Jindal Stainless Q4 Results 2026: Profit Jumps 41%, Revenue Crosses ₹11,300 Crore

Jindal Stainless Limited reported a strong set of earnings in its Q4 results 2026, supported by higher revenue, improved profitability, and steady domestic demand across railways, infrastructure, and automobiles.

The company posted consolidated revenue of INR 11,337 crore in the March quarter, marking an 11% year-on-year increase and an 8% rise sequentially. Profit after tax (PAT) for Q4 FY26 surged 41% YoY to INR 834 crore, reflecting better operational efficiency and improved margins despite fluctuations in raw material prices.

For the full financial year, Jindal Stainless reported revenue of INR 42,955 crore, up 9% from FY25, while EBITDA climbed 19% YoY to INR 5,560 crore. Annual PAT rose 27% to INR 3,185 crore, highlighting the company’s continued earnings momentum in FY26.

The company’s standalone sales volume reached 2.57 million metric tonnes during FY26, registering an 8% increase compared to the previous fiscal year. Q4 volume stood at 642,000 metric tonnes, remaining broadly stable despite global economic uncertainties and volatile commodity prices.

Domestic demand continued to remain the key growth driver, with India accounting for 92% of total sales, while exports contributed 8%. Demand from the railway sector remained strong due to orders linked to Vande Bharat sleeper trainsets and the increasing use of austenitic stainless steel in Amrit Bharat coaches.

The automobile sector also remained resilient during the quarter, while rising stainless steel usage in bridges, flyovers, and coastal infrastructure projects supported additional demand growth. Management maintained a positive outlook for FY27, backed by ongoing infrastructure expansion and industrial activity in India.

Jindal Stainless also strengthened its balance sheet during FY26. Net debt declined to INR 3,040 crore from INR 3,991 crore a year earlier, while the net debt-to-EBITDA ratio improved to 0.55 from 0.86. Cash and bank balances increased to INR 3,203 crore, reflecting improved financial flexibility.

The company said it remains on track to achieve an annual melt capacity of 4.2 million tonnes in FY27, which could support future volume growth and market expansion.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/63f08539-8e0a-44e2-98bb-c0d0bc571111.pdf