Cost of Goods Sold increased 16.7% (from ₹760.27 crore)
EBITDA increased 9.6% (from ₹406.85 crore)
Profit Before Tax increased 16.0% (from ₹264.58 crore)
Profit After Tax increased 18.5% (from ₹193.97 crore)
Yearly Comparison (YoY) - Q2FY27 vs Q2FY26
Net Sales increased 23.2% (from ₹1,780.76 crore)
EBITDA increased 35.0% (from ₹330.81 crore)
Finance Cost decreased 45.2% (from ₹112.49 crore)
Profit Before Tax increased 115.4% (from ₹142.50 crore)
Profit After Tax increased 118.6% (from ₹105.17 crore)
Half Yearly Performance - H1FY27 (Reviewed)
Net Sales: ₹4,301.16 crore
Cost of Goods Sold: ₹1,646.69 crore
EBITDA: ₹853.44 crore (19.8% of Net Sales)
Finance Cost: ₹127.29 crore
Depreciation: ₹154.36 crore
Profit Before Tax (PBT): ₹571.79 crore
Profit After Tax (PAT): ₹423.80 crore
Total Comprehensive Income (TCI): ₹424.81 crore
Cash Profit: ₹726.69 crore
Yearly Comparison (YoY) - H1FY27 vs H1FY26
Net Sales increased 25.4% (from ₹3,428.35 crore)
EBITDA increased 31.3% (from ₹650.09 crore)
Finance Cost decreased 45.1% (from ₹231.98 crore)
Profit Before Tax increased 113.5% (from ₹267.88 crore)
Profit After Tax increased 113.8% (from ₹198.15 crore)
Balance Sheet Position as of 30.09.2026 (Reviewed)
Net Block of Fixed Asset: ₹3,234.66 crore (including Capital Work-in-Progress, Investment Property, Intangible Assets)
Secured Debt Outstanding: ₹1,517.72 crore (excluding Secured NCDs installment payable within one year of ₹300 crore and fund-based working capital outstanding of ₹442 crore)
Current Assets: ₹2,379.20 crore
Current Liabilities: ₹823.95 crore (excluding items classified under secured debt)
Net Working Capital Margin: ₹813.97 crore
Net Worth: ₹3,315.72 crore
Tangible Net Worth: ₹3,253.73 crore
Cash and Bank Balances: ₹242.78 crore
Key Financial Ratios - H1FY27
EBITDA to Net Sales: 19.85%
TCI to Net Sales: 9.88%
Fixed Asset Coverage: 2.14
Current Ratio: 1.52
Total Outside Liabilities to Tangible Net Worth: 0.78
Total Debt/Equity: 0.52
Production Overview - Q2FY27
Rolled Product: 1,89,789 tonnes
Billets: 2,00,113 tonnes
Hot Metal: 2,25,363 tonnes
Sponge Iron (DRI): 87,047 tonnes
Pellets: 3,78,172 tonnes
Iron & Steel Castings: 12,693 tonnes
Sales Overview - Q2FY27
Rolled Product: 1,91,888 tonnes
Pig Iron: 34,658 tonnes
Sponge Iron (DRI): 60,762 tonnes
Pellets: 2,43,450 tonnes
Iron & Steel Castings: 12,997 tonnes
Operational Highlights
Blast Furnace production capacity enhanced from 0.75 MnTPA to 1.00 MnTPA in FY26
DRI units (350+500 TPD) production capacity enhanced from 0.27 MnTPA to 0.35 MnTPA in FY26
Chhotedongar Iron Ore Mine production capacity enhanced from 2.95 MnTPA to 6.00 MnTPA in FY26
Blast Furnace and associated facilities underwent planned shutdown from 10th May 2024 for Category One Capital Repairs & Upgradation, with operations recommenced on 1st August 2024 and stabilization achieved within three weeks
Achieved highest-ever quarterly EBITDA of ₹446.59 crore and highest-ever quarterly sales of ₹2,194.46 crore in Q2FY27
New Project Initiatives
Setting up of 1.50 MnTPA Straight-Grate Pellet Plant along with 2.0 MnTPA Iron Ore Wet Grinding System at Integrated Steel Plant, Siltara, Raipur
Total budgeted project cost: ₹720 crore
Financial closure achieved, project construction commenced
Procurement of 104 MWAC renewable power under Group Captive Model through investment in SPV(s) promoted by third parties
