Jindal Stainless Ltd Share Price – NSE  / BSE

Steel, Small Cap

Jindal Stainless' Hisar plant has been awarded the Zero Waste to Landfill (ZWTL) certification with a Platinum+ rating. The certification, verified by Bureau Veritas India, highlights the Hisar unit's robust waste management framework and its efforts towards strengthening waste segregation, minimising landfill disposal, and embedding sustainable waste management practices across the plant.

During the reporting period from FY 2024-25, the facility achieved an exceptional waste diversion rate of 99.99%, ensuring that nearly all waste generated was effectively recycled, reused, or recovered, with negligible quantities directed to landfill. The assessment, conducted as per mass balance methodology, acknowledges the unit's strong alignment with circular economy principles and its ongoing commitment to responsible industrial operations.

Profit before exceptional items and tax fell 2.31% to Rs 932.97 crore in Q4 FY26 compared with Rs 955.03 crore in Q4 FY25. The company reported exceptional items of Rs 182.42 crore during the quarter.

However, EBITDA jumped 24.8% to Rs 1,111 crore in Q4 FY26, compared with Rs 890 crore in Q4 FY25. Stainless steel sales volume remained largely stable at 6,41,743 metric tonnes (MT), marginally lower than 6,42,641 MT a year ago.

Domestic operations continued to anchor performance, contributing 95% of total revenue, supported by strong demand across sectors including automotive, pipes and tubes, metros, lifts, and elevators, and white goods.

Exports accounted for around 7% of total revenue, with the company navigating a challenging global environment shaped by geopolitical conflicts and tariff uncertainties, resulting in trade disruptions. Despite this, the company delivered sustained export performance, while also maintaining focus on expanding into markets such as Japan, South Korea, Taiwan and Germany, which continued to gain traction.

For the full year, the company?s standalone net profit increased 4.86% to Rs 2,842.95 crore on 6.22% increase in revenue from operations to Rs 42,680.22 crore in FY26 over FY25.

Meanwhile, the company?s board recommended a final dividend of Rs 3 per equity share of face value of Rs 2 each for the FY26.

Abhyuday Jindal, managing director, Jindal Stainless, said, ?FY26 has been a strong year for Jindal Stainless, marked by resilient growth, strategic execution and important milestones across operations and brand building. Supported by robust domestic demand and rising stainless steel adoption across sectors, we delivered healthy volume growth while continuing to strengthen our value-added portfolio and downstream capabilities.

Looking ahead, our focus will be on leveraging our capacity enhancement and downstream expansion to expanding applications, maintaining cost efficiencies, and manufacturing excellence, to achieve ~3.5 MTPA sales volume by FY29.

The domestic stainless steel industry continues to operate in a challenging environment caused by the Middle-East crisis and India?s liberal trade policies. Concerns over cheap, substandard imports remains and on behalf of the industry, we continue to advocate for a strong policy framework to curb unfair imports and safeguard the long-term interests of the domestic stainless steel industry.?

Jindal Stainless manufactures stainless steel using electric arc furnace. The company?s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2026.

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Net profit of Jindal Stainless rose 42.74% to Rs 843.56 crore in the quarter ended March 2026 as against Rs 590.99 crore during the previous quarter ended March 2025. Sales rose 11.17% to Rs 11337.19 crore in the quarter ended March 2026 as against Rs 10198.32 crore during the previous quarter ended March 2025.

For the full year,net profit rose 27.47% to Rs 3193.45 crore in the year ended March 2026 as against Rs 2505.20 crore during the previous year ended March 2025. Sales rose 9.27% to Rs 42954.66 crore in the year ended March 2026 as against Rs 39312.21 crore during the previous year ended March 2025.

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Profit before exceptional items and tax fell 2.31% to Rs 932.97 crore in Q4 FY26 compared with Rs 955.03 crore in Q4 FY25. The company reported exceptional items of Rs 182.42 crore during the quarter.

However, EBITDA jumped 24.8% to Rs 1,111 crore in Q4 FY26, compared with Rs 890 crore in Q4 FY25. Stainless steel sales volume remained largely stable at 6,41,743 metric tonnes (MT), marginally lower than 6,42,641 MT a year ago.

Domestic operations continued to anchor performance, contributing 95% of total revenue, supported by strong demand across sectors including automotive, pipes and tubes, metros, lifts, and elevators, and white goods.

Exports accounted for around 7% of total revenue, with the company navigating a challenging global environment shaped by geopolitical conflicts and tariff uncertainties, resulting in trade disruptions. Despite this, the company delivered sustained export performance, while also maintaining focus on expanding into markets such as Japan, South Korea, Taiwan and Germany, which continued to gain traction.

For the full year, the company?s standalone net profit increased 4.86% to Rs 2,842.95 crore on 6.22% increase in revenue from operations to Rs 42,680.22 crore in FY26 over FY25.

Meanwhile, the company?s board recommended a final dividend of Rs 3 per equity share of face value of Rs 2 each for the FY26.

Abhyuday Jindal, managing director, Jindal Stainless, said, ?FY26 has been a strong year for Jindal Stainless, marked by resilient growth, strategic execution and important milestones across operations and brand building. Supported by robust domestic demand and rising stainless steel adoption across sectors, we delivered healthy volume growth while continuing to strengthen our value-added portfolio and downstream capabilities.

Looking ahead, our focus will be on leveraging our capacity enhancement and downstream expansion to expanding applications, maintaining cost efficiencies, and manufacturing excellence, to achieve ~3.5 MTPA sales volume by FY29.

The domestic stainless steel industry continues to operate in a challenging environment caused by the Middle-East crisis and India?s liberal trade policies. Concerns over cheap, substandard imports remains and on behalf of the industry, we continue to advocate for a strong policy framework to curb unfair imports and safeguard the long-term interests of the domestic stainless steel industry.?

Jindal Stainless manufactures stainless steel using electric arc furnace. The company?s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2026.

The counter advanced 1.54% to end at Rs 780 on the BSE.

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