Jindal Stainless Q1 Results: Revenue up 8.2% at Rs 10,207 crore, Net profit rises 10.6% YoY
The performance was supported by improved sales volumes, robust domestic demand from sectors like automotive, infrastructure, and metro, and sustained operational efficiencies. Net debt declined to Rs 3,869 crore, maintaining a low net debt-to-equity ratio of 0.2x.
Sales volume during the quarter was 6.26 lakh tonnes, up 8.3% YoY. Domestic sales accounted for 91% of the volume, while exports contributed 9%.
The company marked key milestones with stainless steel supply to Indore Metro, strategic defence orders, and commercial dispatches to BHEL. Its Gurugram office received LEED Platinum certification, and over 3,000 fabricators were trained under the Stainless Academy.
Managing Director Abhyuday Jindal highlighted the company's focus on innovation, digital manufacturing through Project Pragati, and reiterated the call for a national stainless steel policy to further strengthen the industry.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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