JSW Steel Q2 results: Profit zooms 225% YoY at Rs 5,279 on record sales, firm flat steel prices; revenue rises 10.7%

The same stood at Rs 1,623 crore in the same quarter of the previous financial year (Q2FY26). Revenue from operations rose 10.7 percent YoY to Rs 54,486 crore in Q2FY27, compared to Rs 45,152 crore in the July-September quarter of FY26. The JSW Group entity's total income increased to Rs 54,927 crore in Q2FY27 from Rs 45,436 crore in the year-ago period. The steelmaker’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reported a 42.2 percent YoY growth to come in at Rs 10,120 crore during the September quarter against Rs 7,115 crore in the same quarter the previous fiscal.

EBITDA increased 6 percent on quarter-on-quarter (QoQ) basis, driven by higher volumes, partly offset by higher coking coal prices and lower realisations. JSW Steel's EBITDA margin improved 280 bps YoY at 18.6 percent in the second quarter of FY27 against 15.8 percent in Q2FY26. During the quarter, sales of Steel were the highest ever at 7.46 million tonne (MT), up 13 per cent year-on-year and 19 per cent quarter-on-quarter.

Sales of Flats and VASP (value added steel products) were also the highest ever, up 16 percent and 11 percent YoY, respectively. Domestic sales surged 12 percent YoY and 18 percent sequentially to stand at a record 6.29 MT. The Institutional sales volumes stood at 4.15 MT, higher by 15 percent YoY. Sales to the auto sector were at record high, up 36 percent YoY. Exports stood at 0.98 MT, contributing 13 percent to sales from India operations for Q2FY27.

As of September 2026, the company said its net debt stood at Rs 44,482 crore, lower by Rs 1,675 crore compared to June 2026. During the quarter, the India operations registered revenue from operations of Rs 50,188 crore and adjusted EBITDA of Rs 9,636 crore, with an EBITDA margin of 19.2 percent. JSW Steel Share Price Shares of JSW Steel today closed at Rs 1187, down Rs 31.90 or 2.62 percent from the previous close of Rs 1,218.90, on the BSE.