Jindal Stainless Q2 Results | Net profit surges 32% to ₹807 crore as sales volume up 15%

Jindal Stainless Ltd (JSL) on Monday (November 10) reported a 32% year-on-year increase in net profit at ₹806.9 crore for the quarter ended September 2025, compared with ₹611.3 crore in the same period last year.

Revenue grew 11.4% year-on-year to ₹10,892 crore from ₹9,776 crore. EBITDA rose 16.9% to ₹1,387.9 crore from ₹1,186.9 crore in the year-ago period. Operating margin expanded to 12.7% in Q2 FY26 from 12.1% a year earlier.

On a standalone basis, sales volume rose 14.8% year-on-year to 6,48,050 tonnes. On a consolidated level, the company’s net debt stood at ₹3,646 crore, with a net debt-to-equity ratio of 0.2x, indicating a strong balance sheet position.

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Jindal Stainless reported steady demand across key user industries during the September quarter, driven by growth in industrial pipes and tubes, lifts and elevators, metro projects, railway coaches, and wagons. The white goods segment also saw higher traction, supported by festive-season demand.

The company continued to focus on customer-centric initiatives aimed at product authenticity and quality assurance. Its co-branding programme, 'Jindal Saathi Seal,' across pipes and tubes, kitchenware, and sinks segments further strengthened partner confidence through a shared commitment to excellence and trust.

Abhyuday Jindal, Managing Director, Jindal Stainless, said, "Our efforts are driven by a vision to make India the global benchmark in stainless steel manufacturing. As we navigate a complex global environment, our priority remains serving critical sectors with the strength of stainless steel while ensuring the highest quality benchmarks.

Also Read: Jindal Stainless Q1 results: Profit up 10% YoY, sales volume and revenue grows over 8%

The temporary suspension of the QCO is concerning and discouraging for the entire domestic industry. Amid the prevailing geopolitical complexities, we foresee an increased influx of sub-standard and cheap imports into the country. We hope the government continues with stronger frameworks for upholding quality
standards."

Shares of Jindal Stainless Ltd ended at ₹722.90, down by ₹10.00, or 1.36%, on the BSE.Read about our editorial guidelines and ethics policy