Jindal Stainless Limited has informed the Exchange that Board of Directors at its meeting held on May 04, 2026, recommended Final Dividend of Rs. 3 per equity share.
JSL · price
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On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 0.7 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Stainless Limited reported audited standalone net profit of Rs 2,842.95 crore for FY2026, up 4.9% from Rs 2,711.19 crore in FY2025. Revenue from operations grew to Rs 42,680.22 crore from Rs 40,181.68 crore. The Board recommended a final dividend of Rs 3 per equity share (face value Rs 2), taking total dividend for FY2026 to Rs 4 per share (including Rs 1 interim dividend paid in January 2026), compared to Rs 3 per share in FY2025. Diluted EPS improved to Rs 34.46 from Rs 32.91. The statutory auditors gave un-modified opinions on both standalone and consolidated results.
The 33% increase in total dividend (from Rs 3 to Rs 4 per share) signals strong cash generation and management confidence. Improved profitability metrics and un-modified audit opinions support a positive outlook for shareholders.