Jindal Stainless, the largest stainless steel manufacturer in India, reported a significant 41.4% increase in net profit to ₹834 crore for the fourth quarter of FY26, with total revenue climbing 11.2% to ₹11,337 crore. The company's full-year net profit reached ₹3,185 crore, a 27.4% increase, while revenue rose 9.3% to ₹42,955 crore. Despite these positive results, Managing Director Abhyuday Jindal cautioned that margins could be squeezed in FY27 due to soaring fuel costs driven by the ongoing West Asia crisis, which has seen LPG and propane prices triple. The company has revised its EBITDA expectations for FY27 to ₹18,000–20,000 per tonne, down from ₹21,700 in FY26. Volume growth for FY26 was lower than anticipated at 8.1%, prompting a reduction in FY27 growth guidance to 7–9%. Jindal also expressed concerns about the impact of cheap imports, particularly from China and Vietnam, and the suspension of quality control orders until September, which may lead to an influx of substandard products. To counter energy risks, Jindal Stainless is exploring alternatives like piped natural gas and coal gasification, although these solutions will take time to implement. The company also announced a final dividend of ₹3 per share, bringing the total payout for FY26 to ₹4 per share.