Jindal Stainless532508Stainless steel
Jindal Stainless revised its FY volume growth guidance down to 4-6% while raising its EBITDA per ton guidance to 22,000 rupees, and flagged rising Chinese imports and net debt concerns
By ScoutQuest · · 1 min read
- Revised volume growth guidance
- 4 to 6 percent
- Previous volume guidance
- 7 to 9 percent
- H1 volume change
- 2 percent lower
- Year-on-year volume change
- 14 percent more
- EBITDA per ton this quarter
- 21,600 rupees
Heard on business television between 09:56:07 - 09:59:07 IST.
- CEO Tarun Kulbey said Q1 was hit by war and fuel problems, with H1 volumes still 2% lower year-on-year despite Q2 recovery; volume guidance cut from 7-9% to 4-6%.
- EBITDA per ton came in at 21,600 rupees against earlier guidance of 18,000-20,000 rupees; company raised new guidance to 22,000 rupees per ton.
- Imports from China in the first four months of this fiscal year were already more than 60% of all of last fiscal year's imports, blamed on removal of quality checks (QCR) allowing dumping of cheap, sub-standard stainless steel; MSME players badly hurt.
- Anti-dumping duty investigation is ongoing with DGTR timeline extended to March 27; company expects a decision by December.
- Net debt stood at 3,121 crore rupees versus a target range of 2,500-2,800 crore rupees; company hopes to reduce debt to that range by year-end.
- EU is considering slowing scrap exports to countries including India; company says it already invested in Indonesia in 2024 to secure nickel supply as a critical mineral.
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Source: Live TV News Channel · 23 Oct 2026
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