Jindal Stainless reported a 5.3pct YoY decline in consolidated net profit for the October-December quarter (Q3FY25), with profit falling to INR 654 crore (USD 75.5 mln) from INR 691 crore in the same period last year.
Despite challenges from subsidized imports and a weak export market, consolidated revenue rose 8.5pct YoY to INR 9,907 crore (USD 1.14 bln). Sales volume grew 15pct YoY, reaching 587,658 tons compared to 512,015 tons in Q3FY24. Domestic sales surged 20pct YoY to 537,747 tons, while exports declined 22pct.
Managing Director Abhyuday Jindal highlighted concerns over dumping of inferior-quality stainless steel from surplus-producing countries and called for government intervention to curb imports and enforce quality standards under various FTAs. He emphasized that India’s robust economy, infrastructure expansion, and rising stainless steel adoption in industrial applications would support long-term demand.
As India’s largest stainless steel producer, Jindal Stainless is expanding its annual melt capacity to 4.2 mln tons by FY27. The company operates 16 manufacturing and processing facilities across India, Spain, and Indonesia, along with a global network spanning 12 countries. Its product portfolio includes slabs, coils, plates, sheets, precision strips, blade steel, and coin blanks.
1 USD / 86.5 INR
