Jindal Stainless Q2 FY27: Revenue up 18% to ₹12,874 Cr, PAT up 11% to ₹898 Cr
Jindal Stainless Limited reported Q2 FY27 revenue of ₹12,874 crore, up 18% YoY, and PAT of ₹898 crore, up 11% YoY. H1 FY27 revenue was ₹24,152 crore (+14% YoY), with PAT at ₹1,666 crore (+9% YoY). Sales volume in Q2 FY27 reached 664 KT. The company is also undergoing a scheme of amalgamation to simplify its group structure.
The announcement includes significant financial performance improvements, strategic business developments, and a corporate restructuring initiative, all of which are material to investors.
The company reported strong year-on-year growth in revenue and profit for Q2 and H1 FY27, along with positive business highlights and a credit rating upgrade.
Jindal Stainless Limited (JSL) has announced its financial results for the second quarter (Q2) and first half (H1) of FY27. The company reported a significant 18% year-on-year increase in revenue for Q2 FY27, reaching ₹12,874 crore. Profit After Tax (PAT) for the quarter grew by 11% to ₹898 crore.
For the first half of FY27, revenue stood at ₹24,152 crore, marking a 14% year-on-year increase. EBITDA for H1 FY27 was ₹2,762 crore, up 2% YoY, while PAT for H1 FY27 was ₹1,666 crore, a 9% increase YoY. Sales volume in Q2 FY27 was 664 kilotonnes (KT), an 18% increase YoY, contributing to a total sales volume of 1,245 KT for H1 FY27.
The company's Managing Director, Abhyuday Jindal, stated that the performance was underpinned by resilient domestic demand, supported by robust economic growth and an improved sensitivity towards a lifecycle costing approach. The company also highlighted key business developments, including CARE upgrading its long-term borrowing rating to AA+ (Stable) and reaffirming its short-term borrowing rating at A1+. JSL also developed India's first high-aluminium stainless steel grade for catalytic converters and entered into a Technical Assistance Agreement with JFE Steel, Japan, to strengthen its ferritic grades. Furthermore, the company achieved a 12% reduction in GHG Emission Intensity (Scope 1+2) in Q2 FY27.
JSL is also undertaking a Scheme of Amalgamation to simplify its group structure by consolidating its wholly-owned subsidiaries. This is expected to eliminate inter-company transactions, optimize resource utilization, improve operational efficiency, and strengthen corporate governance.
The company hosted an investor call on October 23, 2026, to discuss the Q2 & H1 FY27 results.
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