JSW Steel Q2 Results FY27: Net Profit Jumps 225.58% YoY, Revenue Rs 54,486 Cr, PAT Rs 5,359 Cr
- October 26, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
JSW Steel Q2 Results FY27 were declared on 23 October 2026 on a Consolidated basis. Revenue from operations came in at Rs 54,486 Cr against Rs 45,152 Cr a year earlier, YoY growth of 20.67%. Net profit rose 225.58% YoY to Rs 5,359 Cr from Rs 1,646 Cr. These quarterly results also show Operating Profit of Rs 10,120 Cr, up 42.23%.
JSW Steel Ltd (JSWSTEEL) Q2 Results FY27 announced on 23 October 2026, covering the company’s financial performance for the July to September quarter. The results date confirms consolidated results with revenue of Rs 54,486 Cr and PAT of Rs 5,359 Cr. In the JSW Steel Q2 Results FY27, profit grew far faster than the top line, with PAT more than tripling from the Rs 1,646 Cr reported in the same quarter last year.
This results analysis of the JSW Steel Q2 Results looks at the financial highlights first, then the business drivers disclosed for the quarter, the outlook for the rest of the year and the risks investors should track. The figures below set the base for every section that follows, starting with the financial highlights.
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JSW Steel Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 54486 Cr | Rs 45152 Cr | +20.67% YoY |
| Operating Profit | Rs 10120 Cr | Rs 7115 Cr | +42.23% YoY |
| Net Profit (PAT) | Rs 5359 Cr | Rs 1646 Cr | +225.58% YoY |
Source: company filing for JSW Steel Q2 Results FY27, 23 October 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from JSW Steel Q2 Results: What Stands Out
- Revenue at Rs 54,486 Cr: the top line rose 20.67% YoY from Rs 45,152 Cr, an increase of Rs 9,334 Cr in one year.
- Net profit at Rs 5,359 Cr: PAT showed YoY growth of 225.58% against Rs 1,646 Cr in the July to September 2025 quarter.
- Operating Profit at Rs 10,120 Cr: the middle profit line grew 42.23% from Rs 7,115 Cr, double the pace of revenue growth.
- Margin shift in JSW Steel Q2 Results FY27: net profit margin stood at 9.8% compared with 3.6% in the comparison quarter.
- What to watch: balance sheet debt and uneven quarterly profits remain the main risks, which the performance analysis below places in context.
JSW Steel Q2 Results FY27: Performance Analysis
The JSW Steel Q2 Results FY27 show every reported profit line growing faster than revenue. Revenue rose 20.67% to Rs 54,486 Cr, Operating Profit rose 42.23% to Rs 10,120 Cr, and net profit rose 225.58% to Rs 5,359 Cr. That order of growth, from top line to bottom line, is the central point of this results analysis.
Measured in rupees, Operating Profit added Rs 3,005 Cr year on year while net profit added Rs 3,713 Cr. These quarterly results show the bottom line gaining more than the middle profit line in absolute terms. For the drivers the company disclosed, the Key Business Factors section below lists what the reported data supports.
For investors following the JSW Steel Q2 Results, the next disclosures to track are whether YoY growth in revenue holds near the 20.67% seen here and whether net profit stays close to Rs 5,359 Cr. The JSW Steel Q2 Results FY27 also sit against a history of uneven quarterly profits, which is where the business factors come in.
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Key Business Factors This Quarter
Top-Line Expansion – The business factors start with revenue, which grew 20.7% year on year to Rs 54,486 Cr. In the JSW Steel Q2 Results FY27, this rise in sales gave the company a larger base from which Operating Profit and net profit were earned.
Net Profit Growth – Net profit rose 225.6% year on year to Rs 5,359 Cr. This made the bottom line the fastest moving figure in the quarterly results, well ahead of the 42.23% growth in Operating Profit over the same period.
Margin and Return Profile – Net profit margin improved to 9.8% from 3.6% in the comparison quarter. Separately, return on equity was 28.54% in FY26, which gives a reference point for how the business earned on shareholder capital in the last full year.
FY27 Outlook After JSW Steel Q2 Results
The outlook after this results analysis rests on what the remaining quarters report. FY27 full-year results will depend on the numbers declared in the December and March quarters and on disclosed sector conditions. A single quarter, however strong its YoY growth, does not settle the direction for the full financial year on its own.
The JSW Steel Q2 Results FY27 give a higher starting base, with net profit of Rs 5,359 Cr and revenue of Rs 54,486 Cr for the July to September period. Investors can compare later quarters with these figures on the Univest app, while keeping the risk factors below in view.
