Jindal Stain. Q1 FY27 Results (NSE: JSL)
Signal: Steady quarter
The read
Consolidated revenue grew 10.5% YoY to ₹11,279 Cr with EBITDA margin stable at ~13.1%; PAT grew 7.7% to ₹769 Cr, driven by robust subsidiary performance as standalone PAT declined 5.6% YoY, highlighting the value of consolidation.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹11,278.54 Cr | 10.5% | -0.5% |
| EBIT | ₹1,179.78 Cr | 6.0% | |
| Net profit | ₹769.36 Cr | 7.7% | |
| EPS | ₹9.34 | 7.7% | |
| EBIT margin | 13.1% |
P&L walk
Revenue growth of 10.5% YoY with stable EBITDA margin; subsidiary profits offset standalone weakness.
Key positives
- Revenue growth of 10.5% YoY, maintaining double-digit trajectory.
- EBITDA margin remained above 13% for the third consecutive quarter.
- Strong subsidiary contribution lifted consolidated PAT 7.7% YoY despite standalone weakness.
Key concerns
- Sequential revenue decline of 0.5% and PAT decline of 7.8% QoQ, though seasonal.
- Standalone PAT declined 5.6% YoY, indicating parent company margin pressure.
- Raw material and power costs rose faster than revenue, squeezing gross margins.
Research and educational content only. Not investment advice.