New Delhi, May 4 (PTI) Jindal Stainless on Monday posted over 41 per cent growth in consolidated net profit to Rs 834.21 crore for the quarter ended March 31, driven by higher revenues.
It had reported a net profit of Rs 589.96 crore in the year-ago period, the stainless steel maker said in an exchange filing.
During the fourth quarter, the company’s total income rose to Rs 11,427.91 crore from Rs 10,292.27 crore in the January-March period of the preceding 2024-25 financial year.
For the entire FY26, the company’s net profit jumped to Rs 3,184 crore from Rs 2,499.72 crore in the year ago. Total income rose to Rs 43,306.14 crore during the fiscal year ended March 2026, from Rs 39,603.06 crore in the 2024-25 financial year.
The board of directors
recommended a final dividend of Rs 3 for FY26, subject to approval of shareholders, taking the total dividend payment to Rs 4, i.e. 200 per cent per equity share with a face value of Rs 2 each.
In FY26, the company recorded finished goods sales volume of 25,65,902 tonnes, registering a year-on-year (Y-o-Y) growth of 8.1 per cent.
In a media call, the company’s Managing Director, Abhyuday Jindal, said the quarter witnessed energy-related constraints emerging amid geopolitical uncertainties affecting West Asia, which is a key sourcing region for industrial fuels such as propane/LPG and natural gas that are critical to stainless steel manufacturing.
He also said that his company is developing plans to add more domestic energy sources, such as PNG and coal gasification, to secure future operations.
Despite this, Jindal Stainless 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. Jindal Stainless’s value-added offerings in these markets, supported by strong product positioning and margin management, continued to hold the company in good standing.
On challenges, Jindal said, “Chinese-origin and Vietnamese imports continued to challenge India’s stainless-steel industry, with substandard material often rerouted through ASEAN countries, reflecting persistent circumvention practices and raising concerns over the influx of substandard inputs.” During the quarter, Jindal Stainless announced the partial commissioning of a 315.6 MW solar-wind hybrid power project in collaboration with Oyster Renewable Energy marking another step in the company’s decarbonisation journey..
Jindal Stainless reported an annual turnover of Rs 40,182 crore in FY25 and is ramping up its facilities to reach an annual melt capacity of 4.2 million tonnes in FY27.
The company 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 2025. PTI ABI ABI MR
