Jindal Saw Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Saw reported standalone revenue of Rs 1,462 Crores for FY2026, down about 18.5% from Rs 1,794 Crores in FY2025. Standalone net profit after tax fell to Rs 784 Crores from Rs 1,874 Crores, a steep decline of approximately 58%. Operating margin compressed significantly from 15.6% to 8.4%. On a consolidated basis, revenue declined to Rs 1,790 Crores from Rs 2,083 Crores, with consolidated PAT (owners) at Rs 973 Crores versus Rs 1,738 Crores. The auditors issued an Emphasis of Matter noting a subsidiary Jindal ITF has appealed a Rs 1,891 Crores arbitral award case at Delhi High Court, though management believes the case is strong. The company maintained a debt-equity ratio of 0.22 and recommended dividend of Rs 2 per share.
The sharp revenue decline and profit contraction signal challenging market conditions. While the balance sheet remains healthy with low leverage, the compression in operating margins and significant profit drop could weigh on the stock. The JITF legal matter represents a contingent gain if favorable, but carries uncertainty.