Jindal Worldwide Q2 FY27 Results (NSE: JINDWORLD)
Signal: Steady quarter
The read
The key inflection is a YoY operating-margin recovery to about 5.8% after the prior quarter's 5.0% level, helping consolidated PAT rise 56.0% to ₹1,857.35 lakh; nevertheless, revenue grew only 3.7% and PAT fell 42.7% sequentially, so the recovery is not yet a durable acceleration.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹594.88 Cr | +3.7% | +0.9% |
| Net profit | ₹18.57 Cr | +56.0% | |
| EPS | ₹0.19 | +58.3% | |
| EBIT margin | 5.8% |
P&L walk
Consolidated revenue increased 3.7% YoY to ₹59,488.43 lakh and operating margin improved to about 5.8%, supporting PAT growth of 56.0% to ₹1,857.35 lakh; however, PAT declined 42.7% sequentially from ₹3,240.54 lakh.
Segments
The consolidated group outperformed the parent: consolidated PAT was ₹1,857.35 lakh versus standalone PAT of ₹1,696.49 lakh, a ₹160.86 lakh uplift, implying subsidiaries or associates contributed positively despite the absence of a readable segment-results split.
Key positives
- Consolidated revenue increased 3.7% YoY to ₹59,488.43 lakh, while operating margin improved to about 5.8% from approximately 5.0% in the year-ago quarter.
- Consolidated PAT rose 56.0% YoY to ₹1,857.35 lakh and was not materially dependent on other income, which was only ₹49.81 lakh.
- EPS rose 58.3% YoY to ₹0.19, tracking PAT without evidence of dilution.
- H1FY27 operating cash flow was ₹8,794.25 lakh, providing support to reported earnings conversion.
Key concerns
- Revenue growth of 3.7% YoY remains modest and does not yet confirm a volume-led textile recovery.
- Consolidated PAT declined 42.7% sequentially from ₹3,240.54 lakh to ₹1,857.35 lakh, showing high quarter-to-quarter earnings volatility.
- Finance cost increased 27.5% YoY to ₹1,024.70 lakh, faster than revenue growth and limiting bottom-line conversion.
- Standalone PAT grew only 14.7% YoY to ₹1,696.49 lakh versus 56.0% consolidated growth, increasing reliance on subsidiaries or associates for group earnings momentum.
Research and educational content only. Not investment advice.