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Earnings Call

Jindal Saw Earnings Call: Key Takeaways

Jindal Saw's Q4 FY26 earnings transcript reveals a significant performance drop due to MENA region conflict and API certification issues. EBITDA and PAT fell sharply quarter-on-quarter.

Why this was an Alfa AlertNot a filter event. The company significantly missed its own performance expectations for Q4 due to geopolitical disruptions.
Highlights
Revenue growthStandalone income down 19% YoY for full year FY26.
MarginsLower Q4 margins due to missing high-margin export shipments and underutilization.
Order bookAbu Dhabi subsidiary holds $180M (171k MT) order book; robust exports pending.
Demand visibilitySluggish domestic water infrastructure; urgency in MENA energy infrastructure projects.
Management confidenceCautious; highlighting unprecedented times and unpredictable future.

Growth

Standalone Q4 total income fell 7% QoQ; EBITDA stood at ₹413cr vs ₹527cr in Q3; PAT dropped 50% to ₹114cr.

Outlook

Planned capex of ₹500-₹700cr for FY27. Setting up new plants in Abu Dhabi and Saudi Arabia to bypass maritime choke points.

Risks

MENA conflict suspended export shipments (30% of order book); API monogram suspension on seamless pipes; rupee depreciation; DI pipe overcapacity.

Source

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

Read the document ↗

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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13:21 IST NSE
Debt & Borrowing

Jindal Saw Debt & Borrowing: ₹21.42 Cr

Jindal Saw has successfully paid ₹21.42 Crore as interest on its privately placed debentures, as confirmed in this Regulation 57(1) disclosure.

Value
₹21.42 Cr
14:47 IST NSE
Credit Rating

Jindal Saw Credit Rating

CARE Ratings reaffirmed Jindal Saw's CP and NCD ratings (A1+ and AA Stable) with no change. The Rs.400 Cr and Rs.500 Cr instruments were reviewed and maintained.