22-Oct-2026 16:02:41
JINDAL STAINLESS Q2: SALES VOLUME UP 15% QOQ; EXPORTS SURGE 36% YOY
• Sales Volume: Finished goods sales volume rose 2.5% YoY and 15% QoQ to 6,64,378 tonnes • Revenue Growth: Revenue up 18.2% YoY to ₹12,874 Cr; EBITDA up 3.2% YoY to ₹1,433 Cr • Profitability: Net profit up 11.1% YoY to ₹898 Cr • Export Growth: Exports surged 36% YoY and 20% QoQ, supported by expansion into international markets • Demand Recovery: Overall sales volumes grew 14.4% QoQ, supported by higher demand for value-added products • Growth Segments: Strong demand from automotive, ornamental pipes, white goods, lifts and elevators • Import Pressure: Stainless steel imports from China surged, with July 2026 imports reaching 2.9 times the FY26 monthly average • Balance Sheet: Net debt stood at ₹3,121 Cr, with net debt-to-equity ratio at 0.15x
JINDAL STAINLESS LIMITED