Jindal Steel quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	16,679	11,686	+42.7%
EBITDA	2,572	2,081	+23.6%
EBITDA margin	15.4%	17.8%	−2.4 pts
Profit before tax	1,084	982	+10.4%
Net profit	771	635	+21.3%
EPS	₹7.61	₹6.28	+21.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	16,679	15,482	16,218	13,027	11,686	12,294	13,183	11,751	11,213	13,618	13,487	11,701	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	25.0	19.2	266	9.5	21.9	30.4	71.8	26.4	34.8	34.5	34.4	35.1
	16,704	15,501	16,484	13,036	11,708	12,325	13,255	11,777	11,248	13,652	13,521	11,736
	7,264	7,742	7,264	6,656	5,287	5,386	5,214	4,652	4,541	6,377	5,265	4,806
	526	506	583	376	409	455	491	470	269	482	805	399
	451	−615	490	−287	−402	−721	707	28.0	338	−7.2	191	−626
	386	367	322	303	321	305	298	309	275	302	361	325
	566	548	442	406	371	297	342	313	326	332	321	315
	947	926	862	839	750	722	691	698	696	683	995	636
	5,480	4,821	4,621	4,345	3,990	3,864	4,202	4,109	3,591	3,624	4,421	3,954
	15,619	14,296	14,583	12,638	10,726	10,307	11,945	10,578	10,035	11,793	12,358	9,810
	2,572	2,660	2,939	1,634	2,081	3,006	2,271	2,184	2,200	2,839	2,444	2,843
	1,626	1,734	2,077	795	1,332	2,284	1,580	1,486	1,504	2,156	1,450	2,207
Profit
	1,084	1,205	1,901	398	982	2,018	1,310	1,199	1,213	1,859	1,163	1,927
	0.0	0.0	−817	−54.6	0.0	0.0	−1,229	0.0	0.0	0.0	0.0	0.0
	1,084	1,205	1,085	344	982	2,018	81.0	1,199	1,213	1,859	1,163	1,927
	353	456	−570	269	330	603	277	362	386	571	279	42.4
	−40.4	−94.8	603	−119	17.1	−80.8	98.6	−113	−32.9	−50.2	−49.3	−43.4
	313	361	32.9	150	347	522	375	249	353	521	230	−1.0
	−0.9	−0.4	−10.4	−4.7	−0.0	−0.0	−9.2	0.1	0.0	0.0	0.2	0.1
	771	844	1,041	189	635	1,496	−304	951	860	1,338	933	1,928
	771	844	1,052	193	635	1,496	−294	951	860	1,338	933	1,928
	−94.8	99.9	111	−60.6	−129	53.6	−101	−213	−50.8	128	−18.6	59.8
	676	944	1,153	128	506	1,550	−405	738	810	1,466	915	1,988
	774	845	1,045	190	638	1,494	−339	950	861	1,340	935	1,928
	−3.8	−1.0	−3.5	−1.9	−3.2	2.0	35.8	0.4	−0.4	−2.2	−1.9	−0.3
Per share
	₹7.61	₹8.30	₹10.27	₹1.87	₹6.28	₹14.73	−₹3.35	₹9.39	₹8.49	₹13.31	₹9.34	₹19.21
	₹7.61	₹8.34	₹10.30	₹1.88	₹6.28	₹14.73	−₹3.35	₹9.39	₹8.49	₹13.31	₹9.34	₹19.21
Other comprehensive income — detail
	−94.8	99.9	111	−60.6	−129	53.6	−101	—	—	—	—	—
	1.1	−2.1	12.7	8.0	−7.5	−7.2	−24.9	−1.7	−1.7	−1.7	50.4	−5.9
	−0.0	−0.0	1.5	2.1	−1.9	−1.9	−6.4	—	—	—	—	—
	—	—	—	—	—	—	—	−0.4	−0.4	−0.4	12.8	−1.5
	—	102	100	−66.5	—	59.0	−82.9	−212	−49.5	130	−56.2	64.3
	95.9	0.0	0.0	0.0	124	0.0	0.0	—	—	—	—	—
	680	942	1,144	130	—	1,546	−442	742	806	1,466	918	1,992
	−3.8	2.1	8.5	−2.1	—	3.9	37.3	−4.1	3.9	0.6	−3.0	−4.7
Per share — as-filed variants
	₹7.61	₹8.30	₹10.27	₹1.87	₹6.28	₹14.73	−₹3.35	₹9.39	₹8.49	₹13.31	₹9.34	₹19.21
	₹7.61	₹8.34	₹10.30	₹1.88	₹6.28	₹14.73	−₹3.35	₹9.39	₹8.49	₹13.31	₹9.34	₹19.21
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	8,438	7,849	7,882	6,282	6,393	7,174	6,771	6,602	6,066	6,766	7,226	7,122
	50.6%	50.7%	48.6%	48.2%	54.7%	58.4%	51.4%	56.2%	54.1%	49.7%	53.6%	60.9%
Adjusted (ex-exceptional items) — derived
	1,084	1,205	1,901	398	982	2,018	1,310	1,199	1,213	1,859	1,163	1,927
	0.0	0.0	−817	−54.6	0.0	0.0	−1,229	0.0	0.0	0.0	0.0	0.0
	771	844	1,833	219	635	1,496	188	951	860	1,338	933	1,928
	₹7.61	₹8.30	₹18.08	₹2.17	₹6.28	₹14.73	₹2.08	₹9.39	₹8.49	₹13.31	₹9.34	₹19.21

