Board okays Q2 results, scheme to merge 4 wholly-owned subsidiaries

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JSL · price

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Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹708.60

prior close

₹701.10

announcement price

After-mkt

timing

Nifty Midcap 150market-2.1%-1.2% vs market

Iron & Steel peers, median of 10sector-3.0%-0.3% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 0.3 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.1

15m

-0.4

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3-2.1-1.2-3.0-0.3

Next day

-2.8-1.0-1.7-1.7-1.0

-0.4-0.1-0.3+0.1-0.6

-3.4+0.2-3.6-1.1-2.4

-3.3+1.0-4.4-1.1-2.3

-5.0pendingpending-3.3-1.7

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15d

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UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Stainless posted Q2 FY27 standalone revenue of Rs 11,413 crore, up 5% YoY, and PAT of Rs 785.5 crore vs Rs 643.9 crore YoY. H1 FY27 PAT rose to Rs 1,391 crore. Board also approved a composite scheme to merge four wholly-owned subsidiaries (Chromeni Steels, Rabirun Vinimay, JSL Super Steel, Jindal United Steel) into JSL, with April 1, 2027 as appointed date. Scheme subject to NCLT approval. Long-term credit rating upgraded to CARE AA+ Stable.

Likely market impact

Strong Q2 earnings; amalgamation of wholly-owned subsidiaries streamlines group structure with no change in shareholding.