Jindal Stainless Limited (JSL), a leading stainless steel manufacturer, has reiterated its commitment to robust growth and operational efficiency for the fiscal year 2026. The company has maintained its volume growth target and provided guidance on key financial metrics, signaling confidence in its strategic direction.

Volume Growth and EBITDA Guidance

Jindal Stainless has reaffirmed its volume growth target of 9-10% for FY26, demonstrating the company's optimistic outlook on market demand and its production capabilities. In addition to the growth target, JSL has provided EBITDA guidance in the range of ₹19,000.00-21,000.00 per ton, indicating its focus on maintaining strong profit margins amidst expanding operations.

Capacity Utilization Goals

The company has set ambitious targets for capacity utilization, aiming to reach 80-85% by the end of FY26. This goal suggests that Jindal Stainless is working towards optimizing its production facilities to meet the increasing demand in the stainless steel market.

Chomeni Subsidiary Performance

Jindal Stainless' subsidiary, Chomeni, is also targeting significant improvements in its operational efficiency. The company expects Chomeni to achieve 80-85% capacity utilization by the second half of FY26, aligning with the parent company's goals and potentially contributing to the overall growth strategy.

Recent Earnings Call

As part of its commitment to transparency and investor relations, Jindal Stainless held an earnings call to discuss its Q1FY26 financial results. The company has made the audio recording of this call available on its official website, allowing investors and analysts to gain deeper insights into its performance and future outlook.

Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer of Jindal Stainless Limited, confirmed the availability of the earnings call recording in a communication to the BSE Limited and the National Stock Exchange of India Ltd.

The reaffirmation of growth targets and the focus on improving capacity utilization across its operations suggest that Jindal Stainless is positioning itself for sustained growth in the coming years. Investors and industry observers will likely keep a close watch on the company's progress towards these ambitious goals as FY26 unfolds.

Jindal Stainless Limited (JSL), India's leading stainless steel manufacturer, has reported robust financial results for the first quarter, while outlining ambitious growth plans for the future.

Strong Q1 Performance

JSL's consolidated performance for Q1 showed significant year-on-year improvements:

The company's sales volume for the quarter stood at 6,26,252 tonnes, up by 8.3% compared to the same period last year.

Expansion Plans and Strategic Focus

Jindal Stainless has set its sights on significant capacity expansion, targeting a production capacity of 4.2 million tonnes by FY27. This growth strategy includes:

1. Melt Shop in Indonesia: The company is setting up a joint venture in Indonesia to develop a stainless steel melt shop, which will increase JSL's melting capacity from 3 million tonnes per annum (MTPA) to 4.2 MTPA.

2. Focus on High-Value Sectors: JSL is emphasizing growth in high-value sectors, particularly in defense and clean energy alloys.

3. Digital Manufacturing Initiatives: The company is enhancing operational efficiency through digital manufacturing initiatives, such as Project Pragati at its Hisar plant, which aims to revolutionize production planning and execution processes.

Key Developments

• Renewable Energy Investment: JSL has acquired a 33.64% stake in Oyster Green Hybrid One Private Limited to develop a 282 MW hybrid renewable energy project for its plant power requirements.

• Product Innovation: The company has successfully manufactured and dispatched its first commercial batch of 9Cr1Mo plate, produced for the first time in India, to Bharat Heavy Electricals Limited (BHEL) for steam generator applications.

• Sustainability Achievements: JSL's corporate office in Gurugram received Platinum Certification under LEED v4.1 Operations and Maintenance: Existing Buildings by the U.S. Green Building Council.

Market Position and Outlook

Abhyuday Jindal, Managing Director of Jindal Stainless, commented on the company's performance: "Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency."

The company is advancing its presence across high-impact sectors such as railways, automotive, and infrastructure, while also exploring new opportunities through strategic partnerships and application-driven offerings.

With its strong financial performance, ambitious expansion plans, and focus on innovation and sustainability, Jindal Stainless appears well-positioned for continued growth in the stainless steel industry.