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

JINDALSTEL₹1,048.10

Jindal Steel Ltd.

· Metal & Mining

Annual Quarterly₹ CrorePeersTATASTEEL JSWSTEEL SAIL HINDZINC VEDL HINDALCO ADANIENT NMDCMcap ₹1.07L Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	11,701.3	13,487.0	13,617.8	11,213.3	11,750.7	13,183.1	12,294.5	11,685.9	13,026.6	16,217.9	15,482.1	16,678.5
Other Income	35.1	34.4	34.5	34.8	26.4	71.8	30.4	21.9	9.5	266.4	19.2	25.0
Total Income	11,736.4	13,521.3	13,652.3	11,248.1	11,777.1	13,254.9	12,324.9	11,707.8	13,036.2	16,484.3	15,501.3	16,703.5
Expenses
+ Cost of Materials Consumed	4,806.2	5,264.6	6,377.3	4,540.6	4,651.6	5,213.6	5,386.3	5,286.7	6,656.0	7,263.7	7,741.6	7,263.6
+ Purchases of Stock-in-Trade	398.9	805.4	481.8	268.7	469.6	491.3	455.2	408.6	376.0	582.7	506.4	526.4
+ Changes in Inventories	-625.6	190.6	-7.2	337.6	28.0	707.1	-721.2	-402.0	-287.2	490.0	-614.9	450.8
+ Employee Benefit Expense	325.4	361.2	302.2	275.1	308.7	298.3	304.7	321.1	303.3	321.8	367.3	385.7
+ Finance Costs	315.1	320.6	331.8	325.9	312.8	341.6	296.6	371.3	406.5	442.3	548.2	566.2
+ Depreciation & Amortisation	635.7	994.9	682.9	696.0	698.1	690.6	721.5	749.5	838.7	861.8	926.4	946.7
+ Other Expenses	3,953.9	4,420.7	3,624.4	3,591.1	4,109.0	4,202.1	3,863.9	3,990.4	4,344.8	4,620.7	4,821.4	5,479.7
Total Expenses	9,809.6	12,358.0	11,793.3	10,034.9	10,577.7	11,944.5	10,307.0	10,725.6	12,638.0	14,583.0	14,296.4	15,619.1
EBITDA	2,842.6	2,444.5	2,839.3	2,200.3	2,183.9	2,270.8	3,005.6	2,081.1	1,633.7	2,939.1	2,660.4	2,572.3
EBIT	2,206.9	1,449.6	2,156.4	1,504.3	1,485.8	1,580.2	2,284.1	1,331.6	795.1	2,077.3	1,734.0	1,625.6
Profit
PBT before Exceptional Items	1,926.8	1,163.3	1,859.1	1,213.3	1,199.3	1,310.4	2,017.9	982.3	398.2	1,901.3	1,205.0	1,084.4
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	-1,229.5	0.0	0.0	-54.6	-816.8	0.0	0.0
Pretax Income	1,926.8	1,163.3	1,859.1	1,213.3	1,199.3	81.0	2,017.9	982.3	343.6	1,084.5	1,205.0	1,084.4
+ Current Tax	42.4	279.3	571.3	385.7	362.0	276.8	602.7	330.1	269.4	-569.8	455.5	353.3
+ Deferred Tax	-43.4	-49.3	-50.2	-32.9	-113.5	98.6	-80.8	17.1	-119.1	602.8	-94.8	-40.4
Tax Expense	-1.0	230.1	521.1	352.8	248.5	375.4	521.9	347.2	150.3	32.9	360.8	312.9
+ Share of Associates & JVs	0.1	0.2	0.0	0.0	0.1	-9.2	-0.0	-0.0	-4.7	-10.4	-0.4	-0.9
Net Income	1,928.0	933.5	1,337.9	860.5	950.9	-303.6	1,496.0	635.1	188.6	1,041.2	843.8	770.6
