Provided is a martensitic stainless steel produced by a twin roll strip casting process and a method for manufacturing the same, wherein the hot rolled steel has superior crack resistance. The martensitic stainless hot rolled steel sheet comprises, by weight %, C:0.1 to 1.5%, Cr:12 to 15%, Ni:1% or lower, Ti:0.005 to 0.1%, and the balance Fe and unavoidably added impurities, and wherein a primary chrome carbide precipitated at a grain boundary is fragmented and refined. Provided is a high hardness martensitic stainless cold rolled steel sheet manufactured by annealing and cold rolling the hot rolled steel sheet, and a method for manufacturing the same. A twin roll strip casting process is applied, and grain boundary strengthening elements are added to prevent center segregation, crack and strip breakage during casting, thereby ensuring the stability of the casting process.