Economy
Jindal Stainless Lowers FY27 Volume Guidance Amid Supply Chain Disruptions
Livemint1h
THE BRIEF
1
Jindal Stainless Ltd lowered its FY27 sales volume growth guidance to 4-6% from 7-9% due to West Asian conflicts, volatile fuel prices, and shipping disruptions.
2
The company raised its EBITDA guidance to ₹22,000 per tonne from an earlier range of ₹18,000-20,000 per tonne following strong second-quarter results.
3
Jefferies India reported that Jidnal Stainless's September-quarter EBITDA rose 3% year-on-year and set a target share price of ₹970.