Jindal Stainless FY26 Results: PAT up 27%, EBITDA Rises 19%; ₹4 Total Dividend Announced

Jindal Stainless Limited reported solid financial results for FY26 with growth across key metrics. Finished goods sales volume rose 8.1% year-on-year to 25.66 lakh tonnes. Standalone revenue increased 6.2% to ₹42,680 crore, while EBITDA grew 10.7% to ₹4,322 crore. Profit after tax (PAT) rose 4.9% to ₹2,843 crore.

On a consolidated basis, performance was even stronger. Revenue increased 9.3% to ₹42,955 crore, EBITDA grew 19.2% to ₹5,560 crore, and PAT jumped 27.4% to ₹3,185 crore.

Jindal Stainless Q4 FY26 Performance

During the March quarter, standalone sales volume remained almost flat at 6.42 lakh tonnes. Standalone revenue rose slightly by 0.4% to ₹10,826 crore, while EBITDA jumped 24.8% to ₹1,111 crore. However, standalone PAT declined 3.6% to ₹892 crore.

At the consolidated level, Q4 revenue increased 11.2% to ₹11,337 crore. EBITDA surged 37.1% to ₹1,455 crore and PAT rose 41.4% to ₹834 crore, reflecting strong operational efficiency.

Dividend and Balance Sheet Strength

The board recommended a final dividend of ₹3 per share for FY26. Including interim payouts, the total dividend for the year stands at ₹4 per share. The company also improved its financial health, with the net debt-to-equity ratio improving to 0.15 from 0.24 last year.

Demand Trends and Industry Challenges

The company saw strong domestic demand from sectors such as automotive, infrastructure, white goods, real estate, defence, and electric vehicles. However, imports from China and Vietnam continued to put pressure on the domestic industry.

Exports faced global challenges due to geopolitical tensions and trade disruptions, but the company expanded its presence in markets like Japan, South Korea, Taiwan, and Germany.

Capacity Expansion and Strategic Developments

The company commissioned a 1.2 MTPA stainless steel melt shop in Indonesia, increasing total melting capacity to 4.2 MTPA. It also launched new products, partnered with Indian Railways for stainless steel salt containers, and secured defence and aerospace orders.

On the sustainability front, renewable power usage increased significantly, and the Hisar unit achieved Zero Waste to Landfill certification.

Jindal Stainless Share Price Movement

Jindal Stainless share price (NSE: JSL) closed at ₹784.00 on May 4, 2026, rising ₹16.60 or 2.16% for the day. The stock opened at ₹774.00 and moved between a high of ₹789.35 and a low of ₹772.00 during the session. Over the past year, the stock has touched a 52-week high of ₹884.00 and a 52-week low of ₹568.10, while offering a dividend yield of 0.38% with a quarterly dividend amount of ₹0.74 per share.

Conclusion

Jindal Stainless delivered a strong FY26 with healthy revenue growth, rising profitability, improved debt levels, and strategic expansion. Despite global uncertainties and import pressure, the company remains well positioned for long-term growth.

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