Jindal Stainless reports a robust performance in Q2 & H1 FY26, driven by strong domestic demand. Sales volume increased to 648,000 MT in Q2 and 1,274,000 MT in H1. Consolidated EBITDA reached ₹1,388 crore for Q2 and ₹2,698 crore for H1. The company remains optimistic, supported by infrastructure growth and festive season demand. The railways and automobile sectors were key contributors.
Financial Performance Highlights
Jindal Stainless Limited announced its financial results for Q2 and H1 FY26, showcasing strong growth. Key highlights include:
Sales Volume Growth
Sales volume for Q2 FY26 reached 648,000 MT, a 3% increase compared to the previous quarter (QoQ) and a 15% increase year-over-year (YoY). For H1 FY26, the sales volume totaled 1,274,000 MT, reflecting a 12% YoY growth.
Revenue and EBITDA
On a consolidated basis, Net Revenue for Q2 FY26 was ₹10,893 crore, a 7% increase QoQ and 11% YoY. EBITDA for Q2 FY26 reached ₹1,388 crore, a 6% increase QoQ and 17% YoY. For H1 FY26, Net Revenue stood at ₹21,100 crore, and EBITDA was ₹2,698 crore.
Profit After Tax (PAT)
Consolidated Profit After Tax (PAT) for Q2 FY26 was ₹808 crore, reflecting a substantial increase. H1 FY26 PAT reached ₹1,523 crore.
Standalone Performance
On a standalone basis, revenue from operations for Q2 FY26 was ₹10,881 crore, a 12% increase YoY. EBITDA reached ₹1,060 crore, and PAT stood at ₹644 crore.
Debt and Key Ratios
The company’s net debt to equity ratio remains well-managed. Long term debt ratings are AA /Stable, with short term debt ratings at A1+.
Market Outlook and Key Drivers
The company witnessed strong demand from various sectors, including:
- Railways: Increased demand for coaches, driven by projects like Vande Bharat sleeper trainsets.
- Automobiles: Strong demand continued, supported by festive season and special grade requirements.
- Infrastructure: Rising usage of stainless steel in flyovers, ROBs, and FOBs.
- Pipes & Tubes: Positive demand driven by increased construction activities.
Source: BSE
