New Delhi, August 6, 2025: The Board of Directors of Jindal Stainless Limited (JSL) today announced the financial results for the quarter ended on June 30, 2025. The company recorded a sales volumeof6,26,252tonnes, up by 8.3% on a year-on-year(Y-o-Y) basis. The company’s Q1FY26 standalone net revenue was recorded at INR 10,341 crore, up by ~8% on a Y-o-Y basis. Standalone EBITDA and PAT stood at INR 1,048crore and INR 642 crore, both up by 4.3% and ~11% Y-o-Y, respectively.The consolidated net revenue was at INR 10,207 crore, up by 8.2% Y-o-Y. The EBITDA was recorded at INR 1,310 crore and PAT wasat INR 715 crore, up by 8.1% and 10.6% Y-o-Y respectively. The consolidated net debt was at INR 3,869 crore, while the net debt-to-equity ratio was at 0.2x.
The company’s agility in balancing demand across domestic and export markets, its focus on product innovation across sectors–including increased emphasis on value-addedsegments and downstream offerings– and improved operational efficiencies have enabled it to deliver a sustainedperformance.
The domestic market demonstrated steady growth in the first quarter, supported by robust demand from key sectors such as automotive, metro, white goods, and liftsand elevators on a quarter-on-quarter (Q-o-Q) basis. With the government’s increased focus on strengthening inter- and intra-city transit networks, stainless steel demand for metro remained firm. Therising urbanisation and infrastructure development led to a strong performance in the liftsand elevators segment, positioning the company well in this segment for the year ahead. The company’s co-branding scheme,‘Jindal Saathi Seal’ strengthened partner confidence through a shared commitment to quality and authenticity. Initially launched in the pipes and tube segment, it wasalso extended to kitchenware and sinks category, assuring excellence for the customers. Initiatives like the QR Code Loyalty Program further boosted customer engagement and operational agility.
On the export front, geopolitical uncertainties and protectionist measures in key geographies such as the EU and the US continued to weigh on global trade sentiment. Despite these external challenges, the company was able to maintain the export sales volume. This was driven by a strong focus on strategically serving global customers and providing value-added solutions tailored to their needs. The company will continue to explore potential export opportunities in line with its strategic goals.
Commenting on the performance of the company, Managing Director, Jindal Stainless, MrAbhyuday Jindal, said,“Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency. We are advancing our presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings. Our initiatives like co-branding programmes and loyalty schemes are redefining customer engagement and operational agility. As stainless steel gains recognition as the material of choice for nation-building, the need for a dedicated national stainless steel policy becomes increasingly imperative.
