| 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
- ₹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.
More from Jindal Saw Ltd
All →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
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.
Jindal Saw Earnings Call Transcript: Key Takeaways
Jindal Saw Q1 FY27 results show significant YoY declines in EBITDA and PAT due to MENA geopolitical issues and API license suspension, despite a 13% Standalone revenue increase.
Jindal Saw Q1 FY27 Results: Net Profit ₹90.8 Cr, Down 78.1% YoY
Jindal Saw Ltd reported revenue from operations of ₹4,452 Cr (+9.0% YoY) and net profit of ₹90.8 Cr (-78.1% YoY) for Q1 FY27.
- Key figure
- Net profit ₹90.8 Cr · -78.1% YoY
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.
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.