Jindal Stainless Q2 net profit climbs 11%

The company has reported a 21.99% rise its net profit at Rs 785.50 crore for the quarter ended September 30, 2026, as compared to Rs 643.89 crore for the same quarter in the previous year. Total income increased by 5.34% to Rs 11,565.91 crore for Q2FY27 as compared to Rs 10,979.63 crore for the corresponding quarter of the previous year. On a consolidated basis, the company has reported 10.86% rise in its net profit at Rs 894.58 crore for Q2FY27, as compared to Rs 806.94 crore for the same quarter in the previous year. Total income increased by 18.44% to Rs 13,007.59 crore for Q2FY27 as compared to Rs 10,982.46 crore for the corresponding quarter of the previous year. Outlook: - A strategic push into South Korea, Brazil, Colombia, South Africa, and Japan triggered a 36% jump in exports, lifting overall finished goods sales volumes 2.5% YoY to 664,378 tonnes. - Domestic demand anchored overall performance, generating 89% of total sales. This stability was largely powered by momentum in the automotive, railway, metro rail, and consumer durables industries. - The company kept its debt under tight control, closing with Rs. 3,121 crore in consolidated net debt and an ultra-low net debt-to-equity ratio of 0.15x.

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