JINDAL STEEL Q2 FY27: PAT ₹844 Cr & Rev ₹17,834 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

Metric	Value
Revenue	₹17,834 Cr
Net Profit (PAT)	₹844 Cr

📢 Key Event
Board approved unaudited Q1FY27 financials and key leadership appointments.

🔄 What Changed
Net Debt increased to INR 15,927 Cr; Net Debt/EBITDA rose to 1.71x; Gross Revenue declined 8% QoQ; Adjusted EBITDA fell 10% QoQ; PAT dropped 19% QoQ.

🔮 What's Next
No forward guidance provided in the document.

💡 Investor Takeaway
Leadership changes and stable debt levels suggest strategic reshaping amid modest revenue pressure.

Jindal Steel reported consolidated gross revenue of INR 17,834 Cr for Q1FY27, down 8% QoQ, with adjusted EBITDA at INR 2,667 Cr and PAT at INR 844 Cr. The company appointed Vidya Rattan Sharma as Managing Director, Sandeep Modi as CFO, Rajiv Kumar as COO, and Sukhjit Pasricha as Head of HR, while S S Kothari Mehta & Co. LLP was named new statutory auditor. Sunil Agrawal stepped down as interim CFO but will continue overseeing finance.

2 Financial Results 🔴 High Importance Neutral 📄 PDF

Metric	Value
Revenue	₹17,834 Cr
Net Profit (PAT)	₹844 Cr

📢 Key Event
Board approved unaudited Q1FY27 results, new appointments, and auditor change

🔄 What Changed
Net debt increased to INR 15,927 crore; adjusted EBITDA at INR 2,667 crore; new MD, CFO, COO, and HR head appointed

🔮 What's Next
Net debt/EBITDA ratio at 1.71x; company highlighted shift to richer product mix and disciplined cost management

💡 Investor Takeaway
Shareholders gain clarity on leadership continuity and financial resilience amid volume pressures

Jindal Steel reported consolidated gross revenue of INR 17,834 crore for Q1FY27, down 8% QoQ, with adjusted EBITDA at INR 2,667 crore and PAT of INR 844 crore. The company appointed Vidya Rattan Sharma as Managing Director, Sandeep Modi as CFO, Rajiv Kumar as COO, and Sukhjit Pasricha as Head of HR, while S S Kothari Mehta & Co. LLP was appointed as statutory auditor. Consolidated net debt stood at INR 15,927 crore.

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About JINDAL STEEL LIMITED (JINDALSTEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹1,25,674.85 Cr P/E: 30.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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