The company saw its income rise 12 per cent to Rs 10,982.46 crore, compared to Rs 9,823.88 crore in the July-September period a year ago.Sales grew by around 15 percent to 6,48,050 tonnes from 5,64,627 tonnes in the same quarter last year.
The company said it witnessed consistent demand across key segments such as industrial pipes and tubes, elevators and elevators, metro, rail cars and wagons during the quarter.
The white goods segment also gained ground thanks to demand during the festive season. In a virtual media interaction, Abhyuday Jindal, Managing Director, Jindal Stainless said, “We have maintained our market share by maintaining competitive prices and improved services despite headwinds.” Imports from China and Vietnam continued to flood the market, disrupting the level playing field for Indian manufacturers, especially small and medium enterprises, he said.
Jindal said, “The temporary suspension of the QCO (quality control orders) is worrying and disheartening for the entire domestic industry. Amid the prevailing geopolitical complexities, we expect an increased inflow of substandard and cheap imports.”
During the quarter, the company developed high-strength stainless steel rebars for use in the bullet train project.
On the defense front, its Jindal Defense and Aerospace (JDA) arm has bagged an order from L&T for supply of high nitrogen steel plates for the Anti-Tank Guided Missile (ATGM) launch system.
Jindal Stainless partnered with Greenzo Energy India to commission a green hydrogen plant at its Jajpur plant in Odisha, with a capacity of 600 Nm3/hour, expected to be completed by mid-2026.
India’s leading stainless steel manufacturer Jindal Stainless had annual sales of Rs 40,182 crore (USD 4.75 billion) in FY25 and is ramping up its facilities to reach an annual smelting capacity of 4.2 million tonnes by FY27.
#Jindal #Stainless #results #Net #profit #grows #crore #higher #sales