Jindal Saw Q4 Results: Revenue, Profit Falls

Jindal Saw Ltd. saw its earnings plummet in the fourth quarter of financial year 2024-25.

Consolidated revenue from operations slipped 7% to Rs 5,046.6 crore in the January-March period, compared to Rs 5,425.2 crore last fiscal, according to a stock exchange filing on Friday.

Net profit fell 42% to Rs 291.28 crore from Rs 502.18 crore in the year-ago period.

On an operational basis, the company's earnings before interest, taxes, depreciation and amortisation declined 20% to Rs 736.2 crore, down from Rs 920.3 crore, resulting in a margin contraction to 14.6% compared to 17% previously.

The board recommended a payment of a dividend of Rs 2 per equity share for the fiscal ended March 31, 2025, aggregating to Rs 127.9 crore.

Shares of Jindal Saw closed 1.17% lower at Rs 245.2 apiece, after the results, compared to a 0.32% gain in the benchmark BSE Sensex. The stock has fallen 12% over the last 12 months, and 13.5% so far this year.

All three analysts tracking Jindal Saw have a 'buy' rating on the stock, according to Bloomberg. The average 12-month price target of Rs 413 implies an upside return potential of 68%.