JSW Steel reported Q2 FY27 net profit of ₹3,313 Cr on revenue of ₹44,053 Cr, with profit up +35.1% year-on-year and ahead of street estimates. The stock rose sharply in reaction as investors weighed the margin trend and management's outlook for the rest of the year.
Last 8 quarters / 3 years
| Period | Revenue | Net Profit | EPS | YoY | QoQ |
|---|---|---|---|---|---|
| Q3 FY25 | ₹32,091 Cr | ₹2,632 Cr | ₹10.77 | — | — |
| Q4 FY25 | ₹34,421 Cr | ₹2,809 Cr | ₹11.50 | — | +6.7% |
| Q1 FY26 | ₹34,392 Cr | ₹2,482 Cr | ₹10.16 | — | -11.6% |
| Q2 FY26 | ₹36,991 Cr | ₹2,451 Cr | ₹10.04 | — | -1.2% |
| Q3 FY26 | ₹38,123 Cr | ₹2,562 Cr | ₹10.49 | -2.6% | +4.5% |
| Q4 FY26 | ₹39,303 Cr | ₹3,365 Cr | ₹13.78 | +19.8% | +31.3% |
| Q1 FY27 | ₹41,253 Cr | ₹3,293 Cr | ₹13.48 | +32.7% | -2.1% |
| Q2 FY27 | ₹44,053 Cr | ₹3,313 Cr | ₹13.56 | +35.1% | +0.6% |
Last 4 quarters
JSW Steel entered a strategic partnership to widen its addressable market. Management expects the tie-up to contribute modestly to revenue over the next few quarters.
Several brokerages maintained a positive stance on JSW Steel, citing improving return ratios and a clearer growth runway, while a few flagged valuations as the key risk.
In an exchange filing, JSW Steel said its board cleared a multi-year investment to expand capacity, aimed at meeting demand and improving operating leverage over the medium term.
JSW Steel announced an interim dividend, with the record date set for later this month. The payout is consistent with the company's stated capital-return policy.
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Iron & Steel
| Company | P/E | 1Y |
|---|---|---|
| Tata Steel ₹2,06,000 Cr | 57.8 | +14.5% |
| Coal India ₹2,49,000 Cr | 63.6 | +13.4% |
| Hindalco Industries ₹1,55,000 Cr | 47.5 | +23.5% |
JSW Steel is a leading Indian company in the iron & steel space within the Metals & Mining sector. It is a constituent of the Nifty 50 and is actively tracked by institutional and retail investors.