JSW Steel Ltd
JSW Steel Q2 Results 2026 (FY27): Revenue ₹54,486 Cr, PAT ₹5,359 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
JSW Steel Ltd Q2 FY27 key numbers
- Revenue
- Q2 FY27 Revenue from Operations: ₹54,486 crore.
As stated in JSW Steel Ltd's Q2 FY27 investor presentation · published 23 Oct 2026. Reported figures, not investment advice.
Based on JSW Steel Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue from Operations: ₹54,486 crore (Page 5) - Q2 FY27 Reported EBITDA: ₹10,120 crore (Page 33) - Q2 FY27 Adjusted EBITDA: ₹9,941 crore (Page 33) - Q2 FY27 Net Profit: ₹5,359 crore (Page 33) - Consolidated Steel Sales for Q2 FY27: 7.46 million tonnes, up 13% YoY (Page 25, 33) - Consolidated Crude Steel Production for Q2 FY27: 7.27 million tonnes, up 5% YoY (Page 25, 33) - India Operations Steel Sales (Q2 FY27): 7.07 mt, up 14% YoY (Page 28) - JSW JFE Steel Ltd. Q2 FY27 EBITDA: - Reported EBITDA: ₹10,120 crore (up from ₹9,383 crore in Q2 FY26 PF) - Adjusted EBITDA: ₹9,941 crore (up from ₹9,373 crore in Q2 FY26 PF) - Operating Margin: - Operating EBITDA for standalone India operations in Q2 FY27: ₹7,361 crore (up from ₹4,989 crore in Q2 FY26 PF) - No explicit operating margin percentage stated, but EBITDA figures indicate margin improvement YoY. - Profit After Tax (PAT): - Consolidated PAT: ₹5,359 crore (up from ₹4,696 crore in Q2 FY26 PF) - Year-on-Year Change: - EBITDA increased approximately 8% YoY on reported basis. - PAT increased by about 14% YoY. - Margin Outlook: - No explicit margin outlook is stated in the presentation.
From JSW Steel Ltd's Q2 FY27 earnings-call transcript · updated 23 Oct 2026.
Revenue & Sales Performance
- Q2 FY27 Revenue from Operations: ₹54,486 crore (Page 5)
- Q2 FY27 Reported EBITDA: ₹10,120 crore (Page 33)
- Q2 FY27 Adjusted EBITDA: ₹9,941 crore (Page 33)
- Q2 FY27 Net Profit: ₹5,359 crore (Page 33)
- Consolidated Steel Sales for Q2 FY27: 7.46 million tonnes, up 13% YoY (Page 25, 33)
- Consolidated Crude Steel Production for Q2 FY27: 7.27 million tonnes, up 5% YoY (Page 25, 33)
- India Operations Steel Sales (Q2 FY27): 7.07 mt, up 14% YoY (Page 28)
2 more points from JSW Steel Ltd's call on revenue
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Profitability & Margins
- Q2 FY27 EBITDA:
- Reported EBITDA: ₹10,120 crore (up from ₹9,383 crore in Q2 FY26 PF)
- Adjusted EBITDA: ₹9,941 crore (up from ₹9,373 crore in Q2 FY26 PF)
- Operating Margin:
- Operating EBITDA for standalone India operations in Q2 FY27: ₹7,361 crore (up from ₹4,989 crore in Q2 FY26 PF)
- No explicit operating margin percentage stated, but EBITDA figures indicate margin improvement YoY.
- Profit After Tax (PAT):
- Consolidated PAT: ₹5,359 crore (up from ₹4,696 crore in Q2 FY26 PF)
- Year-on-Year Change:
- EBITDA increased approximately 8% YoY on reported basis.
- PAT increased by about 14% YoY.
