- Home
- Results news
- JSW Holdings
- Q2 FY27 results
JSW Holdings Q2 FY27 results: net profit up 94.8% to ₹130.88 crore, revenue up 99.3%
JSW Holdings Limited reported consolidated Q2 FY27 revenue of ₹166.59 crore and a net profit of ₹130.88 crore for the July–September 2026 quarter. Revenue rose 99.3% and net profit increased 94.8% from Q2 FY26, while basic EPS was ₹117.93.
Key points
- Consolidated Q2 FY27 revenue was ₹166.59 crore, up ₹83.02 crore or 99.3% from Q2 FY26.
- Net profit was ₹130.88 crore, up ₹63.71 crore or 94.8% year on year, and basic EPS was ₹117.93.
- Profit before tax was ₹161.62 crore, compared with ₹79.95 crore in Q2 FY26.
- For H1 FY27, revenue was ₹201.17 crore and net profit was ₹155.42 crore, up from ₹113.65 crore and ₹100.98 crore in H1 FY26.
- The reaction-day stock move was 0.4%, while the move by the next day's close was -2.7% from the pre-results close.
How did JSW Holdings perform in Q2 FY27?
JSW Holdings reported consolidated revenue of ₹166.59 crore for Q2 FY27, compared with ₹83.57 crore in Q2 FY26 and ₹34.58 crore in Q1 FY27. The increases were ₹83.02 crore, or 99.3%, and ₹132.01 crore, or 381.8%, respectively. Profit before tax was ₹161.62 crore, compared with ₹79.95 crore a year earlier and ₹29.05 crore in the previous quarter.
Net profit for the quarter was ₹130.88 crore, against ₹67.17 crore in Q2 FY26 and ₹24.54 crore in Q1 FY27. Basic EPS was ₹117.93, up from ₹60.52 and ₹22.11. The net profit margin was 78.6%, compared with 80.4% a year earlier and 70.9% in the previous quarter. EBITDA and EBITDA margin were not reported.
The filing also included standalone results. Standalone revenue was ₹166.59 crore and profit before tax was ₹161.62 crore, while profit after tax was ₹120.65 crore, compared with the consolidated net profit of ₹130.88 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 166.59 | 34.58 | 83.57 | +99.3% | +381.8% |
| Other income | 0 | 0.15 | 0 | ||
| Total expenses | 4.97 | 5.68 | 3.62 | +37.3% | −12.5% |
| Profit before tax | 161.62 | 29.05 | 79.95 | +102.2% | +456.4% |
| Tax | 40.97 | 7.58 | 20.35 | +101.3% | +440.5% |
| Net profit | 130.88 | 24.54 | 67.17 | +94.8% | +433.3% |
| EPS (₹) | 117.93 | 22.11 | 60.52 | +94.9% | +433.4% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in JSW Holdings' costs and profit?
Total expenses were ₹4.97 crore in Q2 FY27, up ₹1.35 crore or 37.3% from Q2 FY26 but down ₹0.71 crore or 12.5% from Q1 FY27. Employee benefit expense rose ₹0.98 crore, or 38.3%, year on year to ₹3.54 crore, while other expenses increased ₹0.36 crore, or 34.0%, to ₹1.42 crore. Finance costs and depreciation were unchanged year on year.
Other income was unchanged from Q2 FY26 at ₹0 crore and was lower than the ₹0.15 crore reported in Q1 FY27. There was no exceptional item in Q2 FY27. Tax expense rose ₹20.62 crore, or 101.3%, from ₹20.35 crore in Q2 FY26 and increased ₹33.39 crore from Q1 FY27's ₹7.58 crore. Profit before tax increased ₹81.67 crore year on year to ₹161.62 crore.
The results show that higher revenue and profit before tax were accompanied by higher employee and other expenses, while total expenses declined from the previous quarter. The filing excerpt does not state why the changes occurred.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 3.54 | 2.56 | +0.98 | +38.3% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 1.42 | 1.06 | +0.36 | +34.0% |
| Total expenses | 4.97 | 3.62 | +1.35 | +37.3% |
| Other income | 0 | 0 | 0 | |
| Tax | 40.97 | 20.35 | +20.62 | +101.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, JSW Holdings reported revenue of ₹201.17 crore, compared with ₹113.65 crore in H1 FY26. Total income was ₹201.32 crore versus ₹113.65 crore, while profit before tax rose from ₹106.3 crore to ₹190.67 crore and net profit increased from ₹100.98 crore to ₹155.42 crore. Basic EPS was ₹140.04, compared with ₹90.99 in H1 FY26.
