| Revenue growth | 13% YoY Standalone; 9% YoY Consolidated. |
|---|---|
| Margins | Compressed due to low utilization and fixed cost absorption. |
| Order book | INR 1.78 million tons; includes 6 lakh ton Saudi order. |
| Demand visibility | Muted short-term; strong order book of 1.78 million tons. |
| Management confidence | Hopeful for H2 recovery; expansion projects on track. |
Growth
Standalone Q1 revenue grew 13% to INR 3,756 Cr; EBITDA fell 40%; PAT fell 70%.
Outlook
Recovery expected in H2 FY27; major expansion projects in Abu Dhabi and Saudi Arabia targeting FY29 operations.
Risks
Geopolitical conflict in MENA region; domestic water segment weakness; API license suspension (now reinstated); higher logistics costs.
Last quarter's promises, checked
Delivered
- Net debt reduction → Standalone net debt reduced to INR 2,453 Cr (= BEAT)
Partly delivered
- Capex INR 500-700 Cr → INR 700-800 Cr spent in FY26 (= PARTIAL)
Missed
- Q4 expected better than Q3 → Q4 performance dropped across metrics (= MISS)
- API seamless pipe sales → Temporary impact due to monogram suspension (= MISS)
- MENA export shipments → All shipments suspended since March 2026 (= MISS)
Earnings Call Transcript 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: Key Takeaways
Jindal Saw faces a challenging Q1 FY27 with a significant net profit decline of 70% Standalone and 78% Consolidated. Geopolitical disruptions in the MENA region have halted crucial Saudi shipments and blocked the Strait of Hormuz.
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.