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