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Jindal Saw Net Profit Falls 69% YoY to ₹47.04 Cr, Shares Drop 18% | AirNews.in

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Jindal SawProfit DeclineStock DeclineSteel SectorFinancial Results

Jindal Saw Net Profit Falls 69% YoY to ₹47.04 Cr, Shares Drop 18%

about 1 hour ago

Published: October 22, 2026

Jindal Saw Net Profit Falls 69% YoY to ₹47.04 Cr, Shares Drop 18%

Jindal Saw’s Q2 net profit plunged 69.03% YoY to ₹47.04 crore, while shares fell 18% over three sessions. The stock is trading at ₹250.3, 7.4% lower than yesterday, amid a shrinking EBITDA margin of 5.8%.

Shares of Jindal Saw Ltd. slid 18% over three trading sessions, closing at ₹250.3 after a 69.03% YoY drop in net profit to ₹47.04 crore from ₹151.89 crore last year.

Revenue rose 5.63% YoY to ₹4,471.79 crore, yet total expenses climbed 10.13% to ₹4,505.22 crore, squeezing operating leverage. EBITDA fell 42% YoY to ₹261 crore, and the margin contracted to 5.8% from 10.7% a year earlier.

Sequentially, Q2 net profit fell 54.84% to ₹104.17 crore from the June quarter, and EPS slid to ₹0.74 from ₹2.38. Consolidated after‑tax profit, including non‑controlling interests, fell 74.54% YoY to ₹35.28 crore. Brickwork Ratings reaffirmed a ‘BWR AA/Stable’ rating on the ₹500 crore NCD, citing low credit risk.

The stock sits 21.5% below its 52‑week high of ₹320 and 64.3% above its low of ₹153. Analysts warn of continued margin compression and anticipate cost‑cutting measures, but no guidance has been issued yet.