Jindal Stainless has released its earnings presentation for Q3 and 9M FY26. The company reported a YoY increase in sales volume, with domestic sales constituting 92% of the total. Consolidated net revenue saw an increase of 6% YoY for Q3 and 9% YoY for 9M. EBITDA and PAT also demonstrated positive YoY growth.
Sales Performance
Jindal Stainless reported a 11% YoY increase in sales volume for both Q3 and 9M FY26. Domestic sales accounted for 92% of the total, with exports making up the remaining 8%.
Consolidated Financial Highlights
Here’s an overview of the consolidated financial performance (all figures in INR crore):
- Net Revenue: ₹10,518 for Q3 FY26 (6% YoY), ₹31,617 for 9M FY26 (9% YoY)
- EBITDA: ₹1,408 for Q3 FY26 (17% YoY), ₹4,106 for 9M FY26 (14% YoY)
- PAT: ₹828 for Q3 FY26 (27% YoY), ₹2,350 for 9M FY26 (23% YoY)
Standalone Financial Highlights
A snapshot of the standalone financial performance (all figures in INR crore):
- Net Revenue: ₹10,632 for Q3 FY26 (6% YoY), ₹31,854 for 9M FY26 (8% YoY)
- EBITDA: ₹1,103 for Q3 FY26 (10% YoY), ₹3,211 for 9M FY26 (7% YoY)
- PAT: ₹666 for Q3 FY26 (8% YoY), ₹1,951 for 9M FY26 (9% YoY)
Debt and Key Ratios
As of December 2025, the company’s net debt/equity ratio was 0.24 and net debt/EBITDA was 0.67. Long term debt ratings are AA /Positive and Short term debt ratings A1+.
Market Update
The Oil & Gas, Power, and Water sectors continue to sustain steady demand. Additionally, emerging applications across Chemicals & Fertilizers, Hydroelectric projects, the Dairy segment, and Thermal Power Plants are expected to strengthen industry growth going forward. Healty demand coach is expected. Stainless steel usage in infrastructure is on the rise, supporting demand growth. New BIS standard IS:17900 is expected to push quality material into the country.
Source: BSE