Revenue increased ₹87.52 crore, or 77.0%, year to date. Total income rose ₹87.67 crore, or 77.1%, profit before tax increased ₹84.37 crore, or 79.4%, and net profit rose ₹54.44 crore, or 53.9%. Basic EPS increased ₹49.05, or 53.9%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 201.17 | 113.65 | +77.0% |
| Profit before tax | 190.67 | 106.30 | +79.4% |
| Net profit | 155.42 | 100.98 | +53.9% |
| EPS (₹) | 140.04 | 90.99 | +53.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹40423.49 crore as of 30 September 2026, compared with ₹37202.63 crore as of 31 March 2026. Total equity was ₹35793.11 crore, against ₹33011.48 crore at the previous balance sheet date, while cash declined from ₹2.59 crore to ₹0.57 crore. Borrowings were not reported in the provided figures.
For H1 FY27, operating cash flow was ₹122.53 crore, compared with ₹79.52 crore in H1 FY26, and investing cash flow was -₹124.54 crore, compared with -₹82.23 crore. Financing cash flow was unchanged at ₹0 crore, while capex was ₹0 crore against ₹0.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 40,423 | 37,203 |
| Total equity | 35,793 | 33,011 |
| Cash and equivalents | 0.57 | 2.59 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 122.53 | 79.52 |
| Cash from investing | −124.54 | −82.23 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0.01 |
Source: Company's results filing (XBRL).
How has JSW Holdings done over the last 8 quarters?
Revenue rose in each of the last four quarters, according to the reported trend. In the latest comparison, revenue increased from ₹34.58 crore in Q1 FY27 to ₹166.59 crore in Q2 FY27, while net profit rose from ₹24.54 crore to ₹130.88 crore.
Across the quarterly series, revenue was lowest at ₹29.22 crore in Q3 FY25 and highest at ₹166.59 crore in Q2 FY27. Net profit was lowest at ₹9.72 crore in Q4 FY25 and highest at ₹130.88 crore in Q2 FY27. EBITDA margin was not reported for the quarters in the trend data, so a margin peak or trough cannot be stated.
How did JSW Holdings shares react?
After the filing appeared in the market, the stock was up 5.4% after 5 minutes, 3.7% after 15 minutes and 3.6% after 30 minutes. On the reaction day, it closed up 0.4% from the previous close of ₹11209.0. By the next day's close, the cumulative move was -2.7% from the pre-results close.
| After the filing | Stock | Investment Company median |
|---|---|---|
| 5 minutes | +5.4% | |
| 15 minutes | +3.7% | |
| 30 minutes | +3.6% | |
| Reaction day | +0.4% | +1.0% |
| Next day | −2.7% | +0.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 6 August 2026 | −2.8% |
| 28 May 2026 | +4.6% |
| 29 January 2026 | +0.0% |
| 6 November 2025 | −0.8% |
| 31 July 2025 | −3.3% |
| 28 May 2025 | −5.2% |
| 4 February 2025 | −0.6% |
| 25 October 2024 | −1.5% |
Source: MarketPing price-reaction measurement.
How did other Investment Company companies do?
Twenty other Investment Company companies were compared for the quarter. Their median revenue growth was 25.8%, compared with JSW Holdings' consolidated revenue growth of 99.3%. Fifteen peers grew more slowly than JSW Holdings, while five grew faster.
Of the 22 peers for which profit was compared, 17 reported higher profit. The peer comparison was as of 4 November 2026.
| JSW Holdings revenue growth (YoY) | +99.3% |
|---|---|
| Median of 20 other Investment Company companies | +25.8% |
| Companies with slower revenue growth than JSW Holdings | 15 of 20 |
| Companies with faster revenue growth than JSW Holdings | 5 of 20 |
| Companies whose net profit rose | 17 of 22 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was JSW Holdings' revenue in Q2 FY27?
Revenue from operations was ₹166.59 crore, up 99.3% from ₹83.57 crore in Q2 FY26 (consolidated).
Did JSW Holdings make a profit in Q2 FY27?
Yes. Net profit was ₹130.88 crore, against a net profit of ₹67.17 crore in Q2 FY26.
What was JSW Holdings' EPS in Q2 FY27?
Basic earnings per share were ₹117.93, against ₹60.52 in Q2 FY26.
How did JSW Holdings shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.4% from the previous close; the median Investment Company stock moved +1.0%.
When did JSW Holdings announce its Q2 FY27 results?
On 29 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone & Consolidated Financial Results Of The Company For The Quarter Ended September 30, 2026 (BSE, 16 October 2026) · PDF
- Outcome of Board Meeting (NSE, 29 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.