Jindal Stainless Ltd

Jindal Stainless Limited has set the record date for the purpose of payment of a final dividend of Rs 3 per equity share of face value Rs 2 each for the financial year ended March 31, 2026, at August 21, 2026, according to a regulatory filing. The dividend will be paid within 30 days of the Annual General Meeting, subject to applicable tax deductions.

Jindal Stainless Ltd share price declined by 0.44% to Rs 734.4 after the company's net profit softened by 7.86% to Rs 768.66 crore, while revenue from operations eased by 0.52% to Rs 11278.54 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel industry group stocks on BSE stood at Rs 8.95 lakh crore, declining 5.78%. It has inched up 2.70% over last one week and edged lower by 4.67% in last one month while the market capitalization of Jindal Stainless Ltd has marginally improved by 1.44% and 5.80% in the same period respectively. Profit before tax (PBT) of Jindal Stainless Ltd stood at Rs 1033.59 crore in Q2 FY26, gaining 6.66% year-on-year, and slipping 7.08% quarter-on-quarter. EBITDA came in at Rs 1211 crore, slipping 2.43% YoY and retreating 11.24% sequentially. Total expenses saw a slight increase of 0.90% to Rs 10251.76 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 7860.99 crore, advancing by 16.96% YoY, while employee benefits expense was at Rs 292.61 crore, surging 20.13% YoY. For the TTM ended FY26, revenue from operations inched higher 1.94% to Rs 39312.21 crore, while net profit slipped by 7.19% to Rs 2499.72 crore, compared to previous TTM. EBITDA surged by 461146% to Rs 4375.78 crore, and PBT softened 7.06% to Rs 3338.96 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 4718.36 crore in FY26, as against Rs 4818.13 crore in FY25. Jindal Stainless Ltd rose by 5.78% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 3.81% during the same period.

Jindal Stainless Limited reported a net revenue of INR 11,279 crore for the quarter ended June 30, 2026, a 10.5% year-on-year increase, according to a press release issued Thursday. The company’s profit after tax (PAT) rose to INR 769 crore, up 7.6% year-on-year, despite supply chain pressures related to geopolitical disruptions, while consolidated net debt stood at INR 2,950 crore and the net debt-to-equity ratio was at 0.14x.

Jindal Stainless’ Hisar unit has received the Times Internet Ecopreneur Award 2026 for Lifetime Achievement in Sustainability, recognizing the company's commitment to decarbonization, resource efficiency, and responsible manufacturing. The award acknowledges the facility’s efforts to build a low-carbon stainless steel manufacturing ecosystem, including increasing the share of renewable electricity in its power mix to 67% in the first quarter of fiscal year 2027, a reduction of 12% in greenhouse gas emission intensity, and achieving a 'Zero Waste to Landfill' Platinum+ rating for fiscal year 2024–25. Jindal Stainless reported an annual turnover of INR 42,955 crore (USD 4.86 billion) in fiscal year 2026 and an annual melt capacity of 4.2 million tonnes.

Jindal Stainless’ Jajpur unit received three awards at the Total Quality Management (TQM) Convention 2026, organized by the Quality Circle Forum of India (QCFI), Pune Chapter, for Lean Six Sigma projects focused on enhancing operational efficiency and product quality. Team Manganese from the Steel Melt Shop (AOD) and Team Alpha from the Hot Strip Mill each won a Gold Award, while Team Comet from Central Quality received a Silver Award, demonstrating the company’s commitment to quality excellence and continuous improvement; Jindal Stainless reported an annual turnover of Rs 42,955 crore (USD 4.86 billion) in fiscal year 2026 and has a melt capacity of 4.2 million tonnes.

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Jindal Stainless has won six prestigious honours at the 12th National Awards for Manufacturing Competitiveness (NAMC). The company's Hisar unit was conferred the Gold Medal and AatmaNirbhar Nation Builder Award under the AatmaNirbhar Factory Recognition Program (AFRP) for the fourth consecutive year along with the Diamond Medal for the second consecutive year, recognizing its sustained performance and operational excellence. The unit was also adjudged the 2nd Runner-Up in the overall NAMC rankings, further reinforcing its position as a benchmark for manufacturing excellence. The Mundra unit secured the Silver Medal and the AatmaNirbhar Factory Recognition under the AatmaNirbhar Factory Recognition Program (AFRP), reflecting its commitment to manufacturing excellence, operational efficiency, and continuous improvement. The achievement reflects the impact of several strategic initiatives implemented at the facility, including the adoption of Total Productive Maintenance (TPM) and Lean Manufacturing practices, advancement of digitalisation and Industry 4.0 initiatives, strengthening of quality, safety, health and environment (QSHE) systems, and fostering a culture of continuous improvement through quality circles. The unit has also focused on energy efficiency, sustainability, resource optimisation, employee capability development, cross functional collaboration, and customer-centric, data-driven operational excellence practices.

Jindal Stainless Ltd is up for a third straight session in a row. The stock is quoting at Rs 739.1, up 2.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24131.9. The Sensex is at 77415.3, up 0.3%. Jindal Stainless Ltd has added around 1.54% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has added around 3.65% in last one month and is currently quoting at 12536.9, down 0.01% on the day. The volume in the stock stood at 3.73 lakh shares today, compared to the daily average of 6.57 lakh shares in last one month.The PE of the stock is 21.93 based on TTM earnings ending March 26.Powered by Capital Market - Live

Jindal Stainless Ltd rose for a third straight session today. The stock is quoting at Rs 722.8, up 1.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24188.05. The Sensex is at 77527.52, up 1.02%. Jindal Stainless Ltd has added around 6.4% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has added around 0.1% in last one month and is currently quoting at 12503.3, up 1.74% on the day. The volume in the stock stood at 3.47 lakh shares today, compared to the daily average of 6.64 lakh shares in last one month.The PE of the stock is 21.45 based on TTM earnings ending March 26.Powered by Capital Market - Live

The appointment was approved based on the recommendations of the Nomination & Remuneration Committee and the Audit Committee, the company said in a regulatory filing. Following Mehta's appointment, Tarun Kumar Khulbe will cease to hold the additional charge of CFO, while continuing as Chief Executive Officer (CEO) and Whole-time Director of the company. Khulbe had been entrusted with the additional responsibility of CFO since June 25, 2025. The board also approved the reclassification of PT Glory Metal Indonesia as an associate of the company with effect from July 1, 2026. Mehta is a Chartered Accountant and Cost Accountant with more than 25 years of experience across sectors such as power, steel, ports and logistics, technology and IT-enabled services. Before joining Jindal Stainless, he served as CFO of Adani Energy Solutions Ltd. During his career, he has also held leadership roles at Adani Electricity Mumbai Ltd, Adani Ports & Special Economic Zone and Essar Steel India. His expertise spans corporate finance, treasury and working capital management, financial planning and analysis, budgeting, governance, risk management, fundraising, investor relations, financial restructuring and finance transformation initiatives. The company said Mehta is not related to any director on the board. Jindal Stainless manufactures stainless steel using electric arc furnace. The company's product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2026. The company reported 3.61% decline in standalone net profit to Rs 891.57 crore despite a 0.38% rise in revenue from operations to Rs 10,826.47 crore in Q4 FY26 over Q4 FY25. The scrip rose 0.06% to Rs 695.10 on the BSE. Powered by Capital Market - Live