Abhyuday Jindal, Managing Director, Jindal Stainless,
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Jindal Stainless reported that its net profit in the June quarter was up 6 per cent at ₹769 crore against ₹715 crore logged in the same period last year, on the back of higher realisation.Revenue was up 11 per cent at ₹11,279 crore (₹10,207 crore).EBITDA increased 1.5 per cent to ₹1,329 crore. The realisation has improved 10 per cent year-on-year.Finished goods sales volume was down 7 per cent at 580,805 tonnes as the company curtailed production of low value stainless steel grade due to shortage of gas and propene supply.The quarter started off with an unusually complex backdrop. Arising from West Asia 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 moderated production across its manufacturing facilities on a temporary basis. The export business remained stable amid a challenging global environment.Abhyuday Jindal, Managing Director, Jindal Stainless, said despite the operational challenges, the domestic business remained resilient, aided by unrelenting focus on harnessing demand across key user segments and enhanced offering of value-added products, while maintaining operational and disciplined execution.The quarter reflects the steady progress in strengthening the company’s long-term fundamentals through investments in innovation, digital transformation and sustainable operations, he said.While near-term uncertainties may persist, the company remains confident in its strategy of premiumising product portfolio, deepening customer partnerships, strategising global presence and enhancing manufacturing competitiveness, he said.The company is scouting for chrome ore in India to bring down cost and ensure domestic supply of raw material, he said.Tarun Kumar Khulbe, Chief Executive Officer, Jindal Stainless, said the freight and insurance cost still remains elevated though it has come down from its peak while the availability of vessel also remains an issue.The ability to pass on the incremental cost to the end customers depends on many moving parts including the cost of raw material, freight cost and overall supply-demand situation, he added.Published on August 3, 2026
