Jindal Stainless Ltd

Jindal Stainless Ltd is up for a third straight session today. The stock is quoting at Rs 721.9, up 3.92% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.43% on the day, quoting at 25109.55. The Sensex is at 82487.47, up 0.36%. Jindal Stainless Ltd has gained around 18.34% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has gained around 6.41% in last one month and is currently quoting at 9406.45, up 0.84% on the day. The volume in the stock stood at 18.73 lakh shares today, compared to the daily average of 10.16 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 720.1, up 3.66% on the day. Jindal Stainless Ltd is down 11.3% in last one year as compared to a 7.96% jump in NIFTY and a 3.17% jump in the Nifty Metal index.The PE of the stock is 22.06 based on TTM earnings ending March 25.Powered by Capital Market - Live

Jindal Stainless Ltd gained 3.44% today to trade at Rs 668.6. The BSE Metal index is up 0.7% to quote at 31228.63. The index is up 7.06 % over last one month. Among the other constituents of the index, JSW Steel Ltd increased 1.66% and Steel Authority of India Ltd added 1.48% on the day. The BSE Metal index went down 5.89 % over last one year compared to the 9.51% surge in benchmark SENSEX. Jindal Stainless Ltd has added 18.02% over last one month compared to 7.06% gain in BSE Metal index and 1.62% rise in the SENSEX. On the BSE, 2855 shares were traded in the counter so far compared with average daily volumes of 41583 shares in the past one month. The stock hit a record high of Rs 848 on 09 Jul 2024. The stock hit a 52-week low of Rs 497 on 07 Apr 2025.Powered by Capital Market - Live

Net profit of Jindal Stainless rose 18.02% to Rs 590.99 crore in the quarter ended March 2025 as against Rs 500.74 crore during the previous quarter ended March 2024. Sales rose 7.87% to Rs 10198.32 crore in the quarter ended March 2025 as against Rs 9454.02 crore during the previous quarter ended March 2024. For the full year,net profit declined 7.67% to Rs 2505.20 crore in the year ended March 2025 as against Rs 2713.21 crore during the previous year ended March 2024. Sales rose 1.94% to Rs 39312.21 crore in the year ended March 2025 as against Rs 38562.47 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales10198.329454.02 8 39312.2138562.47 2 OPM %10.1310.95 -11.7612.20 - PBDT977.04936.90 4 4302.144372.15 -2 PBT735.81703.55 5 3346.023493.32 -4 NP590.99500.74 18 2505.202713.21 -8 Powered by Capital Market - Live

Jindal Stainless announced that the Board of Directors of the Company at its meeting held on 8 May 2025, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Jindal Stainless Ltd lost 0.6% today to trade at Rs 585.05. The BSE Metal index is down 0.13% to quote at 28833.49. The index is up 1.35 % over last one month. Among the other constituents of the index, Jindal Steel & Power Ltd decreased 0.5% and National Aluminium Company Ltd lost 0.5% on the day. The BSE Metal index went down 9.41 % over last one year compared to the 9.43% surge in benchmark SENSEX. Jindal Stainless Ltd has added 6.04% over last one month compared to 1.35% gain in BSE Metal index and 7.27% rise in the SENSEX. On the BSE, 1003 shares were traded in the counter so far compared with average daily volumes of 72581 shares in the past one month. The stock hit a record high of Rs 848 on 09 Jul 2024. The stock hit a 52-week low of Rs 497 on 07 Apr 2025.Powered by Capital Market - Live

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 8 May 2025.Powered by Capital Market - Live

Jindal Stainless, and one of India's leading clean energy solution providers, AB Energia Solutions, today announced the successful installation and commissioning of a pioneering solar energy project at Jindal Stainless' manufacturing unit in Jajpur, Odisha. This ground-breaking initiative boasts a cumulative capacity of over 30 MWp, making it the largest captive solar energy plant within a single industrial campus in Odisha. The solar energy plant installed by Jindal Stainless at its Jajpur unit in partnership with AB Energia comprises a 7.324 MWp floating solar plant and a 23.02 MWp rooftop solar system. The state-of-the art plant is capable of generating approximately 44.3 million units (MU) of green energy annually, significantly reducing the Jajpur unit's dependence on conventional grid electricity. This is equivalent to powering 12,000-15,000 households or cutting CO2 emissions by 32,208 metric tonnes annually.Powered by Capital Market - Live

