JSW STEEL Quarterly Results Analysis-Q2FY2027

JSWSTEEL Financial performance and key operating metrics (Consolidated) : Operating Revenue for Q2FY27 is Rs. 54,486 Crs., 31.39% growth YoY, Total Income is Rs. 54,927 Crs., 31.09% growth YoY, EBITDA is Rs. 10,120 Crs., 58.25% growth YoY, PBT Rs. 7,051 Crs., 198.77% growth YoY, PAT Rs. 5,359 Crs. 222.44% growth YoY. On QoQ basis Op. Revenue is up by 15.04%, Total Income is up by 14.22%, EBITDA is up by 7.85%, PBT is up by 14.46% PAT is also up by 14.12%. Record output : • Crude steel production (consolidated) 7.27 mt (+5% YoY). • India operations production 7.07 mt (+5% YoY). Sales volumes : • Consolidated sales 7.46 mt (+13% YoY)—highest ever. • India sales 7.27 mt (+14% YoY), driven by “demand recovery in the second half of Q2.” • Domestic sales record 6.29 mt (+12% YoY), outpacing market growth. • H1 capex spend ₹11,136 crore • FY2027 capex guidance reiterated ₹22,000–24,000 crore. • Prepaid $500m bond + another $500m bond in October (ahead of April maturity).