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Earnings Call

Jindal Saw Earnings Call: Key Takeaways

Q4FY26 performance dropped significantly due to geopolitical conflict in the MENA region and sluggish domestic water infrastructure projects, leading to suspended exports and lower profitability.

Highlights
Revenue growthRevenue declined 19% YoY due to weak exports and domestic sluggishness.
MarginsMargins contracted significantly; Q4 PAT down 50% QoQ.
Order bookUAE order book at $180M; exports to MENA currently suspended.
Demand visibilitySluggish domestically; MENA demand visibility is high but execution is stalled.
Management confidenceCautious and defensive, highlighting unpredictable geopolitical and regulatory risks.

Growth

FY26 revenue declined 19% and PAT fell 58% on a standalone basis, reflecting poor growth quality.

Outlook

Order book stands at $180M for UAE subsidiary; domestic execution depends on post-monsoon Jal Jeevan Mission momentum.

Risks

Force Majeure in MENA, API certification suspension, and volatile fuel/freight costs threaten near-term margins.

Source

Earnings Call filed with NSE, NSE: JINDALSAW. Summary written with AI assistance from the document.

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Jindal Saw Ltd: key numbers

Share price
₹285.50
Market cap
₹18,258 Cr
Revenue (annual)
₹17,895 Cr
Net profit (annual)
₹973.4 Cr
P/E (TTM)
27.9×Sector 19.0×
Promoter holding
63.25%+0.00% QoQ
FII holding
13.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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