Q2 FY27 results: revenue up 18%, PAT up 11% YoY, rating upgraded to AA+
JSL · price
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Jindal Stainless Q2 FY27: revenue rose 18 percent YoY to Rs 12,874 Cr, EBITDA grew 3 percent to Rs 1,433 Cr, PAT up 11 percent to Rs 898 Cr on 14 percent volume growth to 664 KT. H1 FY27 revenue at Rs 24,152 Cr, up 14 percent YoY, with PAT of Rs 1,666 Cr. Net debt at Rs 3,121 Cr (debt to equity 0.15x). CARE upgraded long-term rating to AA+ from AA. Outlook for FY27 positive, though oil and gas and power segments face geopolitical headwinds. Plan to merge four wholly owned units into JSL announced.
Strong top-line and volume growth, but EBITDA up only 3 percent vs 18 percent revenue rise signals margin pressure. Rating upgrade and debt-light balance sheet are positives.