Jindal Stainless has announced robust financial results for the fiscal year ended March 31, 2026. The company achieved consolidated net revenue of INR 42,955 crore, marking a 9.3% Y-o-Y increase. Profit after tax (PAT) saw significant growth, rising 27.4% Y-o-Y to INR 3,185 crore. Driven by strong domestic demand, the company also reported a consolidated EBITDA of INR 5,560 crore, reflecting a year-on-year growth of 19.2%.
Annual Financial Performance
Jindal Stainless concluded FY26 with a strong performance across its operations. The company recorded finished goods sales volume of 25,65,902 tonnes, representing an 8.1% year-on-year growth. At the consolidated level, the company achieved a net revenue of INR 42,955 crore. Profitability also saw a notable boost, with PAT growing to INR 3,185 crore, a 27.4% increase compared to the previous financial year.
Q4 FY26 Highlights
During the January-March 2026 quarter, the company maintained momentum with a consolidated net revenue of INR 11,337 crore, up 11.2% Y-o-Y. Consolidated EBITDA rose sharply by 37.1% to INR 1,455 crore, while PAT for the quarter stood at INR 834 crore, up 41.4% Y-o-Y. The company also improved its financial health, reporting a net debt-to-equity ratio of ~0.15x.
Strategic Milestones and Developments
Key operational milestones included the commissioning of a 1.2 MTPA stainless steel melt shop in Indonesia, bringing total melting capacity to 4.2 MTPA. The company also focused on expanding its downstream capabilities with a INR 900 crore investment. Furthermore, Jindal Stainless strengthened its market presence by onboarding brand ambassador Ranveer Singh and expanding the Jindal Saathi loyalty program to over 11,700 retailers.
Sustainability and Future Outlook
Jindal Stainless continues its decarbonisation journey, announcing a 315.6 MW solar-wind hybrid power project. Renewable power utilization across its Jajpur and Hisar facilities has reached 46.8%, an 82% increase from FY25. Looking ahead, the company aims to achieve a sales volume of ~3.5 MTPA by FY29, while continuing to advocate for policy frameworks to support the domestic industry against substandard imports.
Dividend Recommendation
The Board of Directors has recommended a final dividend payment of INR 3 per share for FY26, subject to shareholder approval. This brings the total dividend payment to INR 4, representing 200% per equity share with a face value of INR 2.
Source: BSE
