Jindal Saw Limited reported a 75% year-on-year decline in profitability for the quarter ended June 2026 (Q1 FY27). The company’s consolidated net profit dropped to Rs 104 crore from Rs 424 crore in the same period last financial year. Revenue from operations increased by 9% year-on-year to Rs 4,452 crore compared to Rs 4,085 crore in the previous year.
Operating performance faced challenges as earnings before interest, tax, depreciation, and amortization (EBITDA) decreased by 41% year-on-year to Rs 396 crore from Rs 671 crore. The EBITDA margin contracted sharply to 8.9% from 16.4% in the corresponding quarter of the previous fiscal year.
Continuing the trend of declining profitability, Jindal Saw had witnessed a 52% year-on-year decline in consolidated net profit to Rs 139.4 crore in the fourth quarter of FY26. Revenue from operations also fell by 8% to Rs 4,633.5 crore during the same period. EBITDA had declined by nearly 35% to Rs 480.9 crore, with the operating margin narrowing to 10.4% from 14.6% a year earlier.
Investor sentiment was subdued post the June quarter results, leading to a 4% drop in Jindal Saw’s shares during afternoon trade on the National Stock Exchange (NSE). The stock hit an intra-day low of Rs 273.10 before stabilizing around Rs 257.70 and eventually closing 3.2% lower.
Jindal Saw is a prominent manufacturer of submerged arc welded (SAW) pipes, ductile iron pipes, and seamless tubes in India. The company caters to various sectors such as oil and gas, water transportation, infrastructure, and industrial applications in both domestic and international markets.
