entity was ₹2,843 crore, up by 4.9% compared to the previous year.
For the fourth quarter of FY26, JSL’s standalone finished goods sales volume was 6,41,743 tonnes. The consolidated net revenue for the quarter was ₹11,337 crore, with an EBITDA of ₹1,455 crore, which represents a 37.1% Y-o-Y increase. The PAT for Q4FY26 was ₹834 crore, up by 41.4% Y-o-Y.
The Board of Directors has recommended a final dividend of ₹3 per share for FY26, subject to shareholder approval, bringing the total dividend to ₹4 per share, or 200% per equity share with a face value of ₹2 each. The company’s consolidated net debt-to-equity ratio improved to 0.15 from 0.24 in the previous year.
Jindal Stainless has also made strides in various strategic initiatives, including the commissioning of a 1.2 million tonnes per annum stainless steel melt shop in Indonesia, and the retail debut of ‘Jindal Infinity’ stainless steel rebars in Amritsar. The company has expanded its marketing efforts by partnering with Indian Railways and onboarding actor Ranveer Singh as a brand ambassador.
On the sustainability front, Jindal Stainless announced the partial commissioning of a 315.6 MW solar-wind hybrid power project, increasing the share of renewable power used across its facilities. The Hisar unit achieved Zero Waste to Landfill certification with a Platinum+ rating.
Managing Director Abhyuday Jindal commented on the company’s performance, highlighting the robust domestic demand and strategic execution that have driven growth. He emphasised the company’s focus on capacity enhancement and downstream expansion to achieve a sales volume of approximately 3.5 MTPA by FY29.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).