Jindal Stainless Limited (JSL) has reported robust financial results for the first quarter, demonstrating solid growth across key metrics. The company's performance was driven by enhanced product mix, increased value-added products, and strong domestic demand.

Financial Highlights

JSL delivered an impressive 8% year-on-year growth in sales volume, reaching 626,252 metric tons. The company's EBITDA surged by 23% quarter-on-quarter and 8% year-on-year to Rs. 1,310.00 crores. Profit After Tax (PAT) also saw a significant increase, rising 21% quarter-on-quarter and 11% year-on-year to Rs. 715.00 crores.

Improved Product Mix and Market Penetration

The company's strong performance can be attributed to its focus on value-added products and special grades. JSL reported increased volumes in key sectors such as auto, lift elevators, railways, and white goods. The company's Special Product division played a crucial role in supporting this momentum across various applications.

Financial Position

JSL's balance sheet showed improvement, with net debt reducing to Rs. 3,869.00 crores as of June 30. The company maintains a comfortable leverage position, with a net debt-to-EBITDA ratio of 0.81 and a net debt-to-equity ratio of 0.22.

Subsidiary Performance

Chromeni, a subsidiary of JSL, reached 60-65% capacity utilization and turned EBITDA positive during the quarter. The company expects Chromeni to reach 80-85% capacity utilization by the second half of the fiscal year.

Future Outlook

JSL has maintained its volume growth guidance of 9-10% for the fiscal year. The company remains confident in achieving its EBITDA guidance of Rs. 19,000-21,000 per ton. Management has announced a CAPEX plan of Rs. 2,700.00 crores, focusing on enhancing downstream capacities and improving logistics infrastructure.

Market Initiatives

The company has extended its successful co-branding initiative, 'Jindal Saathi', to the kitchenware and sink categories, building on its success in the pipe and tube sector. This move is expected to reinforce JSL's commitment to quality and lead to enhanced business opportunities.

Industry Developments

The Indian Stainless Steel Development Association has filed an application with the Directorate General of Trade Remedies (DGTR) seeking action on certain cold-rolled stainless steel flat products from China, Vietnam, and Indonesia. This move aims to address potential injury to the domestic industry from imports.

Sustainability Efforts

JSL continues to make progress in its sustainability initiatives, achieving a 14% reduction in Scope 1 and Scope 2 GHG emissions. The company has also received LEED Platinum Certification, the highest level under the LEED Green Building Rating System.

Abhyuday Jindal, Managing Director of Jindal Stainless Limited, commented on the results, stating, "Amid persistent global volatility, we continue to reinforce our market leadership through a strong customer focus, consistent innovation, and operational excellence. With our focus on value-added products tailored for specific applications and strengthened market relationships, we are well-positioned to sustain momentum across markets."

As Jindal Stainless Limited continues to navigate global uncertainties, its strong domestic focus and strategic initiatives appear to be paying off, setting a positive tone for the remainder of the fiscal year.

Jindal Stainless Limited (JSL) has announced a significant update for its shareholders regarding the final dividend for the financial year 2024-25. The company has set August 22, 2025, as the record date to determine shareholder eligibility for the dividend payout.

Dividend Details

JSL has proposed a final dividend of INR 2.00 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This dividend applies to equity shares with a face value of INR 2.00 each.

Eligibility Criteria

Shareholders whose names appear in the following records as of August 22, 2025 (close of business hours) will be eligible for the dividend:

• Beneficial Owners list provided by the Depositories for shares held in electronic form
• Register of Members of the Company for shares held in physical form

Payment Timeline

The company has stated that the dividend, if declared at the AGM, will be paid within 30 days of the AGM date. The payment will be subject to applicable tax deductions at source.

Corporate Actions

In compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, JSL has officially informed the stock exchanges - BSE Limited and National Stock Exchange of India Ltd. - about the record date fixation.

Q1 FY26 Earnings Call

In related news, Jindal Stainless Limited held its Q1 FY26 Earnings Call on August 7, 2025, at 4:00 P.M. The audio recording of this call has been made available on the company's website for investors and analysts who may have missed the live session.

Investors and shareholders of Jindal Stainless Limited should mark their calendars for the upcoming AGM and the record date to ensure they don't miss out on important corporate actions and potential dividend benefits.