| Scrip Code | 532508 |
|---|---|
| NSE Symbol | JSL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE220G01021 |
| Name of company | JINDAL STAINLESS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 22-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 15-10-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing of Stainless Steel and Stainless Steel Products |
| Start date and time of board meeting | 22-10-2026 11:30:00 |
| End date and time of board meeting | 22-10-2026 15:15:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 12,87,386.00 | 24,15,240.00 | |
| Other income | 13,373.00 | 25,212.00 | |
| Total income | 13,00,759.00 | 24,40,452.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 9,70,805.00 | 17,56,904.00 |
| (b) | Purchases of stock-in-trade | 355.00 | 2,334.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (68,520.00) | (1,49,690.00) |
| (d) | Employee benefit expense | 27,561.00 | 56,822.00 |
| (e) | Finance costs | 16,479.00 | 31,098.00 |
| (f) | Depreciation, depletion and amortisation expense | 29,895.00 | 60,131.00 |
| (f) | Other Expenses | ||
| 1 | STORES AND SPARES CONSUMED | 56,847.00 | 1,21,035.00 |
| 2 | POWER AND FUEL | 86,506.00 | 2,04,078.00 |
| 3 | OTHER EXPENSES | 70,542.00 | 1,47,553.00 |
| 4 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 1,811.00 | (1,650.00) |
| Total other expenses | 2,15,706.00 | 4,71,016.00 | |
| Total expenses | 11,92,281.00 | 22,28,615.00 | |
| 3 | Total profit before exceptional items and tax | 1,08,478.00 | 2,11,837.00 |
| 4 | Exceptional items | 11,641.00 | 11,641.00 |
| 5 | Total profit before tax | 1,20,119.00 | 2,23,478.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 28,597.00 | 53,855.00 |
| 8 | Deferred tax | 1,747.00 | 2,982.00 |
| 9 | Total tax expenses | 30,344.00 | 56,837.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 89,775.00 | 1,66,641.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 89,775.00 | 1,66,641.00 |
| 17 | Other comprehensive income net of taxes | 1,254.00 | 991.00 |
| 18 | Total Comprehensive Income for the period | 91,029.00 | 1,67,632.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 89,458.00 | 1,66,394.00 | |
| Total profit or loss, attributable to non-controlling interests | 317.00 | 247.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 90,712.00 | 1,67,385.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 317.00 | 247.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 16,484.00 | 16,484.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 10.85 | 20.19 | |
| Diluted earnings (loss) per share from continuing operations | 10.84 | 20.16 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 10.85 | 20.19 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 10.84 | 20.16 | |
| 24 | Debt equity ratio | 0.3300 | 0.3300 |
| 25 | Debt service coverage ratio | 3.8900 | 4.4900 |
| 26 | Interest service coverage ratio | 9.5100 | 9.6900 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Deferred tax includes tax pertaining to earlier years |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2026 | ||
| Date of end of reporting period | 30-09-2026 | ||
| Whether results are audited or unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 14,01,580.00 | ||
| Capital work-in-progress | 2,88,737.00 | ||
| Investment property | 1,107.00 | ||
| Goodwill | 2,05,233.00 | ||
| Other intangible assets | 65,374.00 | ||
| Intangible assets under development | 1,961.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Investments accounted for using equity method | 1,70,550.00 | ||
| Non-current financial assets | |||
| Non-current investments | 37,098.00 | ||
| Trade receivables, non-current | 0.00 | ||
| Loans, non-current | 52,592.00 | ||
| Other non-current financial assets | |||
| 1 | other financialnassets | 44,644.00 | |
| Total of other non-current financial assets | 44,644.00 | ||
| Total non-current financial assets | 1,34,334.00 | ||
| Deferred tax assets (net) | 27,117.00 | ||
| Other non-current assets | |||
| 1 | Income tax assets | 158.00 | |
| 2 | other non current assets | 63,109.00 | |
| Total of other non-current assets | 63,267.00 | ||
| Total non-current assets | 23,59,260.00 | ||
| 2 | Current assets | ||
| Inventories | 11,20,548.00 | ||
| Current financial asset | |||
| Current investments | 147.00 | ||
| Trade receivables, current | 3,71,245.00 | ||
| Cash and cash equivalents | 43,635.00 | ||
| Bank balance other than cash and cash equivalents | 2,90,581.00 | ||
| Loans, current | 59,306.00 | ||
| Other current financial assets | |||
| Total of other current financial assets | 51,784.00 | ||
| Total current financial assets | 8,16,698.00 | ||
| Current tax assets (net) | 1,535.00 | ||
| Other current assets | |||
| 1 | Other current assets | 1,29,144.00 | |
| Total of other current assets | 1,29,144.00 | ||
| Total current assets | 20,67,925.00 | ||
| 3 | Non-current assets classified as held for sale | 15,946.00 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 | |
| Total assets | 44,43,131.00 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 16,484.00 | ||
| Other equity | 21,08,800.00 | ||
| Total equity attributable to owners of parent | 21,25,284.00 | ||
| Non controlling interest | 2,735.00 | ||
| Total equity | 21,28,019.00 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 4,24,498.00 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | ||
