Q2FY27 revenue and volumes rise, but coal costs squeeze margins

Mgmt Guided Margin PressureCfo Debt Reduction RoadmapInvestor Communications View source PDF Explain this filing

JINDALSTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.4%Reaction day

₹1015.90

prior close

₹1010.00

announcement price

After-mkt

timing

Nifty 100market+0.7%+1.6% vs market

Iron & Steel peers, median of 10sector+0.5%+1.8% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty 100 and 1.8 pts more 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

+1.9

10m

+1.4

15m

+1.8

30m

+2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4+0.7+1.6+0.5+1.8

Next day

+4.3pendingpending+2.6+1.8

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15d

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UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

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

AI summary

Jindal Steel reported Q2FY27 gross revenue of ₹19,448 crore, adjusted EBITDA of ₹2,504 crore and profit after tax of ₹771 crore. Steel production was 2.40 MT and sales 2.38 MT. Higher coking coal, power, fuel and freight costs and weak seasonal TMT demand pressured margins. Net debt fell to ₹14,786 crore, or 1.51 times EBITDA. Capex guidance is ₹7,500 to ₹10,000 crore, with net debt to EBITDA targeted below 1.5 times through the cycle.

Likely market impact

Higher volumes and expansion support growth, but coal costs may cap near-term earnings; leverage is near the stated 1.5 times target.