Key Risks to Watch After JSW Steel Q2 Results FY27
Debt Level
Debt is high at 0.96 times total assets in FY26. Even after the JSW Steel Q2 Results FY27 showed higher profits, a balance sheet carrying this level of borrowing keeps interest costs and refinancing terms as a factor that investors need to follow each quarter.
Volatile Quarterly Profit
Quarterly net profit has been volatile, ranging from Rs 1,646 Cr to Rs 16,370 Cr over the last 5 quarters. That range means one strong quarter of YoY growth does not by itself show that profits will stay at the current Rs 5,359 Cr level.
Slow Long-Term Per-Share Growth
Annual per-share earnings grew only 1.5% a year from FY22 to FY26. This slow multi-year record contrasts with the sharp jump in this quarter, so investors may want to see whether the improvement carries through into full-year figures.
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Conclusion
The JSW Steel Q2 Results FY27 show consolidated results with revenue of Rs 54,486 Cr, Operating Profit of Rs 10,120 Cr and net profit of Rs 5,359 Cr, all higher than a year ago. Debt and uneven profits remain the key watch points. Readers can track the JSW Steel Q2 Results and later quarterly results on the Univest Screener, and should consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on JSW Steel Q2 Results FY27
What are JSW Steel Q2 Results FY27?
Ans. JSW Steel Q2 Results FY27 show revenue of Rs 54,486 Cr and net profit of Rs 5,359 Cr for July to September 2026. Alongside this, both figures rose year on year, as the Quick Answer summarises.
What is the results date for JSW Steel Q2 Results FY27?
Ans. JSW Steel declared its Q2 FY27 quarterly results on 23 October 2026. That results date covers the July to September 2026 quarter, as stated in the opening paragraph of this results analysis.
What revenue was reported in JSW Steel Q2 Results FY27?
Ans. JSW Steel reported Q2 FY27 revenue of Rs 54,486 Cr compared with Rs 45,152 Cr a year earlier. This works out to YoY growth of 20.67%, as shown in the Financial Highlights table above.
What net profit was reported in JSW Steel Q2 Results FY27?
Ans. JSW Steel Q2 Results FY27 show net profit of Rs 5,359 Cr against Rs 1,646 Cr in the same quarter last year. This 225.58% rise is covered in the Key Takeaways section.
How much YoY growth did revenue show in JSW Steel Q2 Results FY27?
Ans. JSW Steel revenue showed YoY growth of 20.67% in Q2 FY27, rising to Rs 54,486 Cr. Compared with this, Operating Profit grew faster at 42.23%, as the Performance Analysis section explains.
Did net profit rise or fall in JSW Steel Q2 Results?
Ans. JSW Steel Q2 Results show net profit rose 225.58% YoY to Rs 5,359 Cr from Rs 1,646 Cr. Alongside this, net profit margin moved to 9.8% from 3.6%, as noted under Key Business Factors.
What was the Operating Profit in JSW Steel Q2 Results FY27?
Ans. JSW Steel reported Operating Profit of Rs 10,120 Cr in Q2 FY27 compared with Rs 7,115 Cr a year earlier. That is a 42.23% YoY rise, as covered in the Performance Analysis section.
Are JSW Steel Q2 Results consolidated results or standalone results?
Ans. JSW Steel Q2 Results FY27 are reported as Consolidated figures. So the revenue of Rs 54,486 Cr and net profit of Rs 5,359 Cr discussed throughout this results analysis are consolidated results.
What business factors shaped JSW Steel Q2 Results FY27?
Ans. JSW Steel Q2 FY27 was shaped by 20.7% revenue growth, a 225.6% rise in net profit and a margin of 9.8%. Alongside these, FY26 return on equity was 28.54%, as listed under Key Business Factors.
What are the key risks after JSW Steel Q2 Results FY27?
Ans. The key risks after JSW Steel Q2 Results FY27 are debt at 0.96 times total assets and volatile quarterly profits. Alongside these, slow long-term per-share growth is explained in the Key Risks section.
What is the outlook after JSW Steel Q2 Results?
Ans. The FY27 picture for JSW Steel will depend on what the December and March quarters report. This means the Q2 net profit of Rs 5,359 Cr acts as a reference base, as the Outlook section notes.
Where can I find the complete JSW Steel Q2 Results FY27 data?
Ans. The complete JSW Steel Q2 FY27 figures, including revenue, Operating Profit and net profit, are in the Financial Highlights table above. Investors can also track later quarterly results using the Univest Screener and Univest app.
