Jindal Stainless Q1 result: Net profit rises 9.7% YoY to ₹711 crore; EBITDA grows 8%

Jindal Stainless on Wednesday, August 6, posted a 9.74% year-on-year (YoY) surge in its consolidated net profit to ₹711.16 crore in the June quarter of the 2025-26 financial year (Q1FY26).

In the same period a year ago, it had clocked a profit of ₹648.06 crore, Jindal Stainless said in a regulatory filing.

Its revenue from operations rose 8.24% YoY to ₹10,207.14 crore during the quarter under review, compared to ₹9,429.76 crore in the June quarter of FY25.

At an operational level, the company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) grew 8.1% YoY to ₹1,309.6 crore in the first quarter of FY26, as against ₹1,211.8 crore in the year-ago period. Its EBITDA margin remained stable at 12.8%.

The firm recorded a standalone sales volume of 6.26 lakh tonnes, which rose 8.3% YoY. Its consolidated net debt stood at ₹3,869 crore, while its net debt-to-equity ratio was at 0.2x.

The company’s agility in balancing demand across domestic and export markets, with its focus on product innovation across sectors, including increased emphasis on value-added segments and downstream offerings, and improved operational efficiencies, enabled it to deliver a sustained performance, Jindal Stainless said in a press release.

Despite geopolitical uncertainties and protectionist measures in the steel manufacturer’s key geographies, including the US and the European Union, it was able to maintain its export sales volume. It was bolstered by Jindal Stainless’s focus on strategically serving the global customers and providing value-added solutions.

Commenting on the earnings, Abhyuday Jindal, the Managing Director, Jindal Stainless, said: “Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency. We are advancing our presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings.”

A rise in urbanisation and infrastructure development led to strong performance in the lifts and elevators segment, positioning the company well in these segments for FY26.

Its co-branding scheme, ‘Jindal Saathi Seal’, which was initially launched in the pipes and tubes segment, was extended to the kitchenware and sinks categories.

“Our initiatives, like co-branding programmes and loyalty schemes, are redefining customer engagement and operational agility. As stainless steel gains recognition as the material of choice for nation-building, the need for a dedicated national stainless steel policy becomes increasingly imperative,” he added.

Shares of Jindal Stainless closed 1.29% higher at ₹735 apiece on the National Stock Exchange (NSE) on Wednesday. However, the results were announced after the market closed.