Jindal Stainless Q4 FY26 Results: Profit Climbs Over 41% To ₹844 Crore; ₹3 Dividend Declared

For the March quarter of FY26, Jindal Stainless Ltd (JSL) reported solid growth in both revenue and profit. Following the financials, on 4 May 2026, JSL shares ended 1.43% higher at ₹778.40 on the NSE.

For Q4 FY26, the company's consolidated revenue from operations stood at ₹11,337 crore, up 7.8% sequentially from ₹10,518 crore in the previous quarter. On a yearly basis, revenue rose 11.2% from ₹10,292 crore.

Other Key Q4 FY26 Numbers

• Profit after tax (PAT) came in at ₹844 crore, up 41.5% YoY from ₹590 crore in the year-ago period. On a sequential basis, the bottom line was 1.9% higher than the ₹828 crore reported in Q3 FY26.

• Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3.3% sequentially to ₹1,455 crore, against ₹1,408 crore in the previous quarter. EBITDA margin slipped slightly to 12.8% from 13.4% a year earlier, weighed down by energy-related cost pressures.

• Finished goods standalone sales volume during the quarter stood at 6,41,743 tonnes.

• For the full year FY26, finished goods sales volume rose 8.13% YoY to 25,65,902 tonnes. Consolidated revenue grew 9.7% YoY to ₹42,955 crore, while PAT jumped 27.43% YoY to ₹3,185 crore.

The company said domestic demand was firm across automotive, pipes and tubes, metros, lifts and elevators, and white goods. Adoption of stainless steel also continued to grow in segments like infrastructure, electric vehicles, trailers, containers, real estate, defence and aerospace, supported by the rising preference for materials that last longer and are easier to recycle.

The company also flagged a few headwinds during the year. Imports from China and Vietnam, often rerouted through ASEAN countries, continued to put pressure on the domestic stainless steel industry. On the export side, geopolitical issues in West Asia caused fuel-related disruptions, since the region is a key source for propane, LPG and natural gas used in stainless steel making. Despite this, the company said its push into markets like Japan, South Korea, Taiwan and Germany continued to gain ground, supported by value-added products and stable margins.

Dividend

The board recommended a final dividend of ₹3 per equity share of face value ₹2 for FY26, subject to shareholder approval. Including the interim dividend of ₹1 per share approved earlier in January, the total dividend payout for the year stands at ₹4 per equity share.

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Outlook

Jindal Stainless continues to expand its facilities as it works towards an annual melt capacity of 4.2 million metric tonnes by FY27. By the end of March 2026, the company has 16 stainless steel plants across India, Spain, and Indonesia. Its international network spans across 12 countries.

Sources:

The Hindu

Economic Times

NDTV Profit