Jindal Saw Limited — Important, 05-08-2025: General Updates

Jindal Saw reported Q1 FY26 financial results, with consolidated revenue down 18% to Rs 4,103 Cr and EBITDA declining 22% to Rs 688.3 Cr. However, net profit remained stable due to a Rs 133.6 Cr tax refund. Operational performance was impacted by plant maintenance and deferred MENA export shipments, leading to higher working capital. The company announced major new projects in UAE and KSA totaling ~$428 million capex for pipe manufacturing. A robust order book of ~$1.3 billion (plus ~$270 million from UAE operations) provides strong revenue visibility. An appeal is ongoing for a Rs 1,891 Cr arbitration case.