Jindal Stainless Shines with 26% Profit Growth in Q3 FY26 Amidst Strong Domestic Demand

Jindal Stainless reported a 26% year-on-year increase in consolidated net profit for Q3 FY26, reaching Rs 828 crore. The company cited strong demand from sectors like automotive and railways and emphasized the need for regulatory standards to curb substandard imports from countries like China and Vietnam.

Jindal Stainless has demonstrated impressive financial performance by posting a 26% year-on-year increase in consolidated net profit, amounting to Rs 828 crore in the December quarter of FY26. This remarkable growth was propelled by heightened sales and robust demand within the domestic market.

The company attributes its sustained momentum to the thriving demand originating from crucial sectors such as automotive, ornamental pipes and tubes, railways & metro, and white goods. Jindal Stainless further highlights that the ongoing focus on infrastructure development, improved vertical transportation mechanisms, and bolstered transit networks has significantly contributed to its success.

Jindal Stainless reported a consolidated net revenue of Rs 10,518 crore, marking a 6.2% increase year-on-year, while EBITDA also saw a 16.6% rise to Rs 1,408 crore during the third quarter of FY26. Managing Director Abhyuday Jindal called for stringent regulatory measures to counter the influx of substandard imports, which threaten consumer safety and disrupt market equality, especially impacting Indian MSMEs.

(With inputs from agencies.)