ALFA Finder| Revenue growth | Standalone revenue up 13%; Consolidated revenue up 9% YoY. |
|---|---|
| Margins | EBITDA margins under pressure from lower capacity utilization and logistics. |
| Order book | Robust at 1.78 million MT; MENA shipments currently on hold. |
| Demand visibility | Low in MENA; domestic water segment hit by fund delays. |
| Management confidence | Cautious; acknowledging limited visibility due to MENA geopolitical tensions. |
Growth
Revenue grew modestly by 13% standalone, but EBITDA crashed 40% due to regional shipping blocks and license suspensions.
Outlook
Management expects flat volumes for FY27. Abu Dhabi and Saudi plants targeted for FY28-29 operations.
Risks
Geopolitical stalemate in MENA region, Strait of Hormuz blockage, and delayed central fund releases for Jal Jeevan Mission.
Last quarter's promises, checked
Delivered
- Net debt reduction → Standalone ₹2,453Cr vs ₹3,154Cr YoY (= BEAT)
- API NC closure → All NCs addressed and closed by May 2026 (= BEAT)
Partly delivered
- Capex execution → Guided ₹700-800Cr → Delivered approx. ₹800Cr (= PARTIAL)
Missed
- Q4 performance vs Q3 → Expected 'better' → Standalone PAT ₹114Cr vs ₹227Cr (= MISS)
- Export shipments → Expected execution → All suspended from March 2026 (= MISS)
- FY26 Revenue → Expected growth → Standalone down 19% YoY (= MISS)
Earnings Call filed with BSE, NSE: JINDALSAW. Summary written with AI assistance from the document.
Jindal Saw Ltd: key numbers
- Share price
- ₹248.35
- Market cap
- ₹15,882 Cr
- Revenue (annual)
- ₹17,895 Cr
- Net profit (annual)
- ₹973.4 Cr
- P/E (TTM)
- 28.9×Sector 17.1×
- Promoter holding
- 63.24%-0.01% QoQ
- FII holding
- 11.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Jindal Saw Ltd
All →Jindal Saw Earnings Call Transcript: Key Takeaways
Revenue growth is masked by severe EBITDA compression due to geopolitical delays in the MENA region and rising raw material costs.
Jindal Saw Debt & Borrowing
Jindal Saw Ltd. submitted its Security Cover Certificate for the quarter ended September 30, 2026, as per Regulation 54(3) of SEBI listing regulations.
Jindal Saw Other Announcement
Jindal Saw Ltd. filed its quarterly statement confirming the utilization of NCD proceeds as per SEBI regulations. No deviations were reported for the period.
Jindal Saw Investor Presentation: Key Takeaways
Jindal Saw reports Q2 FY27 consolidated revenue of ₹45,231 Million with PAT at ₹353 Million. Performance was severely impacted by MENA regional instability and domestic water pipe headwinds.
Jindal Saw Q2 FY27 Results: Net Profit ₹35.3 Cr, Down 74.5% YoY
Jindal Saw Ltd reported revenue from operations of ₹4,472 Cr (+5.6% YoY) and net profit of ₹35.3 Cr (-74.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹35.3 Cr · -74.5% YoY
Jindal Saw Board Meeting Date
Jindal Saw Ltd has scheduled a board meeting for October 16, 2026. The board will consider and approve unaudited financial results for the quarter ended September 30, 2026.