Jindal Stainless Q1 profit rises 10% on higher sales, value-added mix
Jindal Stainless Q1FY26 net profit rises 10.2% Y-o-Y to Rs 714.16 crore on higher sales and value-added products, with domestic demand expected to grow at 9-10% CAGR
 "Jindal Stainless Q1 profit rises 10% on higher sales, value-added mix")
Jindal Stainless on Wednesday reported a 10.2 per cent year-on-year (Y-o-Y) increase in consolidated net profit (attributable to the company’s owners) in the first quarter of FY26 (Q1 FY26) to Rs 714.16 crore on the back of higher sales and an increase in value-added products.
The stainless steel manufacturer’s net profit in Q1 FY25 was Rs 648.06 crore.
Revenue from operations for Q1 FY26 on a consolidated basis was up 8.2 per cent at Rs 10,207.14 crore compared to Rs 9,429.76 crore in Q1 FY25. Sequentially, revenue was almost flat while net profit was up 20.8 per cent. Sales in Q1 FY26 increased 8.3 per cent Y-o-Y, said the company in a statement. ALSO READ: Shriram Life Q1 individual new business premium rises 21% on wider reach
Jindal Stainless had earlier expressed optimism about the US market, but on Wednesday Abhyuday Jindal, the company’s managing director, said there will be uncertainty there due to present ties between India and America. “But we are extremely bullish on the domestic market and that is where the focus is,” he said during a post-results media interaction.
Major Indian sectors like white goods, auto and infrastructure are growing, he said. “With further push in public expenditure and private capex, we will see an increase in our domestic supply and demand. We are expecting stainless steel demand to grow at 9-10 per cent CAGR (compound annual growth rate),” said the company. ALSO READ: NIIT MTS Q1 results: Profit dips 18% to ₹49.3 cr, revenue rises 11%
Exports accounted for 10 per cent of the company’s sales in Q1 FY25 and 9 per cent in Q1 FY26. The share was 8 per cent in Q4 FY25.
The Indian Stainless Steel Development Association (ISSDA), which represents the domestic steel industry, has sought anti-dumping duty on stainless steel imported from China, Indonesia and Vietnam.
Jindal Stainless said the anti-dumping duty was the “need of the hour” given trade uncertainties. However, in the short-term, India’s implementation of new standards had helped reduce imports. “Quality control order is very much required for this industry,” it said.