Latest news with #AbhyudayJindal
Business Standard
2 days ago
- Business
- Business Standard
Jindal Stainless posts 11% YoY rise in Q1 PAT; EBITDA rises to Rs 1,310 crore
Jindal Stainless has reported 11% rise in consolidated net profit to Rs 715 crore on a 8% increase in revenue from operations to Rs 10,207 crore in Q1 FY26 over Q1 FY25. Total expenditure for the period under review aggregated to Rs 8,897 crore, up 8% YoY. EBIDTA improved by 8% to Rs 1,310 crore in Q1 FY26 from Rs 1,212 crore in Q1 FY25. Profit before tax (PBT) in Q1 FY26 was at Rs 969 crore, up by 9% from Rs 886 crore posted in Q1 FY25. Abhyuday Jindal, managing director, Jindal Stainless, said: Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency. We are advancing our presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings. Our initiatives like co-branding programmes and loyalty schemes are redefining customer engagement and operational agility." Jindal Stainless is Indias leading stainless-steel manufacturer of stainless steel flat products, in austenitic, ferritic, martensitic and duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods, etc. The scrip declined 3.32% to currently trade at Rs 709.60 on the BSE.
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Business Standard
2 days ago
- Business
- Business Standard
Jindal Stainless shares slide 7% even as Q1 profit rises; here's why
Shares of Jindal Stainless fell over 7 per cent on Thursday, despite a 10.2 per cent year-on-year (Y-o-Y) rise in the June quarter profit, as management flagged caution over tariff uncertainty with the US. The iron and steel maker's stock fell as much as 7.29 per cent during the day to ₹680.5 per share, the steepest intraday fall since April 7 this year. The stock was trading 3.18 per cent lower at ₹710.6 apiece, compared to a 0.57 per cent decline in Nifty 50 as of 12:25 PM. Shares of the company have risen by over 12 per cent in the last eight sessions until Wednesday and currently trade at 3.7 times the average 30-day trading volume. The counter has risen 1.9 per cent this year, compared to a 3.6 per cent advance in the benchmark Nifty 50. Jindal Stainless has a total market capitalisation of ₹58,780.08 crore. Track LIVE Stock Market Updates Here Jindal Stainless Q1 results The company reported a 10.2 per cent Y-o-Y increase in consolidated net profit in the first quarter of FY26 (Q1 FY26) to ₹714.16 crore on the back of higher sales and an increase in value-added products. The stainless steel manufacturer's net profit in Q1 FY25 was ₹648.06 crore. Revenue from operations for Q1 FY26 on a consolidated basis was up 8.2 per cent at ₹10,207.14 crore compared to ₹9,429.76 crore in Q1 FY25. Sequentially, revenue was almost flat while net profit was up 20.8 per cent. Sales in Q1 FY26 increased 8.3 per cent Y-o-Y, said the company in a statement. Jindal Stainless flags trade uncertainty with the US Abhyuday Jindal, managing director, said there will be uncertainty there due to the present ties between India and America. "But we are extremely bullish on the domestic market and that is where the focus is," he said during a post-results media interaction. Major Indian sectors like white goods, auto and infrastructure are growing, he said. "With further push in public expenditure and private capex, we will see an increase in our domestic supply and demand. We are expecting stainless steel demand to grow at 9-10 per cent CAGR," said the company. Motilal Oswal on Jindal Stainless Q1 results The brokerage noted that Jindal Stainless reported an in-line revenue for the first quarter of FY26. Adjusted Ebitda beat estimates due to lower-than-expected costs. Motilal Oswal has a 'Buy' rating for the stock. Ebitda per tonne improved 27 per cent sequentially, supported by favourable pricing and cost efficiencies. Sales volume for the quarter stood at 626 KT, up 8 per cent Y-o-Y and down 3 per cent Q-o-Q, in line with estimates, Motilal Oswal said. The share of exports rose to 9 per cent from 8 per cent in Q4FY25.
