Outcome of Board Meeting
JSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Stainless Limited reported audited standalone financial results for FY26 with revenue from operations of Rs. 42,680.22 crore, up 6.2% from Rs. 40,181.68 crore in FY25. Net profit after tax stood at Rs. 2,842.95 crore versus Rs. 2,711.19 crore in the previous year, representing a growth of approximately 4.9%. The Board recommended a final dividend of Rs. 3 per equity share (face value Rs. 2), taking the total dividend for FY26 to Rs. 4 per share (including Rs. 1 interim dividend already paid), aggregating to Rs. 247.33 crore. Exceptional items included a gain of Rs. 91.17 crore from share buyback and Rs. 34.28 crore towards incremental impact of new Labour Codes. Both joint statutory auditors (Walker Chandiok & Co LLP and Lodha & Co LLP) have given an unmodified (clean) opinion on the financial statements.
The company delivered steady profit growth with EBITDA margin expansion to 10.13% from 9.72%, maintaining a healthy debt-equity ratio of 0.24 and strong interest coverage of 12.45x. The clean audit opinion and improved credit ratings (AA/Stable) reinforce financial stability, while the increased dividend payout is positive for shareholders.