Jindal Saw Limited — Investor Meet, 05-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Jindal Saw's Q4 FY26 consolidated total income was INR 4,657 Cr and PAT was INR 124 Cr, both declining QoQ and YoY. This reflects sluggish Jal Jeevan Mission project execution and deferred high-margin MENA exports (~30-40k tons) due to regional conflict, plus a ~INR 48 Cr forex loss. Management expects Q1 FY27 to remain tough but is fast-tracking new seamless and LSAW/HSAW plants in Abu Dhabi and Saudi, respectively, to seize emerging energy infrastructure opportunities in MENA. Domestic water pipe demand is anticipated to revive. The company's strong balance sheet acts as a vital buffer during these unpredictable times.