Jindal stainless steel shares plummet 7% after reporting Q1 results

Jindal stainless steel shares plummet 7% after reporting Q1 results

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Shares of Jindal Stainless fell 7% to their intraday layer of RS 682.05 on Thursday after the company has posted its Q1FY26 results, even after reporting a growth of 10.6% on an annual basis (YOY) in the net profit. The stainless steel major reported a profit after tax (Pat) of RS 715 Crore for the period 2025 April, an increase in RS 646 Crore in Q1FY25.

The net turnover of the company grew by 8.2% JoJ and reached RS 10,207 Crore in Q1FY26 against RS 9,430 Crore in the corresponding quarter last year. EBITDA rose with 8.1% JoJ to RS 1,310 Crore, supported by a robust demand from important domestic segments.


On a quarterly-on-quarter (QoQ) base, Pat grew by 21.1% compared to Q4FY25, while the turnover was largely flat with a marginal increase of 0.1%.

Jindal Stainless also reported a net debt of RS 3,869 Crore with a net debt / equity ratio of 0.2x, which reflects a healthy balance sheet position.

With regard to the geographical mix, the domestic market contributed 91% to the turnover of the company in Q1FY26, slightly lower than 92% in Q4FY25, but higher than 90% in Q1FY25. The export was good for the remaining 9%, with volumes that remained stable despite the global headwind.


The company has assigned its domestic growth to a strong demand from automotive, metro, white goods, lifts and lifts. Increased government focus on urbanization, infrastructure and metro projects helped to maintain the demand of stainless steel steel, in particular for metro rail systems and urban mobility infrastructure. Jindal Strakvrij also emphasized the success of his co-branding schedule ‘Jindal Saathi Seal’, who helped to strengthen the distributor and partner confidence, in particular in the pipes, tubes, kitchen kitchen, kitchen, kitchen, kitchen, kitchen, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitches, kitchen kitches Kitchen categories, and zinc categories. Initiatives such as the QR code -Loyality program were emphasized as improving customer involvement. Odoets confronted with geopolitical uncertainties and protectionist measures in large markets such as the EU and the US, the company was able to retain its export volumes. The management attributed this to a strategic focus on products with added value and a tailor -made approach to global customer needs.

The company intends to continue to explore export options in accordance with its long -term strategic goals.

“Despite Continued Volatility in The Global Landscape, Jindal Stainless Has Reinforced Its Market Leadership Underpinned by Our Customer-Centric Approach, Sustained Product and Special Grades Innovation, and Continued Ourtressceyact. As Railways, Automotive, And Infrastructure, While Unlocking New Opportunities Across The Sectors Through Strategic Partnerships and Application-Driven Offers, ”Said ABYUDAY Jindal, director of Jindal Stainless.

“Our initiatives such as co-branding programs and loyalty schemes redefine customer involvement and operational agility. If recognition of stainless steel steel wins as the material of choice for building nation, the need for a dedicated national stainless steel policy is becoming increasingly necessary,” he added.

Also read: Nazara Technologies Board to consider bonus problem, stock splitting on 12 August; Stock jumps 2%

((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)

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