Jindal Stainless Reports 4% Decline in Q4 Profit Despite Revenue Growth
Jindal Stainless Q4 PAT drops 4% YoY to Rs 891 cr
Business Standard
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Jindal Stainless reported a 3.61% drop in standalone net profit to ₹891.57 crore in Q4 FY26, despite a 0.38% increase in revenue to ₹10,826.47 crore. The company's performance was bolstered by strong domestic demand, particularly in the automotive and white goods sectors.
- 01Standalone net profit decreased by 3.61% to ₹891.57 crore in Q4 FY26.
- 02Revenue from operations rose by 0.38% to ₹10,826.47 crore during the same period.
- 03Exceptional items during the quarter totaled ₹182.42 crore.
- 04The company plans to achieve approximately 3.5 MTPA sales volume by FY29.
- 05A final dividend of ₹3 per equity share has been recommended for FY26.
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Jindal Stainless reported a 3.61% decline in standalone net profit to ₹891.57 crore for Q4 FY26, despite a slight 0.38% increase in revenue from operations, reaching ₹10,826.47 crore. Profit before exceptional items and tax fell by 2.31% to ₹932.97 crore. The company reported exceptional items amounting to ₹182.42 crore during the quarter. However, EBITDA saw a significant increase of 24.8%, totaling ₹1,111 crore compared to ₹890 crore in Q4 FY25. The stainless steel sales volume remained stable at 641,743 metric tonnes, slightly down from 642,641 metric tonnes a year earlier. Domestic operations were the backbone of the company's performance, contributing 95% of total revenue, driven by strong demand in various sectors, including automotive and white goods. Exports represented about 7% of total revenue, with the company focusing on expanding into markets such as Japan and Germany. For the full fiscal year, standalone net profit rose by 4.86% to ₹2,842.95 crore, with revenue increasing by 6.22% to ₹42,680.22 crore. The board has recommended a final dividend of ₹3 per equity share for FY26. Managing Director Abhyuday Jindal emphasized the company's strategic execution and growth, aiming for 3.5 MTPA sales volume by FY29 while advocating for stronger policies to protect the domestic stainless steel industry.
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The decline in profit may affect investor confidence, but the company's focus on domestic demand and strategic expansion could lead to job stability in the stainless steel sector.
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