Jindal Stainless Reports FY26 Revenue And Margin Growth

07 May 2026 CW Team

The board recommended a final dividend of Rs three per share, taking total to Rs four per share, or 200 per cent on the Rs two face value, subject to approval. Net debt was Rs 30.4 bn and net debt to equity improved to about 0.15. Management credited resilience to strong domestic demand and rising stainless adoption, while noting pressure from substandard imports routed via ASEAN and trade challenges. The company said margin management and value added offerings supported performance.

Operational milestones included commissioning a one point two million tonnes per annum (MTPA) melt shop in Indonesia through a joint venture, raising total melting capacity to four point two MTPA. The company is investing an additional Rs nine bn to augment cold rolled capacities in India. It launched a retail stainless rebar brand and partnered with Indian Railways on a stainless salt container, and expanded retail and loyalty programmes to deepen consumer reach.

The company partially commissioned a 315.6 megawatt (MW) solar wind hybrid project and said renewable power accounted for 46.8 per cent of imported power at key plants, up 82 per cent from the prior year. R and D produced a thinner high yield grade for tippers and a five per cent silicon grade for sulphuric acid tankers, while the defence arm secured commercial orders and supplied high nitrogen steel for launcher systems. Training programmes reached over 35,900 fabricators and courses were extended to colleges and training institutes. The board said focus will remain on downstream expansion, cost efficiencies and margin management.

Jindal Stainless reported results for the year ended 31 March 2026, with finished goods sales volume of 2,565,902 tonnes (t) and consolidated net revenue of Rs 429.55 billion (bn) in FY26, up 9.3 per cent. Consolidated EBITDA rose to Rs 55.6 bn and profit after tax to Rs 31.85 bn, growth of 19.2 per cent and 27.4 per cent respectively. Standalone net revenue was Rs 426.8 bn, with EBITDA of Rs 43.22 bn and PAT of Rs 28.43 bn. Q4 consolidated net revenue was Rs 113.37 bn, with EBITDA of Rs 14.55 bn and PAT of Rs 8.34 bn. The board recommended a final dividend of Rs three per share, taking total to Rs four per share, or 200 per cent on the Rs two face value, subject to approval. Net debt was Rs 30.4 bn and net debt to equity improved to about 0.15. Management credited resilience to strong domestic demand and rising stainless adoption, while noting pressure from substandard imports routed via ASEAN and trade challenges. The company said margin management and value added offerings supported performance. Operational milestones included commissioning a one point two million tonnes per annum (MTPA) melt shop in Indonesia through a joint venture, raising total melting capacity to four point two MTPA. The company is investing an additional Rs nine bn to augment cold rolled capacities in India. It launched a retail stainless rebar brand and partnered with Indian Railways on a stainless salt container, and expanded retail and loyalty programmes to deepen consumer reach. The company partially commissioned a 315.6 megawatt (MW) solar wind hybrid project and said renewable power accounted for 46.8 per cent of imported power at key plants, up 82 per cent from the prior year. R and D produced a thinner high yield grade for tippers and a five per cent silicon grade for sulphuric acid tankers, while the defence arm secured commercial orders and supplied high nitrogen steel for launcher systems. Training programmes reached over 35,900 fabricators and courses were extended to colleges and training institutes. The board said focus will remain on downstream expansion, cost efficiencies and margin management.

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