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Jindal Stainless Limited Q2 FY27 earnings call summary

NSE: JSL · BSE: 532508

Earnings call of 23 Oct 2026, summarised by AI from the filing.

JSL's Q2 FY27 revenue, EBITDA and PAT grew around 14%, 8% and 17% QoQ, while FY27 volume growth guidance was cut to 4% to 6%.

Key takeaways

  1. Q2 recovery Revenue, EBITDA and PAT grew around 14%, 8% and 17% quarter-on-quarter as operations normalized from Q1 disruptions.
  2. Guidance FY27 volume growth cut to 4% to 6% from 7% to 9%; EBITDA per ton raised to ₹20,000 to ₹22,000 per ton.
  3. Value-added High share of value-added products and momentum in automotive and ornamental pipe and tube segments drove growth.
  4. Imports Chinese-origin imports in first 4 months equal nearly two-thirds of last fiscal year's total imports.

Original filing on BSE

Jindal Stainless Limited Q2 FY27 results

As filed: Revenue ₹12,874 cr (+18% year on year), EBITDA ₹1,415 cr (+3% year on year), PAT ₹898 cr (+11% year on year), EBITDA margin 11.0% (−162 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹11,279 cr (+11% year on year), EBITDA ₹1,364 cr (+5% year on year), PAT ₹769 cr (+8% year on year), EBITDA margin 12.1% (−61 bps). Score 51 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 61 bps year on year. Profit fell 8% from last quarter. Share price after the results: 0.0% in 30 days (Nifty 500: −1.0%).
  • Q4 FY26: Revenue ₹11,337 cr (+11% year on year), EBITDA ₹1,494 cr (+45% year on year), PAT ₹834 cr (+41% year on year), EBITDA margin 13.2% (+305 bps). Score 82 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 305 bps year on year. Consolidated profit +41% but standalone -4%. Profit rose ₹244 cr on a year ago, more than the ₹89.0 cr it added the year before. Share price after the results: −12.4% in 30 days (Nifty 500: −1.7%).
  • Q3 FY26: Revenue ₹10,518 cr (+6% year on year), EBITDA ₹1,413 cr (+18% year on year), PAT ₹828 cr (+27% year on year), EBITDA margin 13.4% (+138 bps). Score 52 of 100, In line with trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin rose 138 bps year on year. Revenue fell 3% from last quarter. Share price after the results: +6.0% in 30 days (Nifty 500: +2.5%).
  • Q2 FY26: Revenue ₹10,893 cr (+11% year on year), EBITDA ₹1,374 cr (+16% year on year), PAT ₹808 cr (+33% year on year), EBITDA margin 12.6% (+47 bps). Score 54 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was above it. EBITDA margin rose 47 bps year on year. Share price after the results: +8.6% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹10,207 cr (+8% year on year), EBITDA ₹1,296 cr (+7% year on year), PAT ₹715 cr (+11% year on year), EBITDA margin 12.7% (−13 bps). Score 48 of 100, In line with trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin fell 13 bps year on year. Share price after the results: +3.0% in 30 days (Nifty 500: +0.7%).
  • Q4 FY25: Revenue ₹10,198 cr (+8% year on year), EBITDA ₹1,033 cr (0% year on year), PAT ₹590 cr (+18% year on year), EBITDA margin 10.1% (−82 bps). Score 46 of 100, In line with trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 82 bps year on year. Profit fell 10% from last quarter. Share price after the results: +18.1% in 29 days (Nifty 500: +6.1%).
  • Q3 FY25: Revenue ₹9,907 cr (+9% year on year), EBITDA ₹1,194 cr (−5% year on year), PAT ₹654 cr (−5% year on year), EBITDA margin 12.1% (−175 bps). Score 42 of 100, In line with trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 175 bps year on year.

Past price moves after results do not indicate future moves. Not a recommendation.

Jindal Stainless Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.