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Informist, Monday, Aug. 3, 2026

 

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--Jindal Stainless Apr-Jun net profit INR 6.06 bln
--Analysts saw Jindal Stainless Apr-Jun net profit at INR 7.24 bln
--Jindal Stainless Apr-Jun revenue INR 106.77 bln
--Analysts saw Jindal Stainless Apr-Jun revenue at INR 105.79 bln
--Jindal Stainless Apr-Jun net profit INR 6.06 bln vs INR 6.42 bln yr ago
--Jindal Stainless Apr-Jun revenue INR 106.77 bln vs INR 103.41 bln year ago
--Jindal Stainless Apr-Jun operating margin 9.63% vs 10.13% yr ago

 

By Khushi Singh

 

MUMBAI – Jindal Stainless Ltd. reported a decline in standalone net profit for the June quarter, missing analysts' estimates by a wide margin. The revenue grew more than what the Street had estimated. The company, however, reported a growth in net profit in its consolidated numbers.

 

The company's standalone net profit for the June quarter fell nearly 6% on year to INR 6.06 billion. Analysts had estimated the net profit at INR 7.24 billion. Sequentially, the net profit was down 32%.

 

The company's standalone revenue from operations for the quarter was INR 106.77 billion, up 3% on year. Analysts had estimated the revenue at INR 105.79 billion. Sequentially, the revenue was down slightly.

 

The company's total expenses were INR 99.85 billion, up 4% on year. Its employee benefits expense rose 19% on year to INR 2.43 billion and the depreciation and amortisation expense was up 23% at INR 2.33 billion. The power and fuel expense of the company was up 38% on year at INR 8.19 billion and the expense of stores and spares consumed was up 19% at INR 5.74 billion. The company's other expenses rose 17% on year to INR 12.38 billion.

 

The company announced its June quarter earnings during market hours. Its shares rose briefly but closed at INR 731.70 apiece on the National Stock Exchange, down slightly from Friday.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation were INR 13.29 billion, against INR 13.10 billion in the year-ago quarter. The operating margin in the June quarter was 9.63%, down from 10.13% in the year-ago quarter.

 

The company said in a release that it reported a resilient performance in the June quarter despite supply-chain pressures from the war in West Asia. It said the performance was led by high demand across mobility, infrastructure, manufacturing, and consumer sectors. The automotive segment led the company's growth in the June quarter. Its special-grade volumes also grew in the reporting quarter. The company's exports remained stable at 11% of overall sales despite the challenging global environment, thanks to its diversified markets, according to the release.

 

"The first quarter of FY27 unfolded against an exceptionally dynamic operating environment, marked by supply chain disruptions and evolving global trade conditions," said Abhyuday Jindal, managing director of the company. "...India's stainless steel consumption continues to present a significant long-term growth opportunity, driven by expanding infrastructure, manufacturing and urbanisation."  End

 

Edited by Rajeev Pai

 

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