Home / Business and Economy / Jindal Stainless Profit Soars 26.6% on Strong Q3
Jindal Stainless Profit Soars 26.6% on Strong Q3
21 Jan
Summary
- Net profit surged by 26.6% to ₹828.8 crore in the third quarter.
- Revenue increased by 6.2% year-on-year, reaching ₹10,517.6 crore.
- An interim dividend of 50% (Re 1 per share) was approved for FY26.
Jindal Stainless Ltd. announced exceptional third-quarter financial results, showcasing a significant 26.6% year-on-year increase in net profit. The company achieved a net profit of ₹828.8 crore, up from ₹654.3 crore in the same period last year. Revenue also saw a healthy rise of 6.2%, reaching ₹10,517.6 crore.
This improved financial performance was bolstered by enhanced operating efficiency and expanded margins, which grew to 13.4%. Accompanying these strong results, the board of directors approved an interim dividend of 50%, translating to Re 1 per equity share for the financial year 2025-26. The record date for this dividend is January 29, 2026.
Furthermore, the company's board reappointed Shruti Shrivastava, Aarti Gupta, and Ajay Mankotia as independent directors for a second consecutive three-year term. These directors have confirmed their eligibility to hold office. As of the announcement, Jindal Stainless Ltd. shares closed at ₹754 on the NSE.
