It had clocked a net profit of Rs 609 crore in the second quarter of FY25, the company said in a statement.
The company saw its income increase 12 per cent to Rs 10,982.46 crore from Rs 9,823.88 crore in the July-September period a year ago.
Sales registered around 15 per cent growth to 6,48,050 tonnes from 5,64,627 tonnes in the year-ago quarter.
The company said it witnessed consistent demand across key segments, such as industrial pipes and tubes, lifts and elevators, metro, railway coaches, and wagons during the quarter.
The white goods segment also gained traction, driven by festive-season demand.In a virtual media interaction, Jindal Stainless Managing Director Abhyuday Jindal said, “We maintained our market share by leveraging competitive pricing and improved services, despite headwinds.” Imports from China and Vietnam continued to flood the market, distorting the level-playing field for Indian producers, especially MSMEs, he said.
Jindal said, “The temporary suspension of the QCO (quality control orders) is concerning and discouraging for the entire domestic industry. Amid the prevailing geopolitical complexities, we foresee an increased influx of sub-standard and cheap imports.”
During the quarter, the company developed high strength stainless steel rebars for application in the bullet train project.
In the defence space, its arm Jindal Defence and Aerospace (JDA) secured an order from L&T for the supply of High Nitrogen Steel plates for the Anti-Tank Guided Missile (ATGM) launcher system.
Jindal Stainless partnered with Greenzo Energy India to commission a green hydrogen plant at its Jajpur facility in Odisha, with a capacity of 600 Nm3/hr, targeted for completion by mid-2026.
India’s leading stainless steel manufacturer, Jindal Stainless, had an annual turnover of Rs 40,182 crore (USD 4.75 billion) in FY25 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27.