Jindal Stainless announced its financial results for the quarter ended September 30, 2026, reporting a resilient performance. Net revenue rose by 18.2% year-on-year to ₹12,874 crore. EBITDA increased by 3.2% to ₹1,433 crore, and Profit After Tax (PAT) grew by 11.1% to ₹898 crore. The company also saw improved sales volumes and diversified its export markets.
Jindal Stainless Reports Strong Q2 FY27 Financials
Jindal Stainless Limited (JSL) has declared its financial results for the second quarter (Q2) and half year ended September 30, 2026. The company demonstrated a robust operating and financial performance, achieving a net revenue of ₹12,874 crore for Q2 FY27, an increase of 18.2% compared to the same period last year.
Key Financial Highlights
Consolidated performance highlights for Q2 FY27 include:
- Net revenue: ₹12,874 crore (up 18.2% Y-o-Y)
- EBITDA: ₹1,433 crore (up 3.2% Y-o-Y)
- Profit After Tax (PAT): ₹898 crore (up 11.1% Y-o-Y)
- Finished goods sales volume: 6,64,378 tonnes (up 2.5% Y-o-Y)
- Net debt: ₹3,121 crore
- Net debt-to-equity ratio: 0.15x
Market Performance and Strategy
The company reported a resilient recovery following operational disruptions in Q1 FY27, with a 14.4% increase in overall sales volumes and a 14.1% growth in net revenue on a quarter-on-quarter basis. Demand was supported by value-added products and momentum in automotive and pipe & tube segments. Jindal Stainless noted increased import pressure but focused on sustaining domestic sales and expanding into new export markets, particularly in South Korea, Colombia, South Africa, Brazil, and Japan.
Domestic vs. Export Sales Mix
The domestic market constituted 89% of total sales in Q2 FY27, a slight decrease from 91% in Q2 FY26, while exports grew to 11% from 9% in the previous year’s comparable quarter.
Other Developments
The Board also approved the amalgamation of four wholly-owned subsidiaries into Jindal Stainless Limited to simplify the Group structure and enhance operational efficiency. Key developments in R&D included a Technical Assistance Agreement with JFE Steel, Japan, and the supply of stainless steel for India’s first hydrogen-powered train. The company also reported a 12% reduction in GHG Emission Intensity.
Management Commentary
Managing Director, Mr. Abhyuday Jindal, commented, “We delivered growth in Q2, building on the recovery from the geopolitical crisis that impacted operations in Q1. Performance was underpinned by resilient domestic demand, supported by robust economic growth and improved sensitivity towards lifecycle costing approach.” He added that the company will continue expanding its market outreach and focusing on an improved product mix.
Source: BSE
