Jindal Stainless Q2 FY27 results (Jul–Sep 2026) and concall

Metals & Mining · Concall AI · Call held 23 Oct 2026

Company page: Jindal Stainless share price, financials & guidance record

Jindal Stainless Limited reported a solid recovery in Q2 FY27 as operations normalized from prior industrial gas and logistics bottlenecks, driving a 14% QoQ rise in finished goods volume. Despite persistent pressure from cheap Chinese imports following QCO suspensions, profitability was supported by an enhanced mix of value-added products and geographical export diversification. Consequently, management raised its FY27 EBITDA per ton guidance to INR 20,000-22,000 while moderating volume growth expectations to 4%-6%.

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What they filed

Q2 FY27: revenue up 4.9%, net profit up 22.0% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	10,066	10,786	10,341	10,881	10,632 +6%	10,826 +0%	10,677 +3%	11,413 +5%
Expenses	9,062	9,895	9,293	9,821	9,529	9,715	9,648	10,235
EBITDA	1,003	890	1,048	1,060	1,103 +10%	1,111 +25%	1,028 −2%	1,178 +11%
Margin	10%	8%	10%	10%	10%	10%	10%	10%
Other income	137	511	103	99	80	307	124	227
Interest	120	109	100	96	92	94	104	123
Depreciation	189	186	189	196	200	208	233	227
Profit before tax	832	1,107	863	867	891 +7%	1,115 +1%	815 −6%	1,055 +22%
Tax rate	26%	16%	26%	26%	25%	20%	26%	26%
Net profit	619	925	642	644	666 +8%	892 −4%	606 −6%	786 +22%
EPS	7.51	11.23	7.79	7.81	8.08	10.81	7.35	9.53

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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