Jindal Stainless Limited — Q2FY27 earnings call summary

Filed 28 October 2026 · Official transcript

Revised FY27 volume growth guidance to 4-6%; EBITDA/ton guidance raised to INR 20,000-22,000
Finished goods sales volume rose 14% q-o-q and 3% y-o-y; H1 FY27 deliveries at 1.25 mn tons, down 2% y-o-y
Q2 FY27 revenue, EBITDA, and PAT grew 14%, 8%, and 17% q-o-q respectively
Downstream capacity commissioning underway; Maharashtra plant land acquisition delayed
Nickel business EBITDA positive within guidance range; no major disruptions at Weda Bay site
Capex INR 1,555 Cr YTD; net debt INR 3,121 Cr; net debt/EBITDA 0.55x
Domestic demand strong; exports grew 20% q-o-q and 36% y-o-y, 11% of volumes
Import pressure increased due to suspension of quality control order; industry engaging govt for controls