Time of India
3 days ago
- Business
- Time of India
Jindal Stainless MD calls for anti-dumping duty amid global uncertainties
Advt Advt An anti-dumping duty on stainless steel is crucial for the domestic industry , given the steep US tariffs and increasing global trade uncertainties Jindal Stainless managing director Abhyuday Jindal said on Wednesday.'The situation is urgent because this is where the growth is coming. India is where the market is growing. This is where investments are coming in… Rather than making our infrastructure Chinese-made, it should be Indian-made,' he said after the company announced its first quarter domestic stainless steel industry has been in talks with the Centre for the imposition of an anti-dumping duty for some time Stainless reported a 10.6 per cent year-on-year rise in its consolidated profit for the quarter ended June to ₹715 crore, while its consolidated revenue increased 8.2 per cent to ₹10,207 before interest, tax, depreciation and amortisation (Ebitda) rose 8.1 per cent year on year to ₹1,310 Indian Stainless Steel Development Association in June submitted an application to the Directorate General of Trade Remedies (DGTR), seeking anti-dumping consumed 4.85 million tonnes of stainless steel in FY25, with imports accounting for almost 36 per cent at around 1.73 million Indonesia, Vietnam and South Korea were among the countries from where stainless steel came into imports have been hurting the domestic industry, exports have not been strong quarter, Jindal Stainless had said it aims to export 22,000-25,000 tonnes of stainless steel each month this fiscal year, up from 16,000-18,000 tonnes in FY25.'We were definitely quite bullish on the US, but with this latest news (of additional tariffs) and the kind of behaviour we are seeing from (President Donald) Trump and the US administration, it is a little bit uncertain at the moment,' Jindal much as three-fourth of India's stainless steel exports have been catering to the US and European though, remains bullish on domestic markets, where he sees volumes rising by 9-10 per cent this fiscal. The company sold 626,000 tonnes of stainless steel during April-June, up 8.3 per cent compared to the previous Stainless reported its earnings after market hours. Its shares closed at ₹733.95 on the BSE on Wednesday, up 1.1 per cent from the previous close.
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Business Standard
3 days ago
- Business
- Business Standard
Jindal Stainless Q1 profit rises 10% on higher sales, value-added mix
Jindal Stainless on Wednesday reported a 10.2 per cent year-on-year (Y-o-Y) increase in consolidated net profit (attributable to the company's owners) in the first quarter of FY26 (Q1 FY26) to Rs 714.16 crore on the back of higher sales and an increase in value-added products. The stainless steel manufacturer's net profit in Q1 FY25 was Rs 648.06 crore. Revenue from operations for Q1 FY26 on a consolidated basis was up 8.2 per cent at Rs 10,207.14 crore compared to Rs 9,429.76 crore in Q1 FY25. Sequentially, revenue was almost flat while net profit was up 20.8 per cent. Sales in Q1 FY26 increased 8.3 per cent Y-o-Y, said the company in a statement. Jindal Stainless had earlier expressed optimism about the US market, but on Wednesday Abhyuday Jindal, the company's managing director, said there will be uncertainty there due to present ties between India and America. 'But we are extremely bullish on the domestic market and that is where the focus is,' he said during a post-results media interaction. Major Indian sectors like white goods, auto and infrastructure are growing, he said. 'With further push in public expenditure and private capex, we will see an increase in our domestic supply and demand. We are expecting stainless steel demand to grow at 9-10 per cent CAGR (compound annual growth rate),' said the company. Exports accounted for 10 per cent of the company's sales in Q1 FY25 and 9 per cent in Q1 FY26. The share was 8 per cent in Q4 FY25. The Indian Stainless Steel Development Association (ISSDA), which represents the domestic steel industry, has sought anti-dumping duty on stainless steel imported from China, Indonesia and Vietnam. Jindal Stainless said the anti-dumping duty was the 'need of the hour' given trade uncertainties. However, in the short-term, India's implementation of new standards had helped reduce imports. 'Quality control order is very much required for this industry,' it said.
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Business Standard
3 days ago
- Business
- Business Standard
Jindal Stainless Q1 result: PAT up 10.6% at ₹715 cr driven by strong income
Jindal Stainless on Wednesday reported a 10.61 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 714.66 crore for the April-June quarter of 2025-26, mainly on account of improved operational efficiencies coupled with higher income. Jindal Stainless, which is the largest Indian stainless steel company, had logged a net profit of Rs 646.07 crore in April-June 2024-25, the company said in an exchange filing. In the first quarter, the company's consolidated total income rose to Rs 10,276.01 crore from Rs 9,480.50 crore in the June quarter of 2024-25. Expenses were at Rs 9,293.30 crore as against Rs 8,593.13 crore in year ago period. In a separate statement, the company said its consolidated net debt was at Rs 3,869 crore, while the net debt-to-equity ratio was at 0.2x. "The company's agility in balancing demand across domestic and export markets, its focus on product innovation across sectors including increased emphasis on value-added segments and downstream offerings and improved operational efficiencies have enabled it to deliver a sustained performance," it said. Sales volume increased to 6,26,252 tonnes, up 8.3 per cent from 5,78,143 tonnes in Q1FY25. Of the total sales, the domestic market contributed 91 per cent, while 9 per cent were shipped to export markets like the US, Europe, among others. In a post-earnings call, Jindal Stainless MD Abhyuday Jindal, said, "Despite continued volatility in the global landscape, the company has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency." Jindal said the company continues to increase presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings. Replying to a question related to the US administration's tariff-related moves, he said any change in export strategies will be worked out only after uncertainty ends in global markets. "We will work on strategies to increase or decrease supplies once there is clarity. Our supplies to the US and Europe continue without any impact on margins," the MD said. Going forward, the focus will remain on the domestic market where demand continues to grow and the company will also continue to explore new markets like Japan etc, he said.
