The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) increased 1.5% to ₹1,329 crore from ₹1,309.7 crore in the year-ago quarter. EBITDA margin stood at 11.8%, compared with 12.8% in the corresponding quarter last year.
Finished goods sales volume declined 7.3% year-on-year to 580,805 tonnes during the quarter. The company said it delivered a resilient operating and financial performance in the first quarter despite supply chain pressures arising from ongoing geopolitical disruptions.
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Consolidated net debt stood at ₹2,950 crore at the end of the quarter, while the net debt-to-equity ratio was 0.14 times.
“The company’s robust performance was underpinned by healthy demand across key end-use sectors including mobility, infrastructure, manufacturing, and consumer sectors. The automotive segment remained a strong growth driver while special-grade volumes also rose in Q1FY27.
Sales to the white goods segment and metro rail projects witnessed healthy growth during the quarter. With Indian Railways’ enhanced coach production plans, demand from the railway sector remained steadfast.
The company also secured orders for specialised stainless steel grades across the power, oil and gas sectors. Sales through Special Product Division, which includes mint, blade steel, precision strips and coin blanks, also continued to grow sequentially,” it said.
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Jindal Stainless said the first quarter unfolded against an unusually complex backdrop. “Arising from the Middle East crisis, the initial weeks of the quarter witnessed disruptions in the availability of industrial gases. The company proactively mitigated the impact by increasing the use of piped natural gas to offset the limited availability of propane and LPG.
Notwithstanding these remedial measures, the company had to moderate production across its manufacturing facilities on a temporary basis. Despite these challenges, the company reported finished goods sales volumes of 5,80,805 metric tonnes in Q1FY27, and maintained a healthy financial growth by continuing its traction on value-added products.”
“The export business remained stable amid a challenging global environment. A diversified market portfolio, supported by expanding opportunities in South Korea, Japan, and Brazil and continued presence in Europe and the U.S., helped maintain exports at 11% of the overall sales mix,” it added.
Abhyuday Jindal, Managing Director, Jindal Stainless, said, “The first quarter of FY27 unfolded against an exceptionally dynamic operating environment, marked by supply chain disruptions and evolving global trade conditions
Despite these challenges, our domestic business remained resilient, aided by our unrelenting focus on harnessing demand across key user segments and our enhanced offering of value-added products, while maintaining operational excellence and disciplined execution.
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The quarter reflects the steady progress we are making in strengthening the Company’s long-term fundamentals through investments in innovation, digital transformation, and sustainable operations.
India’s stainless steel consumption continues to present a significant long-term growth opportunity, driven by expanding infrastructure, manufacturing and urbanisation. While near-term uncertainties may persist, we remain confident in our strategy of premiumising our product portfolio, deepening customer partnerships, strategising our global presence and enhancing manufacturing competitiveness.”
Shares of Jindal Stainless Ltd ended at ₹729.25, down by ₹5.15, or 0.70%, on the BSE.
