Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q4 FY26 Earnings Presentation
18 slides from Jindal Stainless's earnings presentation, May 4, 2026
Slide 1: Exchange filing cover letter under Regulation 30
May 04, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 Ph. 022 -
Slide 2: Q4 & FY26 Earnings Presentation
JINDAL STAINLESS LTD Q4 & FY26 Earnings Presentation May 04, 2026
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (referred to “respective company (ies)”) for this joint earning presentation, are purely for information purposes only and is not, and is not intended to be, an offer, o
Slide 4: Operational and Financial Performance
Operational and Financial 3 Performance
Slide 5: Key Financials Highlights
Key Financials Highlights Sales Composition – Q4 FY26 Export 7% Sales Volume (‘000 MT*) 2,566 2,373 Domestic 93% 643 650 642 Sales Composition – FY26 Export 8% Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Shift (%) QoQ: -1% YoY: 0% YoY: 8% Domestic 92% Note: Standalone Sales Volume 4 MT- Metric Ton
Slide 6: Key Financials Highlights-Consolidated
Key Financials Highlights-Consolidated Revenue EBITDA 5,560 42,955 4,667 39,312 11,337 1,408 1,455 10,198 10,518 1,061 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Shift (%) QoQ: 8% YoY: 11% YoY: 9% Shift (%) QoQ: 3% YoY: 37% YoY: 19% 3,185 PAT 2,500 828 834 590 Q4 FY25 Q3 FY2
Slide 7: Key Financials Highlights-Standalone
Key Financials Highlights-Standalone Net Revenue 42,680 EBITDA 3,905 4,322 40,182 10,786 10,632 10,826 890 1,103 1,111 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Shift (%) QoQ: 2% YoY: 0% YoY: 6% Shift (%) QoQ: 1% YoY: 25% YoY: 11% 2,843 PAT 2,711 925 892 666 Q4 FY25 Q3 FY26
Slide 8: External Debt & Key Ratios
External Debt & Key Ratios As on As on As on Mar'25 Mar'26 Borrowings March March March (Consolidated) 0.86 2026 2025 2024 Debt 0.55 Long term debt 4,776 5,169 5,222 Short term debt 1,466 1,107 704 0.24 Total Debt 6,242 6,275 5,926 0.15 Cash & Bank balances 3,203 2,284 1,992 Net Debt 3,040 3,991 3,9
Slide 9: JUSL Performance
JUSL Performance EBITDA 756 Interest Cost 708 178 173 172 190 169 46 44 42 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 PAT Net Debt 338 289 1,731 1,721 1,450 69 86 77 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Mar'24 Mar'25 Mar'26 All figures in INR. crore unless stated otherwise 8
Slide 10: Market Update
Market Update Railways – wagons, coaches metros Infrastructure • Healthy coach demand in Q4 FY26, driven by Vande Bharat sleeper trainsets, Metro and • Stainless steel usage in Process Industry Indian Railways' shift from ferritic to infrastructure—particularly in flyovers, • The Oil & Gas, Power, a
Slide 11: Key Raw Materials- Price trend
Key Raw Materials- Price trend Nickel (USD/MT) 22,308 20,401 17,288 18,413 17,356 16,589 16,259 16,038 15,571 15,166 15,015 14,892 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Note: Average quarterly prices; Source: LME Ferrochrome (INR/MT) 1,16,715
Slide 12: Q4 & FY26 Earnings call
Q4 & FY26 Earnings call CONCALL INVITE Jindal Stainless Limited Q4 & FY26 Results conference call on Tuesday, 05th May 2026 at 16:00 hrs IST Represented by Senior Management of Jindal Stainless Limited Diamond Pass registration link: Copy this URL in your browser: Link Universal Dial-in Numbers +91-
Slide 13: Annexure
Annexure 12
Slide 14: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY QoQ YoY Particular (Rs. Crore) Q4FY26 Q4FY25 Q3FY26 FY26 FY25 Change (%) Change (%) Change (%) Revenue from operations 11,337 10,198 11% 10,518 8% 42,955 39,312 9% Total Expenditure 9,882 9,137 8% 9,110 8% 37,394 34,646 8% EBITDA 1,455 1,061 37% 1,408 3% 5,5
Slide 15: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY QoQ YoY Particular (Rs. Crore) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 Change (%) Change (%) Change (%) Revenue from operations 10,826 10,786 0% 10,632 2% 42,680 40,182 6% Total Expenditure 9,715 9,895 (2%) 9,529 2% 38,358 36,276 6% EBITDA 1,111 890 25% 1,103 1% 4,3
Slide 16: Shareholding Pattern
Shareholding Pattern Floating Stock % FII 20.9% Promoters Other 62.0% 38.0% Retails & others 9.9% DII 7.2% 15 Shareholding pattern for the period ended 31st March 2026
Slide 17: Contact Us
Contact Us About Us: India’s leading stainless steel manufacturer, Jindal Stainless, had an annual turnover of INR 42,955 crore (USD 4.86 billion) in FY26 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27. It has 16 stainless steel manufacturing and process
Slide 18: Thank You
Thank You 17