Q2 FY27 revenue rises 31% on record sales and lower debt

Analyst Day Multiyear TargetsInvestor Communications View source PDF Explain this filing

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

+4.9%Reaction day

₹1185.50

prior close

₹1195.50

announcement price

After-mkt

timing

Nifty 100market+0.7%+4.1% vs market

Iron & Steel peers, median of 10sector+0.5%+4.3% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty 100 and 4.3 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

+1.0

10m

+0.2

15m

+0.7

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9+0.7+4.1+0.5+4.3

Next day

+5.7+1.0+4.7+2.6+3.1

+4.7pendingpending+0.7+4.0

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15d

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

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AI summary

Revenue rose 31% year on year to ₹54,486 crore, adjusted EBITDA was ₹9,941 crore and net profit ₹5,359 crore, including a ₹7,051 crore one-off gain. Production rose 5% to 7.27 million tonnes and sales 13% to 7.46 million tonnes. Net debt fell to ₹44,482 crore; net debt to EBITDA was 1.28 times. Planned FY27 spending: ₹22,000-24,000 crore; FY32 capacity target is 62 million tonnes including joint ventures. FY26 data exclude BPSL's steel business.

Likely market impact

Record sales, higher earnings and lower debt may support the stock, but rising coal costs and heavy capital spending could pressure cash flow.