Jindal Stainless Reports Q4 Decline in Profit Amidst Stable Revenue Growth
Jindal Stainless slides after Q4 PAT slumps 4% YoY to Rs 891 cr
Business Standard
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Jindal Stainless experienced a 3.61% decline in standalone net profit to ₹891.57 crore in Q4 FY26, despite a slight revenue increase of 0.38% to ₹10,826.47 crore. The company aims for a sales volume of ~3.5 million tonnes per annum (MTPA) by FY29, focusing on domestic demand and expansion into international markets.
- 01Standalone net profit fell 3.61% to ₹891.57 crore in Q4 FY26.
- 02Revenue from operations rose 0.38% to ₹10,826.47 crore.
- 03EBITDA increased 24.8% to ₹1,111 crore.
- 04Domestic operations contributed 95% of total revenue.
- 05The company plans to achieve ~3.5 MTPA sales volume by FY29.
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Jindal Stainless reported a 3.61% year-on-year decline in standalone net profit, totaling ₹891.57 crore for Q4 FY26, despite a slight revenue increase of 0.38% to ₹10,826.47 crore. Profit before exceptional items and tax also dipped 2.31% to ₹932.97 crore. However, the company's EBITDA surged by 24.8% to ₹1,111 crore, reflecting strong operational performance. The stainless steel sales volume remained stable at 641,743 metric tonnes, slightly down from 642,641 metric tonnes a year prior. Domestic operations were robust, contributing 95% of total revenue, driven by demand in sectors such as automotive and construction. Exports, while accounting for 7% of revenue, faced challenges due to geopolitical issues and trade disruptions but continued to perform well. For the full fiscal year, standalone net profit rose 4.86% to ₹2,842.95 crore, alongside a 6.22% increase in revenue to ₹42,680.22 crore. The company’s board has recommended a final dividend of ₹3 per equity share for FY26. Managing Director Abhyuday Jindal highlighted the year as one of strategic growth and emphasized plans for capacity enhancement and market expansion, targeting approximately 3.5 MTPA sales volume by FY29.
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The performance of Jindal Stainless indicates strong domestic demand for stainless steel, which could lead to job stability and growth in related sectors such as automotive and construction.
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