Jindal Stainless Q1FY27 Earnings Presentation

Quarterly Comparison (Q1 FY27 vs Q4 FY26 vs Q1 FY26):

Revenue: Not explicitly quantified in the disclosed excerpts
Total Expenditure: ₹9,949 crore (Q1 FY27) vs ₹8,897 crore (Q4 FY26) - 12% increase quarter-on-quarter; vs ₹9,882 crore (Q1 FY26) - 1% increase year-on-year
EBITDA: ₹1,329 crore (Q1 FY27) vs ₹1,310 crore (Q4 FY26) - 1% increase; vs ₹1,455 crore (Q1 FY26) - 9% decrease
Other Income: ₹118 crore (Q1 FY27) vs ₹69 crore (Q4 FY26) - 72% increase; vs ₹91 crore (Q1 FY26) - 31% increase
Finance Cost: ₹146 crore (Q1 FY27) vs ₹144 crore (Q4 FY26) - 1% increase; vs ₹149 crore (Q1 FY26) - 2% decrease
Depreciation: ₹302 crore (Q1 FY27) vs ₹252 crore (Q4 FY26) - 20% increase; vs ₹278 crore (Q1 FY26) - 9% increase
Exceptional gain/(loss): None in Q1 FY27 and Q4 FY26; (₹46) crore loss in Q1 FY26
Share of profit/(loss) from associates: ₹35 crore profit (Q1 FY27) vs (₹14) crore loss (Q4 FY26); vs ₹39 crore profit (Q1 FY26) - 11% decrease
PBT: ₹1,034 crore (Q1 FY27) vs ₹969 crore (Q4 FY26) - 7% increase; vs ₹1,112 crore (Q1 FY26) - 7% decrease
Tax: ₹265 crore (Q1 FY27) vs ₹254 crore (Q4 FY26) - 4% increase; vs ₹278 crore (Q1 FY26) - 5% decrease
PAT: ₹769 crore (Q1 FY27) vs ₹715 crore (Q4 FY26) - 8% increase; vs ₹834 crore (Q1 FY26) - 8% decrease

As of June 2026 (with comparative figures):

Long term debt: ₹4,642 crore (vs ₹4,776 crore in Mar 2026; ₹5,169 crore in Mar 2025)
Short term debt: ₹2,006 crore (vs ₹1,466 crore in Mar 2026; ₹1,107 crore in Mar 2025)
Total Debt: ₹6,649 crore (vs ₹6,242 crore in Mar 2026; ₹6,275 crore in Mar 2025)
Cash & Bank balances: ₹3,698 crore (includes all bank deposits; vs ₹3,203 crore in Mar 2026; ₹2,284 crore in Mar 2025)
Net Debt: ₹2,950 crore (vs ₹3,040 crore in Mar 2026; ₹3,991 crore in Mar 2025)
Net Debt/Equity: 0.53 (Jun 2026) vs 0.55 (Mar 2026)
Net Debt/EBITDA: 0.15 (Jun 2026) vs 0.14 (Mar 2026)

Credit Ratings: Long term debt rated AA/Positive; Short term debt rated A1+

Finished Product Volume: Specific volume metrics mentioned but not quantified in the provided excerpts.

Market Update and Segment Performance:

Oil & Gas, Power Segment: Facing headwinds from fuel and gas disruptions and geopolitical factors
Emerging Applications: Growth in Chemicals & Fertilizers, Hydroelectric projects, Dairy segment, and Thermal Power Plants
Automobile Sector: Domestic demand remained resilient despite global disruptions; FY27 outlook positive
Railways Infrastructure: Healthy coach demand driven by Vande Bharat and Metro projects; K-RIDE project in Karnataka mandates high-strength austenitic stainless steel; Wagon demand impacted by slowdown in tender process
Process Industry: Stainless steel usage increasing in infrastructure (flyovers, ROBs, FOBs), particularly in coastal regions
Lift and Elevator & White Goods: Strong demand driven by urbanization and infrastructure development
Pipes & Tubes: Ornamental segment steady; positive domestic demand outlook for FY27

Angad Khurana, Head – Investor Relations

Tel: +91 11 4146 2157

Q1 FY27 Results conference call scheduled for Tuesday, 04th August 2026 at 16:00 hrs IST with senior management representation.