Performance Highlights – Q2 & H1FY27

Q2FY27 Financial Performance (₹ lakhs)

  • Revenue from Operations: 21,622 (vs. 15,880 in Q2FY26, +36% YoY)
  • EBITDA (excluding other income): 1,694 (vs. 764 in Q2FY26, +122% YoY)
  • EBITDA Margin: 7.8% (vs. 4.8% in Q2FY26)
  • EBIT: 1,614 (vs. 781 in Q2FY26, +107% YoY)
  • EBIT Margin: 7.5% (vs. 4.9% in Q2FY26)
  • Profit Before Tax: 1,437 (vs. 600 in Q2FY26, +139% YoY)
  • PBT Margin: 6.6% (vs. 3.8% in Q2FY26)
  • Profit After Tax: 991 (vs. 428 in Q2FY26, +132% YoY)
  • PAT Margin: 4.6% (vs. 2.7% in Q2FY26)

H1FY27 Financial Performance (₹ lakhs)

  • Revenue from Operations: 40,716 (vs. 33,017 in H1FY26, +23% YoY)
  • EBITDA (excluding other income): 3,070 (vs. 1,870 in H1FY26, +64% YoY)
  • EBITDA Margin: 7.5% (vs. 5.7% in H1FY26)
  • EBIT: 2,914 (vs. 1,818 in H1FY26, +60% YoY)
  • EBIT Margin: 7.2% (vs. 5.5% in H1FY26)
  • Profit Before Tax: 2,540 (vs. 1,420 in H1FY26, +79% YoY)
  • PBT Margin: 6.2% (vs. 4.3% in H1FY26)
  • Profit After Tax: 1,819 (vs. 1,058 in H1FY26, +72% YoY)
  • PAT Margin: 4.5% (vs. 3.2% in H1FY26)

Balance Sheet Position (H1FY27, ₹ lakhs)

  • Total Assets: 34,436 (vs. 24,841 in FY26)
  • Total Non-current Assets: 10,739 (vs. 9,947 in FY26)
  • Property, Plant & Equipment: 8,713
  • Right of use Assets: 226
  • Capital Work-in-progress: 1,720
  • Total Current Assets: 23,697 (vs. 14,894 in FY26)
  • Inventories: 11,497
  • Trade Receivables: 4,253
  • Cash & Cash Equivalents: 3,847
  • Total Equity: 21,485 (vs. 9,682 in FY26)
  • Equity Share Capital: 5,102
  • Other Equity: 16,383
  • Non-Current Liabilities: 2,790
  • Current Liabilities: 10,161
  • Current Borrowings: 7,661

Cash Flow Statement (H1FY27, ₹ lakhs)

  • Profit Before Tax: 2,540
  • Net Cash from Operating Activities: (637)
  • Net Cash from Investing Activities: (975)
  • Net Cash from Financing Activities: 5,457
  • Net Change in cash and cash equivalents: 3,846
  • Opening Cash Balance: 1
  • Closing Cash Balance: 3,847

Company Overview

Jindal Supreme (India) Limited is an integrated manufacturer of steel pipes, tubes and allied infrastructure products including MS black pipes & tubes, MS galvanized pipes & tubes, metal beam crash barriers and GI tubular poles.

Key Company Facts

  • Year of Incorporation: 1974
  • Total Installed Capacity: 1,71,000 MTPA
  • Employees: 200+ as of H1FY27
  • Dealers across Northern India: 53
  • Serves 8+ end-use industries
  • Manufacturing facility with end-to-end in-house capabilities
  • Products manufactured according to Indian standards

Product Portfolio and Revenue Share

  • MS Black Pipes/Tubes: NB range 15-250 mm, thickness 1.4-10 mm
  • MS Galvanized Pipes/Tubes: NB range 15-250 mm, thickness 1.4-10 mm, zinc coating 40-100 microns
  • Metal Beam Crash Barriers
  • GI Tubular Poles: NB range 15-250 mm, thickness 1.4-10.0 mm (newest line from April FY25)

Capacity Utilization

| Product Line | H1FY27 Installed Capacity | H1FY27 Capacity Utilization |

| MS Black Pipes/Tubes | 45,000 MTPA | 70.68% |

| MS Galvanized Pipes/Tubes | 22,500 MTPA | 65.13% |

| Metal Beam Crash Barriers | 12,000 MTPA | 56.78% |

| GI Tubular Poles | 6,000 MTPA | 44.87% |

| Total | 85,500 MTPA | 65.46% |

Historical Financial Performance

Three-Year Financial Summary (₹ lakhs)

| Particulars | FY24 | FY25 | FY26 | CAGR |

| Revenue From Operations | 64,544 | 58,640 | 67,539 | 2.3% |

| EBITDA (excl. other income) | 2,111 | 2,592 | 4,163 | 40.4% |

| EBITDA Margin % | 3.3% | 4.4% | 6.2% | |

| Profit After Tax | 1,287 | 2,427 | 2,253 | 32.3% |

| PAT Margin % | 2.0% | 4.0% | 3.3% | |

Note: PAT for FY25 includes Other income of ₹1,660 Lakhs

Corporate Governance

  • Experienced and professionally qualified management team
  • Strong corporate governance and internal control framework
  • Transparent financial reporting with no auditor qualifications
  • Tax and regulatory compliant organisation

Future Plans

  • Plans to expand tube mill capacity over the medium term
  • Plans to double crash barrier output to meet highway and industrial corridor demand