Jindal Stainless Ltd. reported a consolidated net profit of ₹8.08 billion for Q2 FY26 on revenue of ₹108.93 billion. The company also raised concerns over a rising influx of sub-standard and cheap stainless steel imports into India, warning of risks to domestic industry competitiveness and product quality standards.
Jindal Stainless Ltd., India’s largest stainless steel producer, posted its Q2 FY26 results with a consolidated net profit of ₹8.08 billion and revenue from operations at ₹108.93 billion. While the company maintained stable financial performance, it issued a cautionary note on the increasing volume of low-grade stainless steel imports entering the Indian market.
The management emphasized the need for stricter quality checks and trade safeguards to protect domestic manufacturers from unfair competition.
Key highlights from the earnings and industry outlook:
- Consolidated revenue stood at ₹108.93 billion, reflecting steady demand across infrastructure and industrial sectors
- Net profit for the quarter was ₹8.08 billion, supported by operational efficiency and cost control
- The company flagged a surge in sub-standard and cheap stainless steel imports, particularly from FTA-linked countries
- Management urged policymakers to implement quality control orders and anti-dumping measures to curb the influx
- Jindal Stainless continues to invest in capacity expansion and value-added product lines to strengthen its market position
- The company remains optimistic about long-term demand, driven by construction, railways, and clean energy sectors
Jindal Stainless’ Q2 performance underscores its operational resilience, while its import warning highlights the need for regulatory vigilance to ensure fair trade and industry sustainability.
Sources: The Hindu Business Line, ICICI Direct, Livemint, Jindal Stainless Investor Presentation