Jindal Saw Limited reported a 75% year-on-year decline in consolidated net profit to Rs 104.2 crore for Q1 FY26-27. Net profit stood at Rs 424 crore in the corresponding quarter of the previous fiscal year. EBITDA fell 40.8% to Rs 397 crore.
Revenue from operations grew 9% to Rs 4,452 crore from Rs 4,085 crore last year. The EBITDA margin shrank to 8.91% from 16.41% year-on-year. Higher input costs likely drove this sharp decline in operational efficiency.
Shares of Jindal Saw Ltd. dropped 3.20% to close at Rs 260. The stock underperformed the NSE Nifty 50 index during the session.