Jindal Steel net profit up 21pct YoY in Q2 FY27

Jindal Steel’s consolidated net profit rose by 21pct YoY to INR 7.71 bln (USD 81.2 mln) in the July-September quarter of FY2026-27.

Net revenue increased by 43pct YoY to INR 167.04 bln (USD 1.76 bln), while adjusted EBITDA climbed by 34pct to INR 25.04 bln (USD 264 mln). Compared with the previous quarter, net revenue grew by 8pct, while EBITDA declined by 6pct.

Crude steel production remained stable quarter on quarter at 2.40 mln tons, up 20pct YoY. Steel sales increased by 27pct YoY and 6pct QoQ to a record 2.38 mln tons, supported by inventory liquidation.

Flat products accounted for 61pct of total sales, compared with 53pct in the previous quarter, contributing to an improvement in average selling prices. Domestic sales represented 92pct of total sales, up from 91pct in Q1 FY27.

During the quarter, Jindal Steel commissioned its 192 km Barbil-Angul iron ore slurry pipeline, with a capacity of 18 mln tons per year. The company also partnered with IIT Hyderabad to advance the development of high-strength, value-added steel products. Separately, it received a Guinness World Record for a 1.85 km road built exclusively with processed steel slag in Raigarh, in collaboration with CSIR-CRRI.

Jindal Steel Ltd. is a major Indian steel, mining, and infrastructure company operating integrated plants in Angul, Raigarh, and Patratu, producing a broad range of products including sponge iron, rebars, wire rod, plates, HRC, beams, sections, and rails, including head-hardened rails.