Jindal Steel & Power Limited has announced its financial results for the second quarter and first half of FY2026-27. The company achieved a record all-time high quarterly revenue of ₹19,448 crore for Q2FY27, marking a significant increase in sales and profitability. EBITDA saw a substantial rise of 34% YoY, reflecting improved operational efficiency and market conditions. The company also highlighted operational achievements, including the commissioning of a new slurry pipeline.
Jindal Steel Reports Record Q2FY27 Performance
Jindal Steel & Power Limited has posted strong financial results for the second quarter ended September 30, 2026, achieving an all-time high quarterly revenue of INR 19,448 crore. This represents a notable increase from the previous periods, driven by robust sales volumes and improved realizations.
Key Financial Highlights (Consolidated)
Q2FY27 vs. Q2FY26
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Gross Revenue: INR 19,448 Cr (up from INR 13,505 Cr)
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EBITDA: INR 2,504 Cr (up 34% YoY)
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Profit After Tax (PAT): INR 771 Cr
H1FY27 vs. H1FY26
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Gross Revenue: INR 37,282 Cr (up from INR 27,841 Cr)
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EBITDA: INR 5,171 Cr
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Profit After Tax (PAT): INR 1,614 Cr
Standalone Performance
On a standalone basis, the company also demonstrated strong performance:
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Q2FY27 Gross Revenue: INR 17,721 Cr
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Q2FY27 Profit After Tax: INR 861 Cr
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H1FY27 Gross Revenue: INR 35,286 Cr
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H1FY27 Profit After Tax: INR 1,947 Cr
Operational Achievements
The company reported significant operational milestones, including the commissioning of the 192 km Barbil-Angul slurry pipeline, designed to transport iron ore efficiently. Additionally, Jindal Steel was awarded a Guinness World Record for the world’s longest road built exclusively with processed steel slag. A strategic partnership with IIT Hyderabad was also established to advance research in high-strength steel solutions.
Financial Position
Consolidated net debt stood at ₹14,786 crore as of September 30, 2026, showing improvement from ₹15,927 crore in the previous quarter. The net debt to EBITDA ratio improved to 1.51x.
Source: BSE
