Jindal Stainless Limited has reported a resilient financial performance for Q2 FY27, with revenue and EBITDA growing 14% and 8% quarter-on-quarter, respectively. The company also revised its full-year volume growth guidance to 4%–6% and EBITDA per ton guidance to ₹20,000–₹22,000. Key operational highlights include strong domestic demand, export growth, and progress on new product development and group restructuring.
Jindal Stainless Reports Strong Q2 FY27 Performance
Jindal Stainless Limited announced a robust financial performance for the second quarter and first half of FY27. The company achieved a 14% quarter-on-quarter growth in revenue and an 8% increase in EBITDA, signaling a strong recovery from earlier disruptions. Net revenue and EBITDA for Q2 FY27 showed significant improvements, driven by a strengthened focus on value-added products and healthy demand across key end-user segments.
Operational and Financial Highlights
Finished goods sales volume rose by 14% quarter-on-quarter, and for the first half of FY27, deliveries stood at 1.25 million tons. Consolidated EBITDA saw an increase of around 2% year-on-year to INR 2,762 crore, with consolidated PAT rising approximately 9% year-on-year to INR 1,666 crore. Domestic demand remained robust, growing 14% quarter-on-quarter, while exports also registered strong growth of 20% sequentially and 36% year-on-year.
Revised Full-Year Guidance
In light of the dynamic market environment and the impact of Q1 disruptions, Jindal Stainless has revised its full-year volume growth guidance to 4% to 6% (from 7% to 9% previously). The EBITDA per ton guidance has been increased to INR 20,000 to INR 22,000, up from INR 18,000 to INR 20,000. Capex and net debt guidance ranges remain unchanged.
Strategic Initiatives and Outlook
The company continues to focus on expanding its product portfolio, including the development of India’s first high-aluminum stainless steel grade for catalytic converters and new 400 series grades. A technical assistance agreement with Japan’s JFE Steel for ferritic grades has also been entered into. Furthermore, the board approved the amalgamation of four wholly owned subsidiaries to simplify the group structure and enhance operational efficiency. CARE Ratings upgraded the company’s long-term debt credit rating to AA+ Stable. The company remains confident in the long-term growth opportunities for stainless steel, emphasizing its strategy of market diversification, product innovation, and operational excellence.
Source: BSE
