Key Financial Performance (FY26)

  • Consolidated Revenue: ₹42,955 crore
  • EBITDA: ₹5,560 crore (19.2% year-on-year increase)
  • Profit After Tax: ₹3,185 crore (27.4% year-on-year growth)
  • Finished Goods Sales Volume: 2.57 million tonnes (record level)
  • Net Debt-to-Equity Ratio: 0.15x

Strategic Initiatives and Capacity Expansion

  • Commissioned 1.2 MTPA stainless steel melt shop in Indonesia ahead of schedule
  • Increased global melting capacity to 4.2 MTPA
  • Continued downstream expansion across India to enhance value-added capabilities
  • Developed specialized stainless steel solutions for defense, aerospace, mobility, railways and industrial applications
  • Secured first commercial aerospace order for India's Small Satellite Launch Vehicle programme

Sustainability Initiatives

  • Advanced 315.6 MW solar-wind hybrid renewable energy project with Oyster Renewable Energy
  • Renewable sources accounted for 47% of total electricity consumption at Hisar and Jajpur facilities
  • Maintained approximately 70% recycled scrap utilization in Electric Arc Furnace-based manufacturing
  • Committed to reducing Scope 1 and Scope 2 emissions by 50% by 2035
  • Targeting Net Zero by 2050

CSR and Community Engagement

  • CSR programs (Swachhata Abhiyaan, Asmita, Sakhyam, Niramaya) impacted over 1 lakh people
  • Over 57,000 girls and women impacted through skilling projects
  • Stainless Academy education and skilling initiative impacted over 82,000 people in fabricators ecosystem

Consumer Engagement and Brand Building

  • Launched first national brand campaign featuring brand ambassador Ranveer Singh
  • Expanded Jindal Saathi programme
  • Continued growth of Jindal Saathi Pragati loyalty platform
  • Evolution towards stronger B2C business model

Market Context

  • Document references India's vision of Viksit Bharat 2047 emphasizing infrastructure durability
  • Cites Nomura report estimating corrosion costs Indian economy ₹14.1 lakh crore annually
  • Highlights stainless steel's corrosion resistance, durability and recyclability as critical for infrastructure

Corporate Overview

  • Annual turnover: ₹42,955 crore (USD 4.86 billion) in FY26
  • 16 stainless steel manufacturing and processing facilities in India and abroad (Spain and Indonesia)
  • Worldwide network in 12 countries as of March 2026
  • 10 sales offices and 6 service centers in India
  • Product range includes slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks
  • Founded in 1970, uses electric arc furnace manufacturing process

Additional Information

Full report available on company website at provided URL. Document signed by Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer.