https://img.etimg.com/thumb/msid-123156282,width-1200,height-630,imgsize-721899,overlay-etmarkets/articleshow.jpg
The company’s net revenue grew 8.2% YoY, reaching Rs 10,207 crore in Q1FY26 as against Rs 9,430 crore in the corresponding quarter last year. EBITDA rose 8.1% YoY to Rs 1,310 crore, supported by robust demand from key domestic segments.
On a quarter-on-quarter (QoQ) basis, PAT grew 21.1% over Q4FY25, while revenue was largely flat with a marginal increase of 0.1%.
Jindal Stainless also reported a net debt of Rs 3,869 crore with a net debt-to-equity ratio of 0.2x, reflecting a healthy balance sheet position.
In terms of geographical mix, the domestic market contributed 91% to the company’s sales in Q1FY26, slightly lower than 92% in Q4FY25, but higher than 90% in Q1FY25. Exports accounted for the remaining 9%, with volumes remaining steady despite global headwinds.
The company credited its domestic growth to strong demand from automotive, metro, white goods, lifts, and elevators. Increased government focus on urbanization, infrastructure, and metro projects helped sustain stainless steel demand, particularly for metro rail systems and urban mobility infrastructure.Jindal Stainless also emphasized the success of its co-branding scheme ‘Jindal Saathi Seal’, which helped strengthen distributor and partner confidence, especially in the pipes, tubes, kitchenware, and sink categories. Initiatives like the QR Code Loyalty Program were highlighted as enhancing customer engagement.Despite facing geopolitical uncertainties and protectionist measures in major markets like the EU and the US, the company was able to maintain its export volumes. Management attributed this to a strategic focus on value-added products and a tailored approach to global customer needs.
The company plans to continue exploring export opportunities in line with its long-term strategic goals.
“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,” said Abhyuday Jindal, Managing Director of Jindal Stainless.
“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.
Also read: Nazara Technologies board to consider bonus issue, stock split on Aug 12; stock jumps 2%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
