
Jindal Stainless Ltd reported a strong set of earnings for the third quarter of FY26, with net profit rising sharply on the back of higher revenue, better operating performance and margin expansion. The company’s net profit increased 26.6% year-on-year to ₹828.8 crore, compared with ₹654.3 crore in the same quarter last year.
The robust performance highlights improved efficiency and stable demand conditions during the quarter, even amid a challenging macro environment.
Revenue from operations grew 6.2% year-on-year to ₹10,517.6 crore in Q3FY26, up from ₹9,907.3 crore in the corresponding period last year. While revenue growth remained moderate, strong cost control and operational efficiency helped boost profitability.
EBITDA rose 16.6% year-on-year to ₹1,408 crore, reflecting improved operating leverage. As a result, operating margins expanded to 13.4% from 12.2% a year ago, indicating better margin discipline and improved realisations.
| Particulars | Q3FY26 | Q3FY25 | YoY Change |
| Revenue (₹ crore) | ₹10,517.6 | ₹9,907.3 | +6.2% |
| EBITDA (₹ crore) | ₹1,408.0 | ₹1,207.5 | +16.6% |
| EBITDA Margin | 13.4% | 12.2% | +120 bps |
| Net Profit (₹ crore) | ₹828.8 | ₹654.3 | +26.6% |
Alongside the Q3 results, the board of directors approved an interim dividend of 50%, amounting to ₹1 per equity share of face value ₹2 for the financial year 2025–26. The record date for determining eligible shareholders has been fixed as Thursday, January 29, 2026.
The interim dividend will be paid on or before February 19, 2026, reflecting the company’s healthy cash flows and confidence in its financial position.
The board also approved the reappointment of three independent directors for a second term of three consecutive years. The company confirmed that the directors are not debarred from holding office by any regulatory authority. The move ensures continuity in governance and oversight as the company pursues its long-term growth strategy.
Ahead of the earnings announcement, Jindal Stainless share price closed at ₹754 on the NSE, down 0.72% in the previous trading session. Market participants are expected to closely track the stock for management commentary, demand outlook and margin sustainability in the coming quarters.
Read more: India VIX Surges Over 8% As Market Volatility Returns To Dalal Street On January 21, 2026.
Jindal Stainless delivered a strong Q3FY26 performance, with over 26% growth in net profit, steady revenue expansion and meaningful margin improvement. The interim dividend announcement further strengthens investor sentiment. Going forward, the company’s focus on operational efficiency and disciplined cost management will remain key factors supporting earnings growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jan 21, 2026, 4:28 PM IST

We're Live on WhatsApp! Join our channel for market insights & updates