With a combined capacity of over 30 MWp, this installation is now the largest captive solar energy plant within a single industrial campus in Odisha. The project includes a 7.324 MWp floating solar plant deployed over an internal reservoir and a 23.02 MWp rooftop solar system spread across ten industrial rooftops. Together, these installations are expected to generate approximately 44.3 million units (MUs) of green electricity annually'enough to power 12,000 to 15,000 households'and will help reduce CO₂ emissions by 32,208 metric tons each year, equivalent to planting around 1,288 trees. Commenting on the milestone, Abhyuday Jindal, Managing Director, Jindal Stainless, said, 'We're accelerating our progress toward Net Zero goals by investing in sustainable infrastructure. The commissioning of Odisha's largest captive solar plant marks a significant step toward redefining stainless steel manufacturing in India through renewable energy integration.' Siddharth Bhatia, Managing Director, AB Energia Solutions, added, 'This landmark project demonstrates our commitment to sustainable innovation. By transforming unused water bodies and maximizing rooftop spaces, we're setting new benchmarks for India's green industrial future.' Jindal Stainless is India's leading stainless-steel manufacturer of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods, etc.Powered by Capital Market - Live

Under the agreement, JSL Super Steel will source 11 MWp of solar power, displacing nearly 40% of its conventional energy consumption with clean energy. This project is part of the Uttar Pradesh State Power Banking Policy, aligning with the state's vision for energy security and efficient power management. Sunsure Energy's partnership with JSL Super Steel will further strengthen its mission to advance India's commercial and industrial renewable energy adoption. The partnership will enable JSL Super Steel to receive 16.5 million units (MUs) of clean energy annually, helping the company offset 12 million kilograms of carbon emissions per year'equivalent to planting over 545,000 trees. This initiative supports India's growing push for green steel production, an industry-wide transformation aimed at reducing emissions in one of the most energy-intensive sectors. Jagmohan Sood, wholetime director and chief operating officer of Jindal Stainless, said, 'This partnership is also a part of Jindal Stainless' short-term goal of reducing 50% carbon emissions by 2035. As leaders in the stainless steel industry, we deem it our responsibility to usher in cleaner routes of production, such as the introduction of green hydrogen, the use of biofuels, increasing renewable energy share from the grid, etc., at every step of the value chain.' Shashank Sharma, founder, chairman, and CEO, said, 'Through this agreement, Jindal Stainless is leading the way for the metal industry in Uttar Pradesh by sourcing power from renewable sources'demonstrating that clean energy is not just an option, but the future of industrial progress. Jindal Stainless has a strong reputation for pioneering sustainability initiatives, and we are proud to welcome them into our growing family of esteemed customers.' Jindal Stainless is India's leading stainless-steel manufacturer of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods, etc. Jindal Stainless reported a 5.4% decline in consolidated net profit to Rs 654.84 crore in Q3 FY25 as against Rs 692.33 crore posted in Q3 FY24. However, revenue from operations rose 8.5% YoY to Rs 9,907.30 crore in the quarter ended 31 December 2024. Shares of Jindal Stainless declined 2.11% to Rs 512.30 on Wednesday, 9 April 2025. The Indian stock market is shut today for Shri Mahavir Jayanti.Powered by Capital Market - Live

Sunsure Energy, a leading independent power producer, today signed a 11 MWp long-term Power Purchase Agreement (PPA) with JSL Super Steel, a Ghaziabad-based subsidiary of Jindal Stainless. As per the agreement, this facility will source 11 MWp of solar power from Sunsure's 49 MWp Solar Project in Augasi, Uttar Pradesh, displacing nearly 40% of its conventional energy consumption with clean power. This project will be a part of the Uttar Pradesh State Power Banking Policy, aligning with the state's vision for energy security and efficient power management. Sunsure Energy's partnership with JSL Super Steel will further strengthen its mission of advancing India's commercial and industrial renewable energy adoption. The partnership will enable JSL Super Steel to receive 16.5 million units (MUs) of clean energy annually, helping the company offset 12 million kilograms of carbon emissions per year - equivalent to planting over 5.45 Lacs trees. This move aligns with India's growing push for green steel production, an industry-wide transformation that aims to curb emissions in one of the most energy-intensive sectors. Commenting on this development, Wholetime Director and Chief Operating Officer, Jindal Stainless, Jagmohan Sood said, 'JSL Super Steel is delighted to partner with Sunsure Energy as another step in Jindal Stainless' efforts to green our operations and achieve our Net Zero targets. This partnership is also a part of Jindal Stainless' short-term goal of reducing 50% carbon emissions by 2035. By integrating renewable energy into our production processes, we are not only reducing our carbon footprint but also setting new benchmarks for the metal industry in India. As leaders in the stainless steel industry, we deem it our responsibility to usher in cleaner routes of production such as introduction of green hydrogen, use of biofuels, increasing renewable energy share from the grid, etc. at every step of the value chain.'Powered by Capital Market - Live