Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half-Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Unmodified conclusion by joint statutory auditors Walker Chandiok & Co LLP and Lodha & Co LLP for both standalone and consolidated financial results.
Key Financial Highlights [₹ in crores]:
Standalone Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹11,413.28 (vs ₹10,880.89 in Q2 FY26, +4.9% YoY)
- Total Income: ₹11,565.91
- Net Profit: ₹785.50 (vs ₹643.89 in Q2 FY26, +22% YoY)
- EPS (Basic): ₹9.53 (vs ₹7.82 in Q2 FY26)
- EPS (Diluted): ₹9.51 (vs ₹7.81 in Q2 FY26)
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹22,089.83 (vs ₹21,221.40 in H1 FY26, +4.1% YoY)
- Total Income: ₹22,366.34
- Net Profit: ₹1,391.39 (vs ₹1,285.53 in H1 FY26, +8.2% YoY)
- EPS (Basic): ₹16.88 (vs ₹15.61 in H1 FY26)
- EPS (Diluted): ₹16.85 (vs ₹15.59 in H1 FY26)
Standalone Balance Sheet (as of September 30, 2026):
- Total Assets: ₹38,712.36 crore
- Equity Share Capital: ₹164.84 crore
- Other Equity: ₹19,890.74 crore
- Total Borrowings: ₹5,147.56 crore (Non-current: ₹2,926.10 crore, Current: ₹2,221.46 crore)
Consolidated Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹12,873.86 (vs ₹10,892.78 in Q2 FY26, +18.2% YoY)
- Total Income: ₹13,007.59
- Net Profit: ₹897.75 (vs ₹807.92 in Q2 FY26, +11.1% YoY)
- EPS (Basic): ₹10.85 (vs ₹9.80 in Q2 FY26)
- EPS (Diluted): ₹10.84 (vs ₹9.78 in Q2 FY26)
- Attributable to owners of parent: ₹894.58 crore
- Non-controlling interest: ₹3.17 crore
Half-Year ended September 30, 2026:
- Revenue from Operations: ₹24,152.40 (vs ₹21,099.92 in H1 FY26, +14.5% YoY)
- Total Income: ₹24,404.52
- Net Profit: ₹1,666.41 (vs ₹1,522.58 in H1 FY26, +9.4% YoY)
- EPS (Basic): ₹20.19 (vs ₹18.47 in H1 FY26)
- EPS (Diluted): ₹20.16 (vs ₹18.44 in H1 FY26)
- Attributable to owners of parent: ₹1,663.94 crore
- Non-controlling interest: ₹2.47 crore
Consolidated Balance Sheet (as of September 30, 2026):
- Total Assets: ₹44,431.31 crore
- Equity Share Capital: ₹164.84 crore
- Other Equity: ₹21,088.00 crore
- Non-controlling interest: ₹27.35 crore
- Total Borrowings: ₹6,997.30 crore (Non-current: ₹4,244.98 crore, Current: ₹2,752.32 crore)
Segment-wise Performance:
The Company has only one reportable operating segment as per Ind AS 108 - "manufacturing Stainless steel products."
Corporate Actions:
Amalgamation Scheme:
- Board approved draft scheme of amalgamation among Jindal Stainless Limited (Transferee Company) and its four wholly-owned subsidiaries: Chromeni Steels Limited, Rabirun Vinimay Private Limited, JSL Super Steel Limited, and Jindal United Steel Limited (Transferor Companies)
- Appointed Date: April 1, 2027
- Subject to approvals from shareholders, creditors, and regulatory authorities including National Company Law Tribunal (Chandigarh Bench)
- No consideration payable as Transferor Companies are wholly-owned subsidiaries
ESOP Grants:
- 380,430 Options granted on May 1, 2026 (190,215 ESOPs at ₹383.70 per share, 190,215 RSUs at ₹2 per share)
- 39,608 Options granted on June 23, 2026 (19,804 ESOPs at ₹349.00 per share, 19,804 RSUs at ₹2 per share)
- Total 4,910,168 Options granted till September 30, 2026 (2,455,084 ESOPs + 2,455,084 RSUs)
- 271,190 equity shares transferred to employees during H1 FY27 upon exercise of options
Debenture Redemption:
- Fully redeemed 990 Nos. of Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) amounting to ₹99 crore during Q2 FY27
- No NCDs outstanding as of September 30, 2026
Other Significant Information:
Exceptional Items for Q2 FY26:
- Exceptional Gain: ₹95.63 crore (from LADT/Entry Tax settlement)
- Exceptional Loss: ₹20.86 crore (loan write-off to subsidiary)
Entities in Consolidation:
Consolidation includes 15 subsidiaries and 2 associates as listed in the auditors' report
Previous Period Figures:
Previous period figures have been regrouped/reclassified wherever necessary, with no material impact