The iron and steel pipes manufacturer posted a 75% year-on-year fall in consolidated net profit to ₹104 crore for Q1FY27, compared with ₹424 crore a year earlier.
Revenue from operations, however, rose 9% to ₹4,452 crore from ₹4,085 crore in the corresponding quarter last year, indicating steady demand despite a challenging operating environment.
Operating performance remained under pressure. EBITDA declined 41% year-on-year to ₹396 crore, while EBITDA margin narrowed sharply to 8.9% from 16.4% a year ago, reflecting higher costs and weaker operating leverage.
Investors reacted negatively to the earnings announcement. Shares of Jindal Saw Ltd slipped to an intraday low of ₹273.10 before trading around ₹257.70, down about 4% on the NSE in afternoon trade.
The latest results follow an already subdued March quarter. In Q4 FY26, the company had reported a 52% year-on-year decline in net profit to ₹139.4 crore, while revenue fell 8% to ₹4,633.5 crore. EBITDA had dropped nearly 35% to ₹480.9 crore, with operating margin contracting to 10.4% from 14.6% a year earlier.
The back-to-back decline in earnings highlights the sustained pressure on profitability, even as revenue has shown resilience.
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Jindal Saw Ltd is among India’s leading manufacturers and suppliers of submerged arc welded (SAW) pipes, ductile iron pipes and seamless tubes, catering to sectors such as oil and gas, water transportation, infrastructure and industrial applications across domestic and international markets.
