# Jindal Stainless Limited announced its audited financial results for the financial year ended 31 March 2026 following a Board meeting held on 4 May 2026.

*business · news · 2026-05-09 · scanx.trade*

## Key points

- Jindal Stainless commissioned a 1.2 million tonne melt shop in Indonesia, targeting 70%-80% utilisation in FY27.
- FY26 net debt-to-equity ratio improved to 0.15 from 0.24, reflecting stronger balance sheet health.
- Management set FY27 capex guidance at ₹2,600 crore, mainly for capacity and downstream expansion.
- A new 600 cubic metre green hydrogen plant at Jajpur will be operational by June–July 2026.
- Renewable power share at Jajpur and Hisar rose to 46.8%, up 82% from the previous year.

**Companies:** Jindal Stainless Limited
**Countries:** India, Indonesia

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/jindal-stainless-reports-fy26-audited-results-standalone-net-profit-at-2-842-95-crores-total-dividend-of-4-per-share-declared/39449251)

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