Jindal Stainless Q2 profit up 11.1% to Rs 898 crore on higher revenue
Jindal Stainless reported Q2 FY27 profit of Rs 898 crore, up 11.1%, as revenue rose 18.2% and exports grew. Source: Moody's.
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what happened
According to Moody's, Jindal Stainless lifted consolidated profit after tax by 11.1% year on year to Rs 898 crore for the quarter ended 30 September 2026, against Rs 808 crore a year earlier. Consolidated net revenue rose 18.2% to Rs 12,874 crore, while EBITDA grew 3.2% to Rs 1,433 crore.
Finished goods sales volume increased 14.4% from the previous quarter, and exports climbed 36% year on year. The company also flagged a sharp rise in stainless flat product imports from China, which in July 2026 reached 2.9 times the FY26 monthly average.
The company linked the import surge to the suspension of Quality Control Orders.
why it matters
Two factors stand out for markets: strong revenue and export growth alongside rising Chinese import pressure on India's stainless steel market. The company ties the import inflow to the suspension of quality controls.
tags
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sources
- Jindal Stainless Q2 Profit Rises 11.1% To Rs 898 Cr, Revenue Up 18.2% — Moody's, 23 October 2026 at 06:29 UTC
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