ALFA Finder| 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
- ₹261.45
- Market cap
- ₹16,720 Cr
- Revenue (annual)
- ₹17,895 Cr
- Net profit (annual)
- ₹973.4 Cr
- P/E (TTM)
- 30.5×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.