| Total Trade payable | 0.00 | ||
| Other non-current financial liabilities | |||
| 1 | Lease liabilities | 60,786.00 | |
| 2 | other financial liabilities | 231.00 | |
| Total of other non-current financial liabilities | 61,017.00 | ||
| Total non-current financial liabilities | 4,85,515.00 | ||
| Provisions, non-current | 13,048.00 | ||
| Deferred tax liabilities (net) | 1,38,407.00 | ||
| Deferred government grants, Non-current | 0.00 | ||
| Other non-current liabilities | |||
| 1 | Other non-current liabilities | 15,834.00 | |
| Total of other non-current liabilities | 15,834.00 | ||
| Total non-current liabilities | 6,52,804.00 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 2,75,232.00 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 29,628.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 10,38,495.00 | ||
| Total Trade payable | 10,68,123.00 | ||
| Other current financial liabilities | |||
| 1 | lease liability | 3,986.00 | |
| 2 | other financial liability | 2,49,671.00 | |
| Total of other current financial liabilities | 2,53,657.00 | ||
| Total current financial liabilities | 15,97,012.00 | ||
| Other current liabilities | 49,804.00 | ||
| 1 | Other current liabilities | 49,804.00 | |
| Total of other current liabilities | 49,804.00 | ||
| Provisions, current | 717.00 | ||
| Current tax liabilities (Net) | 14,048.00 | ||
| Deferred government grants, Current | 0.00 | ||
| Total current liabilities | 16,61,581.00 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 727.00 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 | |
| Total liabilities | 23,15,112.00 | ||
| Total equity and liabilites | 44,43,131.00 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | Goodwill includes right of use assets of 1190.44 crore |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit and loss | 1,254.00 | 991.00 |
| Total Amount of items that will be reclassified to profit and loss | 1,254.00 | 991.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 1,254.00 | 991.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | ||||
| B | Date of end of reporting period | 30-09-2026 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 2,23,478.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 31,098.00 | |||||
| Adjustments for decrease (increase) in inventories | (2,41,924.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (71,519.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (43,683.00) | |||||
| Adjustments for decrease (increase) in other non-current assets | (2,203.00) | |||||
| Adjustments for other financial assets, non-current | (9,050.00) | |||||
| Adjustments for other financial assets, current | (22,675.00) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 2,83,085.00 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 10,700.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | (17,337.00) | |||||
| Adjustments for depreciation and amortisation expense | 60,131.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 134.00 | |||||
| Adjustments for provisions, non-current | 1,615.00 | |||||
| Adjustments for other financial liabilities, current | 34,149.00 | |||||
| Adjustments for other financial liabilities, non-current | 9,469.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (5,948.00) | |||||
| Adjustments for dividend income | 11.00 | |||||
| Adjustments for interest income | 17,875.00 | |||||
| Adjustments for share-based payments | 3,972.00 | |||||
| Adjustments for fair value losses (gains) | (2,288.00) | |||||
| Adjustments for undistributed profits of associates | 1,650.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | (3,181.00) | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (5,670.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (10,661.00) | |||||
| Net cash flows from (used in) operations | 2,12,817.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 54,520.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 1,58,297.00 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 2,341.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 79.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 314.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 7,448.00 | |||||
| Purchase of property, plant and equipment | 1,52,134.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 28,072.00 | |||||
| Cash advances and loans made to other parties | 8,160.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 11.00 | |||||
| Interest received | 16,922.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (1,66,561.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 458.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 2,25,893.00 | |||||
| Repayments of borrowings | 1,44,532.00 | |||||
| Payments of lease liabilities | 2,723.00 | |||||
| Dividends paid | 24,497.00 | |||||
| Interest paid | 24,470.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 30,129.00 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 21,865.00 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 220.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 22,085.00 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 23,237.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 45,322.00 | |||||
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Walker Chandiok & Co LLP | Yes | 31-05-2028 | ||
|---|---|---|---|---|---|
| 2 | Lodha & Co LLP | Yes | 31-03-2027 | ||