Remember when “steel” in the headlines meant falling bridges or global trade wars? Jindal Stainless turned that script into a quarterly show of resilience—sales volume up 8% YoY to 6.26 lakh tonnes, EBITDA up 23% QoQ to ₹1,310 crore, and PAT up 21% QoQ to ₹715 crore. The twist? They’re chasing domestic demand like it’s IPL season, dodging global tariff volleys, and expanding co-branding from pipe & tube into kitchen sinks—literally.
Why now? Because the world’s trade chessboard is messy, but India’s infra and auto appetite is keeping stainless steel in fashion. And when your EBITDA/ton guidance survives nickel price mood swings, you’re doing something right.
Stick around—things get spicier two scrolls down.
AT A GLANCE
• Deliveries 6.26 lakh tonnes – Domestic push kept volumes steady QoQ
• EBITDA ₹1,310 cr – Product mix magic, up 23% QoQ
• PAT ₹715 cr – Up 11% YoY; margins polished, not plated
• Net debt ₹3,869 cr – Leverage ratio at a gym-trainer-approved 0.81x
MANAGEMENT’S KEY COMMENTARY
- “Domestic infra demand is our growth engine.”
Translation: Why wrestle with EU/US tariffs when Delhi Metro loves you?
- “Jindal Saathi co-branding now in kitchenware and sinks.”
Translation: If it’s shiny, we’ll brand it.
- “EBITDA/ton guidance ₹19k–₹21k stays.”
Translation: Nickel may tantrum, but our margins won’t.
- “Anti-dumping probe on China, Vietnam, Indonesia in motion.”
Translation: Waiting for the trade police to lock the door.
- “Maharashtra project planned at 4 MTPA
