Jindal Saw Q1 Results: Profit Falls, Revenue Down 17%,

Jindal Saw Ltd. reported a 17% decrease in revenue along with a 4% decline in net profit in the first quarter of fiscal 2026.

The pipe manufacturer reported a consolidated bottom line of Rs 424 crore, according to an exchange filing on Tuesday.

Jindal Saw Q1 Highlights (Consolidated, YoY)

• Revenue down 17.3% to Rs 4,084.68 crore versus Rs 4,939.1 crore

• Net profit down 4% to Rs 424 crore versus Rs 441.1 crore

• Ebitda down 20% to Rs 670.11 crore versus Rs 839.56 crore

• Margin at 16.4% versus 17%

Shares of Jindal Saw closed 0.43% higher at Rs 210.52 apiece on the National Stock Exchange before the announcement, compared to a 0.3% decline in the benchmark Nifty. The share price has fallen 27.44% in the last 12 months and 32.24% on a year-to-date basis.

All the three analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 61.6%.

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