Jindal Stainless Limited (JSL) has announced its financial results for the quarter and year ended March 31, 2026, reporting healthy growth in revenue, profitability, and volumes, supported by strong domestic demand and improved operational performance. For FY26, the company recorded finished goods sales volume of 25.66 lakh tonnes, reflecting a year-on-year growth of 8.1 per cent. Consolidated revenue rose to ₹42,955 crore, marking an increase of 9.3 per cent over the previous year. EBITDA stood at ₹5,560 crore, up 19.2 per cent, while profit after tax climbed 27.4 per cent to ₹3,185 crore.
In the fourth quarter, standalone sales volume reached 6,41,743 tonnes. Consolidated revenue for the quarter stood at ₹11,337 crore. EBITDA grew 37.1 per cent year-on-year to ₹1,455 crore, while profit after tax increased 41.4 per cent to ₹834 crore, reflecting strong operating leverage.
The Board has recommended a final dividend of ₹3 per equity share for FY26, subject to shareholder approval, taking the total dividend to ₹4 per share. The company also strengthened its balance sheet, with net debt-to-equity improving to 0.15 from 0.24 in the previous year.
Domestic demand remained a key growth driver, with strong traction across automotive, infrastructure, pipes and tubes, metro projects, elevators, and consumer appliances. Adoption of stainless steel continued to expand in sectors such as electric vehicles, real estate, defence, and aerospace, supported by durability, corrosion resistance, and recyclability.
On the global front, the company navigated a challenging environment marked by geopolitical uncertainties and tariff-related disruptions. Despite these headwinds, exports remained stable, with increased focus on markets including Japan, South Korea, Taiwan, and Germany.
During the year, JSL achieved key milestones, including commissioning a 1.2 MTPA melt shop in Indonesia through its joint venture, taking total melting capacity to 4.2 MTPA. The company also introduced its stainless steel rebars brand “Jindal Infinity” and partnered with Indian Railways to develop a stainless steel salt container. In branding initiatives, the company onboarded Ranveer Singh as brand ambassador and collaborated with Sunrisers Hyderabad to enhance market visibility.
Sustainability efforts progressed with partial commissioning of a 315.6 MW renewable energy project and increased renewable power usage across key plants. The Hisar facility achieved Zero Waste to Landfill certification, reinforcing environmental commitments.
Commenting on the performance, Managing Director Abhyuday Jindal highlighted the company’s focus on capacity expansion, value-added products, and operational efficiency, while targeting sales volume of around 3.5 MTPA by FY29.
Jindal Stainless, India’s largest stainless steel manufacturer, continues to invest in sustainable manufacturing practices and infrastructure innovation, supporting long-term industrial growth and efficiency. Jindal Stainless reported an annual turnover of ₹40,182 crore (USD 4.75 billion) in FY25 and is progressing toward a 4.2 million tonne annual melt capacity by FY27. The company operates 16 manufacturing and processing facilities across India and overseas locations including Spain and Indonesia, supported by a global presence in 12 countries as of March 2025.
