Jindal Saw Limited — Investor Meet, 09-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jindal Saw has announced a board meeting on May 15, 2025, to discuss the financial results for the quarter and half-year.

Jindal Saw’s Q4 FY25 call showed stable revenue and EBITDA margins around 19-20%, impacted by delayed government funding for water projects like Jal Jeevan Mission. The order book stands at ~$1.3 billion (13 lakh tons), including 6.25 lakh tons of DI pipes. Management expects demand pick-up from Q2 FY26 with restored funding (~₹70,000 Cr). Debt remains stable (term loans ₹600-700 Cr) and net worth near ₹10,000 Cr. Capacity additions at Nashik and Haresamudram aim to support volume growth. The premium connection JV posted ~₹27 Cr PAT. Management remains confident in margin sustainability and views DI pipes as a long-term growth driver. Sentiment is cautiously optimistic on demand normalization and steady margins.