BusinessPhoto: Mint MarketsJindal Stainless Cuts FY27 Sales Growth, Raises EBITDA Guidance
Jindal Stainless Ltd announced its Q2 2026 results, citing West Asia-led uncertainty, volatile fuel prices, and shipping disruptions as challenges. The company lowered its FY27 sales volume growth forecast to 4-6% from 7-9%, due to Q1 disruptions. CEO Tarun Khulbe noted fuel issues impacted Q1, but availability improved in Q2 despite price fluctuations. EBITDA guidance was raised to ₹22,000 per tonne from ₹18,000-20,000. The results met Jefferies India's expectations.
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