Jindal Saw Q3 FY26: Profit nearly halves YoY but order book at all-time high
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 17.0 pts more than Nifty Smallcap 250 and 16.8 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Saw's Q3 FY26 standalone Total Income was Rs 41,570 mn (vs Rs 45,209 mn YoY). PAT fell 52% YoY to Rs 2,268 mn and EBITDA margin compressed to 12.7% from 19.5%. For 9M FY26, Total Income declined 21% to Rs 1,08,928 mn and PAT dropped 52% to Rs 6,700 mn. Order book touched an all-time high of USD 1,481 mn (1.96 million MT). Total debt reduced to Rs 31,538 mn.
Weak YoY earnings reflect revenue decline and margin pressure; however, record order book provides strong revenue visibility for coming quarters.