Jindal Stainless Q2 FY26 Results: Profit Jumps 32%, New Subsidiary Approved

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Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹716.10

prior close

₹745.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%+3.3% vs market

Iron & Steel peers, median of 9sector-0.2%+3.9% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Midcap 150 and 3.9 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+3.7+0.4+3.3-0.2+3.9

Next day

+1.8+1.2+0.6-0.7+2.5

+3.3+0.9+2.5+0.1+3.2

+3.0+0.9+2.0-1.7+4.7

+4.7+1.6+3.1-1.9+6.6

+4.8+1.0+3.8-2.7+7.5

+7.4+1.3+6.1-3.9+11.3

15d

+6.2+0.9+5.3-4.3+10.5

+8.2-1.1+9.3-6.6+14.8

+8.2-0.8+9.0-2.8+11.1

+11.7+1.1+10.6+3.0+8.7

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Stainless posted strong Q2 FY26 results. Standalone revenue rose to Rs 10,881 crore from Rs 9,746 crore a year ago, with net profit at Rs 644 crore. Consolidated net profit jumped to Rs 808 crore from Rs 609 crore, up 32 percent. Half year consolidated profit stood at Rs 1,523 crore versus Rs 1,255 crore. Board also approved setting up a new wholly owned subsidiary. PT Glory Metal Indonesia became a step down subsidiary from 1 July 2025.

Likely market impact

Strong profit growth signals improving margins and stable demand. New subsidiary opens room for future expansion, positive for shareholders.