THEBUSINESSBYTES
BUREAU
NEW
DELHI, JANUARY 21, 2026
Jindal Stainless Limited (JSL)
reported a resilient and well-balanced financial performance for the quarter
ended December 31, 2025, underscoring the strength of its domestic-focused
strategy amid a challenging global trade environment. The company posted a
sales volume of 6,49,857 tonnes during the quarter, marking a healthy year-on-year
growth of 10.6 percent, while standalone net revenue rose 5.6 percent to INR
10,632 crore.
Standalone EBITDA stood at Rs
1,103 crore, up 10 percent year-on-year, reflecting improved operational
efficiency and cost discipline, while profit after tax increased by 7.6 percent
to Rs 666 crore. On a consolidated basis, net revenue came in at Rs 10,518
crore, registering a 6.2 percent growth, with EBITDA rising sharply by 16.6
percent to Rs 1,408 crore and PAT surging 26.6 percent year-on-year to Rs 828
crore. The company’s balance sheet remained strong, with consolidated net debt
at Rs 3,451 crore and a comfortable net debt-to-equity ratio of 0.18x.
Reflecting confidence in the
company’s financial health and future outlook, the Board of Directors approved
an interim dividend of 50 percent, amounting to Re 1 per equity share of face
value Rs 2 for FY26. The record date has been fixed as January 29, 2026, and
the dividend will be paid on or before February 19, 2026.
JSL’s sustained performance
during the quarter was driven by its innovative product portfolio, enhanced
customer-centric initiatives, and steady demand across key domestic sectors
such as automotive, ornamental pipes and tubes, railways and metro projects,
and white goods. Infrastructure expansion, growth in efficient vertical
transportation, and strengthening of transit networks continued to support
demand in the domestic market. Despite challenges arising from the misuse of
free trade agreement routes, which led to increased dumping of low-priced and
substandard stainless steel imports from China and certain ASEAN countries, the
company successfully protected its market share through competitive pricing, a
robust distribution network, and initiatives like the Jindal Saathi Seal, QR
code authentication, and loyalty incentive programmes.
On the export front, the
company navigated subdued global trade conditions caused by heightened
uncertainty and protectionist policies in major western markets, including the
US and the EU. In response, Jindal Stainless strategically moderated export volumes
while prioritising the domestic market, focusing on value-added solutions for
long-standing international customers.
Commenting on the performance,
Managing Director of Jindal Stainless, Abhyuday Jindal, said the domestic
market remains the company’s strategic priority, given the sustained growth and
demand across sectors. He emphasised that JSL will continue to expand its
footprint with a strong focus on innovation, while advocating for a robust
regulatory framework, including stringent standards and quality control orders,
to curb the inflow of substandard imports that pose risks to consumer safety.
On exports, he noted that the company remains cautiously optimistic, supported
by strong customer relationships and differentiated offerings, even as it closely
tracks evolving tariff structures and market developments.
