Jindal Stainless Q2 FY26 Earnings Results: Profit Jumps 32% to ₹807 Crore on Strong Sales Growth

Jindal Stainless Ltd delivered a strong second-quarter performance for the period ending September 2025. The company’s net profit grew 32% year-on-year to ₹806.9 crore, driven by higher sales volumes and steady demand across major industries.

Jindal Stainless Q2 FY26 Earnings: Financial Performance

Revenue rose 11.4% to ₹10,892 crore from ₹9,776 crore a year earlier. EBITDA increased 16.9% to ₹1,387.9 crore, while operating margin improved to 12.7% from 12.1% last year.

Standalone sales volume grew 14.8% to 6,48,050 tonnes. Consolidated net debt stood at ₹3,646 crore, and the net debt-to-equity ratio remained low at 0.2x, showing strong financial stability.

Demand Across Industries

The company saw consistent demand from industrial pipes and tubes, lifts and elevators, metro projects, railway coaches, wagons, and white goods. Festive-season buying also boosted consumer product demand.

Customer-Focused Initiatives

Jindal Stainless continued its efforts to build trust through its ‘Jindal Saathi Seal’ programme, which ensures product authenticity and quality across pipes, tubes, kitchenware, and sinks.

Management Commentary

Managing Director Abhyuday Jindal said the company aims to position India as a global benchmark in stainless steel manufacturing. He expressed concern over the temporary suspension of the Quality Control Order, warning that it may lead to more low-quality imports.

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Jindal Stainless Share Price Performance

Jindal Stainless share price (NSE: JSL) is trading at ₹737.55, up 2.05% today, with the stock moving between ₹731.00 and ₹755.20 so far. The company carries a market cap of ₹60,770 crore, a P/E ratio of 23.65, and a dividend yield of 0.41%. Its 52-week range spans from ₹496.60 to ₹826.00. For the quarter, the company has declared a dividend of ₹0.76 per share.

Conclusion

With strong profit growth, better margins, and rising volumes, Jindal Stainless delivered a solid Q2. Despite challenges from cheaper imports, the company remains focused on quality and long-term industry leadership.

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