Jindal Saw Q1 FY27 call: weak results, MENA projects on track

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedMgmt Evaded Key QuestionInvestor Communications View source PDF

JINDALSAW · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.6%1-day move

₹262.00

prior close

₹265.20

base price

In-mkt

timing

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AI summary

Q1 FY27: Standalone PAT fell about 70% YoY to INR110 crores, EBITDA down about 40% to INR341 crores despite revenue rising 13% to INR3,756 crores. Weakness from MENA geopolitics blocking exports, Jal Jeevan Mission delays, and API license suspension (now reinstated). Order book at 1.78 million tons. Abu Dhabi seamless plant (USD300M, FY29 ops) and Saudi SAW JV on track. Management guides H1 soft with H2 improvement. Term debt may rise to about INR3,500 crores.

Likely market impact

Weak Q1 print with margin pressure; H2 recovery and MENA project execution are key for stock. Term debt may rise significantly as projects near completion.