Jindal Stainless Q2 FY27 Results: Revenue up 18% to ₹12,874 Cr, PAT up 11% to ₹898 Cr
Jindal Stainless Limited reported Q2 FY27 revenue of ₹12,874 Cr, up 18% YoY, and PAT of ₹898 Cr, up 11% YoY. H1 FY27 revenue was ₹24,152 Cr (up 14% YoY) and PAT was ₹1,666 Cr (up 9% YoY). Sales volume reached 664 KT in Q2. Net debt stood at ₹3,121 Cr with a Net Debt/Equity of 0.15x. CARE upgraded ratings to AA+ (Stable).
The announcement includes key financial results, significant business developments, a credit rating upgrade, and a scheme of amalgamation, all of which are material information for investors and stakeholders.
The company reported strong year-on-year growth in revenue and profit for Q2 and H1 FY27. Positive business highlights, including product development and emission reduction, along with a credit rating upgrade, contribute to a positive sentiment.
Jindal Stainless Limited (JSL) has announced its financial results for the second quarter (Q2) and first half (H1) of FY27, presenting an earnings presentation on October 22, 2026. The company reported a consolidated revenue of ₹12,874 crore for Q2 FY27, an 18% year-on-year increase, and ₹24,152 crore for H1 FY27, up 14% year-on-year.
EBITDA for Q2 FY27 stood at ₹1,433 crore, a 3% increase YoY, and for H1 FY27, it was ₹2,762 crore, up 2% YoY. Profit After Tax (PAT) for Q2 FY27 rose by 11% to ₹898 crore, and for H1 FY27, it increased by 9% to ₹1,666 crore. Sales volume in Q2 FY27 reached 664 kilotonnes (KT), a 3% YoY increase, contributing to a total of 1,245 KT for H1 FY27.
The company's net debt was ₹3,121 crore as of September 2026, compared to ₹3,040 crore in March 2026, with a Net Debt to Equity ratio of 0.15x. CARE upgraded JSL's long-term borrowings rating to AA+ (Stable) and reaffirmed the short-term rating at A1+.
Key business highlights include the development of India's first high-aluminium stainless steel grade for catalytic converters, a Technical Assistance Agreement with JFE Steel, Japan, and a 12% reduction in GHG Emission Intensity (Scope 1+2) to 1.55 tCO2/tcs in Q2 FY27. The Jindal Saathi Loyalty Programme crossed 1.3 lakh members, and Stainless Academy received recognition as an Awarding Body by NCVET.
The company also announced a Scheme of Amalgamation to simplify its group structure by consolidating wholly-owned subsidiaries, aiming to improve operational efficiency and reduce costs. JSL is scheduled to hold a conference call to discuss its Q2 & H1 FY27 results on Friday, October 23, 2026, at 15:00 IST.
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Jindal Stainless Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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