2 more points from JSW Steel Ltd's call on margins
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Capital Expenditure Plans
- Capex Overview:
- Total announced capex: ₹159,538 crore (net of ₹678 crore JSW JFE Steel balance)
- FY27 capex spend expected: ₹22,000-24,000 crore
- Balance capex to be spent: ₹148,402 crore
- Steelmaking Capacity Growth (67% of capex):
- JVML Phase-II: 5 mtpa expansion, ₹26,000 crore, commissioning by FY30
- JVML Pellet Plant (8 mtpa), BOF and Caster at Phase II: ₹4,950 crore
- Dolvi Phase-III expansion (10 to 15 mtpa): ₹2,000 crore, commissioning by Sep’27
- Caster & Plate Processing at Dolvi Phase-III: ₹2,000 crore
- Utkal Phase-II 5 mtpa: ₹16,150 crore
- Other Projects:
- 1 mtpa EAF and Structural mill at Kadapa: Under civil construction, commissioning by FY29
- 30 mtpa Slurry Pipeline in Odisha (302 km): Commissioning by Mar’27 (transferred to JSW Infrastructure in FY25)
- MdR Mozambique Coking Coal mine expansion to 9 mtpa + Indian mines: ₹3,150 crore
- New Plant Status:
2 more points from JSW Steel Ltd's call on capex
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Top-ranked in Ferrous Metals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Read what JSW Steel Ltd said on fundraising in the Q2 FY27 call
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JSW Steel Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹54.5K Cr, net profit ₹5.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What JSW Steel Ltd's management said in earlier quarters
Others in Ferrous Metals this season
- Jindal Steel Ltd (Q2 FY27)
Consolidated Q2FY27 Gross Revenue: ₹19,448 cr, up from ₹13,505 cr in Q2FY26 (+44% YoY) [Page 19] . Key investor presentation takeaways from Jindal Steel Ltd's Q
- Jindal Stainless Ltd (Q2 FY27)
Q2 FY27 Revenue from operations: INR 12,874 crore, up 18% YoY (Page 12, Page 4) . Key investor presentation takeaways from Jindal Stainless Ltd's Q2 FY27 invest
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Frequently Asked Questions
What were JSW Steel Ltd Q2 FY27 results?
Q2 FY27 Revenue from Operations: ₹54,486 crore (Page 5) - Q2 FY27 Reported EBITDA: ₹10,120 crore (Page 33) - Q2 FY27 Adjusted EBITDA: ₹9,941 crore (Page 33) - Q2 FY27 Net Profit: ₹5,359 crore (Page 33) - Consolidated Steel Sales for Q2 FY27: 7.46 million tonnes, up 13% YoY (Page 25, 33) - Consolidated Crude Steel Production for Q2 FY27: 7.27 million tonnes, up 5% YoY (Page 25, 33) - India Operations Steel Sales (Q2 FY27): 7.07 mt, up 14% YoY (Page 28) - JSW JFE Steel Ltd. Q2 FY27 EBITDA: - Reported EBITDA: ₹10,120 crore (up from ₹9,383 crore in Q2 FY26 PF) - Adjusted EBITDA: ₹9,941 crore (up from ₹9,373 crore in Q2 FY26 PF) - Operating Margin: - Operating EBITDA for standalone India operations in Q2 FY27: ₹7,361 crore (up from ₹4,989 crore in Q2 FY26 PF) - No explicit operating margin percentage stated, but EBITDA figures indicate margin improvement YoY. - Profit After Tax (PAT): - Consolidated PAT: ₹5,359 crore (up from ₹4,696 crore in Q2 FY26 PF) - Year-on-Year Change: - EBITDA increased approximately 8% YoY on reported basis. - PAT increased by about 14% YoY. - Margin Outlook: - No explicit margin outlook is stated in the presentation.
What is JSW Steel Ltd share price analysis?
JSW Steel Ltd currently shows a neutral. The stock trades at a P/E of 24.8 with a market cap of ₹298,393 Cr. Investors should review the full earnings analysis for detailed insights.
Is JSW Steel Ltd planning capital expenditure?
Capex Overview: - Total announced capex: ₹159,538 crore (net of ₹678 crore JSW JFE Steel balance) - FY27 capex spend expected: ₹22,000-24,000 crore - Balance capex to be spent: ₹148,402 crore
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.