Jindal Stainless, India’s largest stainless steel manufacturer, announced its financial results for the quarter ended September 30, 2025, demonstrating resilience despite a challenging domestic and global trade environment. The company faced market distortions caused by the temporary suspension of the Quality Control Order (QCO), which created an uneven playing field for Indian producers—particularly micro, small, and medium enterprises (MSMEs). Despite these headwinds, Jindal Stainless successfully maintained its domestic market share through competitive pricing strategies and enhanced customer service.
On the export front, global trade sentiments remained cautious due to ongoing geopolitical tensions and protectionist policies in key markets such as the European Union and the United States. Nevertheless, Jindal Stainless managed to sustain its export volumes in Q2FY26 at levels comparable to the previous quarter, driven by a focus on value-added offerings and strong relationships with international clients.
Commenting on the company’s performance, Abhyuday Jindal, Managing Director, Jindal Stainless, said, “Our mission is to make India a global benchmark in stainless steel manufacturing. Despite the complex global landscape, our priority remains serving vital industries with high-quality stainless steel. However, the temporary suspension of the QCO is deeply concerning as it opens the door for cheap, sub-standard imports. We urge the government to reinforce quality frameworks to safeguard the domestic industry.”
Jindal Stainless continues to focus on balancing domestic and export demand, advancing product innovation, and optimizing operational efficiency. These efforts have contributed to consistent performance across business segments.
For FY25, the company reported an annual turnover of INR 40,182 crore (USD 4.75 billion). It is on track to expand its total melt capacity to 4.2 million tonnes per annum by FY27. As of March 2025, Jindal Stainless operates 16 manufacturing and processing facilities across India, Spain, and Indonesia, with a presence in 12 countries. Domestically, it maintains 10 sales offices and six service centers to serve its diverse customer base.
The company’s portfolio includes stainless steel slabs, blooms, coils, sheets, plates, precision strips, wire rods, rebars, blade steel, and coin blanks. With fully integrated operations, Jindal Stainless enhances cost competitiveness while maintaining high operational efficiency.
Established in 1970, Jindal Stainless continues to drive innovation and sustainability within the metals industry. The company employs electric arc furnace technology, significantly cutting greenhouse gas emissions and enabling extensive recyclability of scrap metal—reflecting its ongoing commitment to a cleaner, greener, and more sustainable future.
