JSW Steel Q2 profit triples to Rs 5,359 cr on record sales

New Delhi, Oct 23 (PTI) JSW Steel on Friday posted over three-fold jump in consolidated net profit at Rs 5,359 crore for September quarter FY27 buoyed by record sales.

The JSW Group entity had clocked a profit of Rs 1,646 crore in the year-ago period, it said in an exchange filing. Total income increased to Rs 54,927 crore from Rs 45,436 crore.

During the quarter, sales of Steel were the highest ever at 7.46 million tonne (MT), up 13 per cent year-on-year and 19 per cent quarter-on-quarter.

Sales of Flats and VASP (value added steel products) were also the highest ever, up 16 per cent and 11 per cent YoY, respectively.

Domestic sales stood at a record 6.29 MT, up 12 per cent YoY and 18 per cent QoQ. The Institutional sales volumes stood at 4.15

MT, higher by 15 per cent YoY.

Sales to the auto sector were at record high, up 36 per cent YoY. Exports stood at 0.98 MT, contributing 13 per cent to sales from India operations for Q2 FY27.

The company registered quarterly revenue from operations of Rs 54,486 crore and adjusted EBITDA of Rs 9,941 crore, with an EBITDA margin of 18.3 per cent during the quarter.

EBITDA increased 6 per cent QoQ, driven by higher volumes, partly offset by higher coking coal prices and lower realisations. Reported EBITDA was Rs 10,120 crore during the quarter.

As of September 2026, the company said its net debt stood at Rs 44,482 crore, lower by Rs 1,675 crore compared to June 2026.

During the quarter, the India operations registered revenue from operations of Rs 50,188 crore and adjusted EBITDA of Rs 9,636 crore, with an EBITDA margin of 19.2 per cent. PTI ABI ABI ANU

ANU