Jindal Stainless' Q3 FY 2025-26 Quarterly Results
- 22 Jan 2026
Result Summary
- Jindal Stainless Ltd reported a 3.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.1%.
- Its expenses for the quarter were down by 4.0% QoQ and up 4.5% YoY.
- The net profit increased 2.5% QoQ and increased 26.5% YoY.
- The earnings per share (EPS) of Jindal Stainless Ltd stood at 10.05 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 10619.76 | 10982.46 | 10006.41 | -3.3% | 6.1% |
Total Expenses | 9512.69 | 9907.66 | 9101.90 | -4.0% | 4.5% |
Profit Before Tax | 1077.02 | 1092.21 | 904.51 | -1.4% | 19.1% |
Tax | 254.50 | 270.50 | 235.73 | -5.9% | 8.0% |
Profit After Tax | 827.78 | 807.92 | 654.27 | 2.5% | 26.5% |
Earnings Per Share | 10.05 | 9.78 | 7.95 | 2.8% | 26.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jindal Stainless Ltd is a prominent player in the stainless steel industry, primarily involved in the production and supply of stainless steel products. As one of the leading stainless steel manufacturers in India, the company offers a wide range of products, including flat and long stainless steel products, used in various industries such as automotive, construction, and consumer goods. The company is known for its technological advancements and sustainable practices. Recent developments in the industry have seen increased demand for stainless steel due to infrastructure projects and industrial growth, although specific recent developments concerning Jindal Stainless Ltd are not available from the provided data.
Revenue
In the third quarter of the fiscal year 2026, Jindal Stainless Ltd reported a total income of ₹10,619.76 crores, which reflects a decrease of 3.3% compared to the previous quarter (Q2FY26) where the total income was ₹10,982.46 crores. However, when comparing year-over-year, the total income increased by 6.1% from ₹10,006.41 crores in the third quarter of the fiscal year 2025 (Q3FY25). The quarterly decline in revenue could be indicative of seasonal fluctuations or changes in market demand, while the year-over-year increase suggests growth in the company's business operations over the past year.
Profitability
The company posted a profit before tax of ₹1,077.02 crores in Q3FY26, which is slightly down by 1.4% from ₹1,092.21 crores in Q2FY26. Year-over-year, there is a significant increase of 19.1% from the ₹904.51 crores reported in Q3FY25. The tax expenses for the quarter stood at ₹254.50 crores, showing a decrease of 5.9% from the previous quarter's ₹270.50 crores, and an 8.0% increase from the ₹235.73 crores in the same quarter last year. Consequently, the profit after tax for Q3FY26 was ₹827.78 crores, marking a 2.5% increase from the previous quarter and a substantial 26.5% increase year-over-year. This reflects that the company has managed to improve its profitability despite the decline in quarterly revenue.
Operating Metrics
Earnings per share (EPS) for Jindal Stainless Ltd in Q3FY26 were ₹10.05, up 2.8% from ₹9.78 in the previous quarter and 26.4% higher compared to the ₹7.95 recorded in Q3FY25. The rise in EPS aligns with the increase in profit after tax, indicating enhanced earnings capability per share over both the quarterly and yearly periods. The total expenses for Q3FY26 were ₹9,512.69 crores, which decreased by 4.0% from Q2FY26's ₹9,907.66 crores, while showing a 4.5% increase from the ₹9,101.90 crores in Q3FY25. This suggests an effective management of operational costs in the recent quarter while maintaining growth compared to the previous year.