Strong Q4 and FY26 performance boosts Jindal Stainless, but rising fuel costs linked to the West Asia crisis may compress margins and moderate growth outlook in FY27
Jindal Stainless on Monday posted over 41 per cent growth in consolidated net profit to Rs 834.21 crore during the quarter ended March 31, driven by higher revenues. The company had reported a net profit of Rs 589.96 crore in the year-ago period, according to an exchange filing. During the fourth quarter, the company's total income rose to Rs 11,427.91 crore from Rs 10,292.27 crore in the January-March period of the preceding 2024-25 financial year. For the entire FY26, the company's net profit jumped to Rs 3,184 crore from Rs 2,499.72 crore in the year ago. Total income rose to Rs 43,306.14 crore during the fiscal ended March 2026, from Rs 39,603.06 crore in 2024-25 financial year.
Buying in the sector came despite a setback in overall market sentiment, as tensions in West Asia resurfaced just a day after the United States and Iran agreed to a temporary two-week ceasefire
Nifty Metal fell as much as 1.6 per cent in trade to day's low at 11,156.7. At 10:49 PM, 14 out of 15 stocks on the index traded with losses
Jindal Stainless has commissioned a 1.2 MTPA melt shop in Indonesia and plans Rs 900 crore investment to expand downstream cold rolling capacities
Stocks to Watch today, March 16: Jindal Stainless, Seamec, Adani Power, GMR Airports, IndiGo, and Voltas are among the top stocks
Jindal Stainless, the country's biggest stainless steel producer, had last week warned of possible shipment delays
According to analysts, the broader weakness in metal stocks reflects the risk-off sentiment across global markets amid rising geopolitical tensions
The country's biggest stainless steel producer said West Asia accounted for a small share of its export market but that the company remained committed to serving the region
Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia
Tata Steel, JSW Steel and Jindal Steel hit their respective all-time highs on the NSE today
Individually, Hindalco and Nalco shares fell as aluminium prices peaked, which does not bode well for Indian aluminium companies, as it may impact their earnings, according to InCred Equities
India's steel consumption to grow by 8 per cent- 9 per cent in the next few years, aided by strong demand from the infrastructure, construction and manufacturing sectors, believe analysts.
In fiscal 2024-25 (FY25), India, according to HSBC, exported $76 billion worth of goods to the EU and bought $61 billion worth of goods from the EU
Here is the complete list of stocks that will remain in focus during today's trading session following their decision to reward their shareholders with dividends
In the December quarter (Q3FY26), Jindal Stainless reported a 26.6 per cent year-on-year (Y-o-Y) rise in its consolidated net profit to ₹828 crore, as against ₹654 crore in Q3FY25
Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains
Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.
Motilal Oswal said the Nifty is trading at a 12-month forward P/E of 21.2x, near its long-period average of 20.8x, suggesting valuations are reasonable.
Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.