+ Net Income — Continuing Ops	1,927.9	933.3	1,337.9	860.5	950.8	-294.4	1,496.0	635.1	193.3	1,051.6	844.2	771.5
+ Other Comprehensive Income	59.8	-18.6	128.5	-50.8	-213.2	-101.4	53.6	-129.3	-60.6	111.3	99.9	-94.8
Total Comprehensive Income	1,987.8	914.9	1,466.4	809.7	737.7	-405.0	1,549.6	505.8	128.0	1,152.6	943.7	675.9
Net Income to Common	1,928.3	935.4	1,340.2	860.9	950.5	-339.4	1,494.0	638.2	190.4	1,044.8	844.8	774.4
Minority Interest	-0.3	-1.9	-2.2	-0.4	0.4	35.8	2.0	-3.2	-1.9	-3.5	-1.0	-3.8
Per Share
Basic EPS	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.87	10.27	8.30	7.61
Diluted EPS	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.88	10.30	8.34	7.61
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-101.4	53.6	-129.3	-60.6	111.3	99.9	-94.8
+ Items NOT to be Reclassified to P&L	-5.9	50.4	-1.7	-1.7	-1.7	-24.9	-7.2	-7.5	8.0	12.7	-2.1	1.1
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-6.4	-1.9	-1.9	2.1	1.5	-0.0	-0.0
+ Tax on Items NOT to be Reclassified — alt tag	-1.5	12.8	-0.4	-0.4	-0.4	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	64.3	-56.2	129.8	-49.5	-211.9	-82.9	59.0	—	-66.5	100.1	101.9	—
+ Tax on Items to be Reclassified	—	—	—	—	—	0.0	0.0	123.7	0.0	0.0	0.0	95.9
Comprehensive Income — Owners of Parent	1,992.5	917.9	1,465.8	805.9	741.8	-442.3	1,545.7	—	130.1	1,144.1	941.6	679.6
Comprehensive Income — Non-controlling Interests	-4.7	-3.0	0.6	3.9	-4.1	37.3	3.9	—	-2.1	8.5	2.1	-3.8
Per Share — as-filed variants
Basic EPS — Continuing Operations	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.87	10.27	8.30	7.61
Diluted EPS — Continuing Operations	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.88	10.30	8.34	7.61
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	7,121.8	7,226.3	6,765.9	6,066.5	6,601.6	6,771.2	7,174.2	6,392.6	6,281.8	7,881.5	7,849.1	8,437.7
Gross Margin %	60.86	53.58	49.68	54.10	56.18	51.36	58.35	54.70	48.22	48.60	50.70	50.59
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1,926.8	1,163.3	1,859.1	1,213.3	1,199.3	1,310.4	2,017.9	982.3	398.2	1,901.3	1,205.0	1,084.4
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	-1,229.5	0.0	0.0	-54.6	-816.8	0.0	0.0
Net Income Adj (tax-effected)	1,928.0	933.5	1,337.9	860.5	950.9	188.2	1,496.0	635.1	219.3	1,833.3	843.8	770.6
EPS Adj	19.21	9.34	13.31	8.49	9.39	2.08	14.73	6.28	2.17	18.08	8.30	7.61
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Paid Up Equity Capital	100.2	100.2	101.2	101.2	101.2	101.2	101.8	101.8	101.8	101.8	101.8	101.8

