JSW Steel Q2 FY27: Revenue ₹54,486 Cr, Net Profit ₹5,359 Cr; Production Hits Record 7.27mt
JSW Steel's Q2 FY27 results show record consolidated crude steel production of 7.27 mt and sales of 7.46 mt. Revenue reached ₹54,486 crore, with net profit at ₹5,359 crore. The company received credit rating upgrades from Moody's and Fitch. FY27 guidance is for 29.75 mt production and 28.6 mt sales.
Record financial and operational performance, credit rating upgrades, and clear future guidance have a significant impact on investor perception and the company's valuation.
The company reported record production and sales, significant revenue growth, and a healthy net profit. Credit rating upgrades and positive future guidance further contribute to a positive sentiment.
JSW Steel Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated crude steel production of 7.27 million tonnes (mt), marking a 5% year-on-year increase and achieving the highest ever consolidated crude steel production. Consolidated steel sales also reached a record high of 7.46 mt, up 13% year-on-year.
Revenue from operations for the second quarter of FY27 stood at ₹54,486 crore, a 31% increase year-on-year, driven by higher realisations and sales volumes. Reported EBITDA was ₹10,120 crore, with adjusted EBITDA at ₹9,941 crore. The company posted a net profit of ₹5,359 crore for the quarter.
Key operational highlights include an India capacity utilisation of 88% and the commissioning of a 0.5 mtpa Scrap Processing Centre at Khopoli. New projects announced include Phase-II of the 5 mtpa JSW Utkal Steel in Odisha, a 1.8 mtpa CRM complex at Vasind, and a 5 mtpa expansion at the JSW JFE Steel Ltd. (JJSL) Joint Venture. The company also received credit rating upgrades from Moody’s (Investment Grade - Baa3), Fitch (BB+), and CARE, ICRA & Ind-Ra (AA+).
JSW Steel also provided guidance for FY27, expecting consolidated production of 29.75 mt and sales of 28.6 mt. The company is committed to sustainability, targeting net neutrality in carbon emissions by 2050 and a 42% reduction in CO2 emissions by FY30. Significant progress has been made in renewable energy capacity, electric vehicle deployment, and scrap utilization.
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