Q2 FY26 revenue and margins fall sharply despite record order book

Revenue DeclineEbitda Margin CompressionExceptional ItemResults View source PDF Explain this filing

JINDALSAW · price

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Price reactionminutes from the announcement price · days from the prior close

-5.6%Reaction day

₹201.30

prior close

₹191.62

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-5.4% vs market

Iron & Steel Products peers, median of 94sector-0.9%-4.8% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Smallcap 250 and 4.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

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15m

-0.9

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.6-0.2-5.4-0.9-4.8

Next day

-7.0+0.3-7.3-0.4-6.6

-5.0+1.0-6.0+0.7-5.7

-7.2+0.7-8.0+0.0-7.2

-10.6+0.6-11.2+0.1-10.7

-11.1+1.2-12.3+0.3-11.4

-11.5+1.8-13.3+0.5-12.0

15d

-14.1-0.7-13.3-1.4-12.7

-16.1+0.5-16.6-2.1-14.0

-19.9-5.3-14.6-6.0-13.9

-11.3-6.4-4.9-10.1-1.2

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY26 standalone income fell to Rs 34.09 billion from Rs 47.90 billion; EBITDA margin dropped to 9.8 percent from 18.3 percent and PAT fell to Rs 793 million from Rs 4.77 billion. Consolidated PAT was Rs 1.39 billion. Results included a Rs 1.47 billion Jindal ITF write-off and a Rs 1.34 billion earlier-year tax refund.

Likely market impact

Lower revenue and margins hurt near-term earnings, but the record order book supports future visibility. Liquidity and debt remain key risks.