Jindal Stainless Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JSL · price
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Jindal Stainless reported standalone revenue from operations of Rs 42,680 crore for FY26, up 6.2% from Rs 40,182 crore in FY25. Net profit after tax grew 4.9% to Rs 2,843 crore from Rs 2,711 crore. The company received an unmodified (clean) audit opinion from its joint statutory auditors. Board recommended a final dividend of Rs 3 per equity share, bringing total FY26 dividend to Rs 4 per share (including Rs 1 interim dividend). Exceptional items included a Rs 91.17 crore gain from buyback of shares by a subsidiary and Rs 34.28 crore impact from new labour codes. Debt equity ratio improved to 0.24 from 0.27, and interest service coverage ratio strengthened to 12.45x from 10.29x.
Positive signals include consistent profitability growth, improved leverage metrics, and higher dividends. The clean audit opinion removes key risks. Revenue and PAT growth rates are modest though sustained, with operating margins showing slight expansion to 10.13% from 9.72%.