Jindal Stainless Q2 FY27 revenue up 18% to 12,874 Cr, PAT up 11% to 898 Cr
Q2 FY27 revenue up 18% YoY to 12,874 Cr, EBITDA up 3% to 1,433 Cr, PAT up 11% to 898 Cr; net debt/equity 0.15x.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- Q2 FY27 consolidated revenue rose 18% YoY to 12,874 Cr
- Q2 FY27 EBITDA
- EBITDA rose 3% to 1,433 Cr
- Q2 FY27 PAT
- PAT rose 11% to 898 Cr
- Period
- Q2 & H1 FY27
- Positioning
- The company describes itself as India's leading stainless-steel manufacturer with 4.2 million tonnes annual melt capacity, 16 facilities in India and abroad and a network in 12 countries.
📉 Q2 FY27 consolidated revenue rose 18% YoY to 12,874 Cr, EBITDA rose 3% to 1,433 Cr and PAT rose 11% to 898 Cr on sales volume of 664k tonnes. For H1 FY27, revenue was 24,152 Cr (up 14%) and PAT 1,666 Cr (up 9%), while H1 volume fell 2%.
📈 EBITDA per tonne slipped to 21.6k in Q2 FY27 from 22.9k in Q1, even as average realisation held near 193.8k per tonne; margins rose less than revenue.
💰 Net debt stood at 3,121 Cr in September 2026 versus 3,040 Cr in March 2026, with net debt/equity at 0.15x, net debt/EBITDA at 0.55x and ROE at 17%.
📋 The managing director says Q2 growth built on recovery from a geopolitical crisis that hit Q1 operations, backed by resilient domestic demand. The company says the FY27 outlook is positive for automobiles, infrastructure and lifts, but flags headwinds in oil & gas and power and a slowdown in wagon tenders.
Also from Jindal Stainless
Jindal Stainless files audio recording of Q2 & H1FY27 earnings call held October 23, 2026
23 Oct 2026
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
23 Oct 2026
Jindal Stainless stock opened roughly flat ahead of a management interview
23 Oct 2026
More numbers
- Revenue from operations, Q2 FY2712,874 Cr.
- EBITDA, Q2 FY271,433 Cr.
- PAT, Q2 FY27898 Cr.
- Revenue YoY growth, Q2 FY2718%
- Revenue, H1 FY2724,152 Cr.
- PAT, H1 FY271,666 Cr.
- Net debt, Sep 20263,121 Cr.
- Net debt/Equity, Sep 20260.15x
- Total debt, Sep 20266,975 (INR crore)
- Net worth, Sep 202621,281 (INR crore)
- ROE, Sep 202617%
- Promoter shareholding, 30 Sep 202662.6%
- Annual turnover, FY26INR 42,955 crore
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