Jindal Steel Releases Q2 FY27 Earnings Conference Call Transcript
Jindal Steel reported a record Q2 FY27 gross revenue of ₹19,448 crore, up 44% YoY. EBITDA rose 34% YoY to ₹2,504 crore. Net debt reduced by ₹1,141 crore to ₹14,786 crore. The company commissioned a slurry pipeline expected to save ₹700 per ton. Management aims for ₹1 lakh crore annual sales.
The announcement details record financial performance, significant operational improvements, and positive future outlook, which are material information for investors and stakeholders, impacting the company's valuation and strategic perception.
The company reported record revenues and EBITDA, along with a reduction in net debt. Management expressed confidence in future performance and highlighted operational achievements like the commissioning of a new slurry pipeline, indicating positive business momentum.
Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) has released the transcript of its Earnings Conference Call held on October 23, 2026. The call, which discussed the financial results for the second quarter of FY27, featured insights from senior management including Mr. V.R. Sharma (Managing Director), Mr. Rajiv Kumar (Chief Operating Officer), and Mr. Sandeep Modi (CFO).
During the call, Mr. V.R. Sharma highlighted a record sales figure of ₹19,448 crore for the quarter, with an aim to reach ₹1 lakh crore in annual sales. Steel sales saw a year-on-year increase of 27%, and EBITDA grew by 34% year-on-year, despite challenging weather conditions in Odisha. The company reported achieving 4.79 million tons in H1 and is targeting 6 million tons in H2. Management also discussed the successful utilization of their coal gasification plant to mitigate the impact of natural gas shortages.
Mr. Sandeep Modi provided details on the consolidated financial performance, stating a record gross revenue of ₹19,448 crore, up 44% year-on-year, and a net revenue increase of 43% to ₹16,704 crore. Adjusted EBITDA stood at ₹2,504 crore, up 34% year-on-year, with an EBITDA per ton of ₹10,529. Consolidated profit after tax was ₹771 crore, and net debt declined by ₹1,141 crore to ₹14,786 crore, improving the net debt-to-EBITDA ratio to 1.51x.
Key operational updates included the commissioning of a 192-kilometer slurry pipeline, expected to save ₹700 per ton on freight costs starting immediately. The company is also focusing on increasing its product mix towards flat products, aiming for a 65%-35% split. Management expressed confidence in achieving production targets for the second half of the fiscal year and anticipates improved performance in Q3 and Q4.
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