Earnings Review
Jindal Stainless Q2 PAT up over 9% YoY, misses Street view
This story was originally published at 17:55 IST on 10 November 2025
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--Jindal Stainless Jul-Sept net profit INR 6.44 bln
--Analysts saw Jindal Stainless Jul-Sept net profit INR 7.29 bln
--Jindal Stainless Jul-Sept revenue INR 108.81 bln
--Analysts saw Jindal Stainless Jul-Sept revenue INR 105.80 bln
--Jindal Stainless Jul-Sept net profit INR 6.44 bln vs INR 5.89 bln year ago
--Jindal Stainless Jul-Sept revenue INR 108.81 bln vs INR 97.46 bln year ago
--Jindal Stainless Apr-Sept net profit INR 12.86 bln vs INR 11.68 bln yr ago
--Jindal Stainless Apr-Sept revenue INR 212.21 bln vs INR 193.31 bln year ago
By Reshma Ravi
MUMBAI – Jindal Stainless Ltd. reported a rise in its net profit for the September quarter, but missed market expectations. On the other hand, the company's revenue from operations beat analysts' estimate.
The company's net profit for the quarter rose 9.3% on year to INR 6.44 billion, but was lower than the Street's estimate of INR 7.29 billion. Revenue from operations for the quarter rose 11.6% on year to INR 108.81 billion, which was higher than the Street's estimate of INR 105.80 billion.
Sequentially, the net profit rose marginally and revenue rose 5.2%. The company's finance cost fell 18% on year to INR 957 million, from INR 1.16 billion a year ago. The company recorded a sales volume of 648,050 tonnes, up nearly 15% on year. The company's cost of materials consumed rose to INR 76.51 billion, up almost 14% on year. The company's total expenditure, including finance cost, was INR 101.13 billion, up 12% from the year-ago quarter.
For the half-year ended September, the company's net profit rose 10% on year to INR 12.86 billion. Revenue from operations for the period rose 10% on year to INR 212.21 billion.
The company saw consistent demand across key segments such as industrial pipes and tubes, lifts and elevators, metro, railway coaches, and wagons during the quarter. The white goods segment also gained traction, driven by festive-season demand, it said in a press release.
Driven by steady domestic demand, the company is well-placed to maintain consistent growth in the upcoming quarters, the company said in the press release. This progress in the domestic market has come despite continued imports of subsidised and dumped stainless steel into India, it said.
On Monday, shares of Jindal Stainless ended more than 1% lower at INR 722.75 on the National Stock Exchange. End
Edited by Ashish Shirke
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