JSWSTEEL JSW Steel Q2 FY27 results (Jul–Sep 2026) and concall
JSW Steel delivered solid volume growth in Q2 FY27, achieving record crude steel production of 7.27 million tonnes and sales of 7.46 million tonnes despite monsoon disruptions and geopolitical headwinds. Financial performance was supported by strong domestic demand, particularly in automotive (up 36% YoY), yielding consolidated revenue of ₹54,486 crores and an adjusted EBITDA margin of 18%. Management expanded its 5-6 year capex plan to ₹1.48 lakh crores to scale capacity to 78 million tonnes by 2032 while simultaneously de-leveraging the balance sheet to 1.28x net debt to EBITDA.
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What they filed
Q2 FY27: revenue up 27.3%, net profit up 40.5% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31,799 | 32,471 | 31,820 | 33,004 | 32,127 +1% | 36,245 +12% | 35,540 +12% | 42,008 +27% |
| EBITDA | 4,397 | 5,068 | 5,649 | 4,989 | 4,121 −6% | 5,673 +12% | 6,606 +17% | 7,361 +48% |
| Net profit | 1,286 | 2,047 | 2,217 | 2,417 | 757 −41% | 2,156 +5% | 5,750 +159% | 3,396 +41% |
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.
