JSL · price
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Jindal Stainless reported strong FY26 results with consolidated revenue of Rs 42,955 crore (up 9% YoY) and PAT of Rs 3,185 crore (up 27% YoY). Q4 FY26 PAT of Rs 834 crore jumped 41% YoY driven by improved EBITDA margins of Rs 1,455 crore (up 37% YoY). Standalone revenue was Rs 42,680 crore with PAT of Rs 2,843 crore. Net debt improved significantly to Rs 3,040 crore with Net Debt/EBITDA ratio improving to 0.55x from 0.86x in March 2025. Sales volume for Q4 FY26 was 642 thousand MT with domestic sales comprising 92% of the mix. The company operates 16 facilities across India, Spain and Indonesia, targeting 4.2 million tonnes annual melt capacity in FY27.
Strong margin expansion and debt reduction signal operational efficiency gains. The improved leverage ratio reduces financial risk and may support re-rating. PAT growth of 27% YoY reflects healthy demand across automobiles, infrastructure, and process industries.