JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Saw Ltd has published its FY 2025-26 Annual Report with a significant decline in financial performance. Standalone revenue fell to ₹14,620 crore from ₹17,936 crore in FY25, while profit after tax dropped to ₹784 crore from ₹1,874 crore—a roughly 58% decline. EPS declined from ₹29.44 to ₹12.30. The company cited multiple headwinds: border tensions, Jal Jeevan Mission liquidity issues affecting water infrastructure projects, Middle East geopolitical disruptions impacting shipping, and rising raw material costs (iron ore, coke, petroleum products). Pipe production fell to 14.90 lakh MT from 17.04 lakh MT. The board recommended a dividend of ₹2 per share (200%). The company is expanding in the GCC region with new manufacturing facilities in UAE and Saudi Arabia to capture energy infrastructure demand.
The sharp decline in profits and revenue reflects tough operating conditions, though the company maintains its dividend and continues international expansion. The stock may face pressure due to the significant earnings contraction, but strategic investments in GCC manufacturing could support future growth if regional stability improves.