JSW Steel Reports 2QFY27 Revenue of INR545 Billion
Motilal Oswal says revenue was INR545 billion, up 31% year over year and 15% quarter over quarter, comparing with adjusted ex-BPSL pro forma 2QFY26 figures. The report notes year-over-year financials are not comparable following BPSL’s de-consolidation at March end.
Motilal Oswal's research report on JSW SteelSince BPSL has been de-consolidated w.e.f. Mar’26 end, the YoY financials are not comparable. Comparing with adjusted ex-BPSL pro forma for 2QFY26, the 2QFY27 revenue stood at INR545b (vs. our est.
INR486b), up 31% YoY and 15% QoQ, driven by strong volume…