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Jindal Steel Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 23 October 2026 at 3:14 pm IST

Jindal Steel (NSE: JINDALSTEL) reported its Q2 FY27 results (July–September 2026) on Friday, 23 October 2026 at 3:14 pm IST. Consolidated net profit attributable to shareholders was ₹774 crore, up 21.3% from ₹638 crore in Q2 FY26 and down 8.3% from ₹845 crore in Q1 FY27. Revenue from operations was ₹16,679 crore, up 42.7% year on year and up 7.7% from the previous quarter.

Q2 FY26 results (a year earlier): 28 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹774 Cr+21.3% vs Q2 FY26−8.3% vs Q1 FY27Total incl. minority interest ₹771 Cr
Revenue from operations: ₹16,679 Cr+42.7% vs Q2 FY26+7.7% vs Q1 FY27
Operating margin (EBIT): 9.7%−1.6 pts vs Q2 FY26−1.5 pts vs Q1 FY27EBIT ₹1,626 Cr
EBITDA: ₹2,572 Cr+23.6% vs Q2 FY26−3.3% vs Q1 FY27margin 15.4%
Earnings per share (basic): ₹7.61+21.2% vs Q2 FY26−8.3% vs Q1 FY27
Net profit margin: 4.6%−0.8 pts vs Q2 FY26−0.8 pts vs Q1 FY27

Questions

What was Jindal Steel's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹774 crore, up 21.3% from ₹638 crore in Q2 FY26 and down 8.3% from ₹845 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹771 crore.

How were Jindal Steel's Q2 FY27 results?

Both grew from a year earlier: net profit was up 21.3% at ₹774 crore and revenue was up 42.7% at ₹16,679 crore. The operating margin was 9.7%, down 1.6 percentage points from 11.4% a year earlier. Against Q1 FY27, net profit was down 8.3% and revenue up 7.7%.

What is Jindal Steel's net profit margin?

Jindal Steel's net profit margin was 4.6% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 5.5% in Q2 FY26 (down 0.8 percentage points). For FY26 as a whole it was 6.3%.

What was Jindal Steel's revenue in Q2 FY27?

Revenue from operations was ₹16,679 crore, up 42.7% year on year and up 7.7% from the previous quarter.

What was Jindal Steel's EPS in Q2 FY27?

Basic earnings per share were ₹7.61, against ₹6.28 in Q2 FY26.

What was Jindal Steel's revenue in FY26?

Revenue from operations was ₹53,225 crore in FY26 (April 2025–March 2026), up 7.0% from ₹49,765 crore in FY25. It was ₹50,027 crore in FY24 and ₹52,711 crore in FY23: up 1.0% over three years, 0.3% a year on average.

What was Jindal Steel's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,626 crore, a margin of 9.7%, against 11.2% in Q1 FY27 and 11.4% in Q2 FY26. EBITDA was ₹2,572 crore, 15.4% of revenue.

What was Jindal Steel's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,619 crore, down 24.1% from ₹2,132 crore in the same months a year earlier. Revenue from operations was ₹32,161 crore, up 34.1%.

What was Jindal Steel's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹3,367 crore in FY26 (April 2025–March 2026), up 19.7% from ₹2,812 crore in FY25. It was ₹5,938 crore in FY24 and ₹3,174 crore in FY23: up 6.1% over three years, 2.0% a year on average.

How has Jindal Steel's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹190 crore in Q3 FY26, ₹1,045 crore in Q4 FY26, ₹845 crore in Q1 FY27 and ₹774 crore in Q2 FY27. That is ₹2,854 crore over the four quarters, up 4.1% from ₹2,743 crore in the four quarters before. Revenue from operations: ₹13,027 crore, ₹16,218 crore, ₹15,482 crore and ₹16,679 crore.

When did Jindal Steel announce its Q2 FY27 results?

On Friday, 23 October 2026 at 3:14 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 28 October 2025.

When will Jindal Steel announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Jindal Steel figures come from?

From Jindal Steel's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.