Record Q2 revenue rises 44%, but H1 profit and margins fall

Revenue Growth 20pctEbitda Margin CompressionAuditor Mid Year ChangeGoing ConcernResults View source PDF Explain this filing

JINDALSTEL · price

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

-2.0%Reaction day

₹1037.00

prior close

₹1016.10

announcement price

In-mkt

timing

Nifty 100market-0.7%-1.3% vs market

Iron & Steel peers, median of 10sector-3.2%+1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty 100 and 1.2 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.

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Reaction day

-2.0-0.7-1.3-3.2+1.2

Next day

+0.3-0.0+0.3-2.3+2.6

+2.2+0.2+2.0-0.4+2.6

+1.7+0.0+1.7-2.6+4.3

+2.2+1.1+1.1-1.8+4.0

+2.3pendingpending-3.9+6.2

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AI summary

The Board approved Q2 and H1 FY27 results. Q2 gross revenue rose 44% year on year to Rs 19,448 crore, adjusted EBITDA was Rs 2,504 crore and profit after tax Rs 771 crore. H1 profit after tax fell to Rs 1,614 crore from Rs 2,131 crore as margins narrowed. Net debt to EBITDA improved to 1.51x from 1.71x in June. S S Kothari Mehta replaced Lodha and Co, which reviewed Q1. The Mauritius subsidiary's accounts rely on parent support.

Likely market impact

Strong sales growth and lower net debt help, but H1 profit and margins fell. Support for the Mauritius subsidiary and the auditor change add risk.