Jindal Saw Limited — Investor Meet, 22-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Jindal Saw's Q1 FY27 saw consolidated PAT drop 78% to INR91 Cr, with EBITDA down 39%, despite revenue growth. Performance was impacted by MENA geopolitical issues, domestic water project delays, and a temporary API license suspension (now reinstated). Management expects H1 FY27 to remain soft but anticipates H2 improvements, aiming for FY26-level volumes. Strategic multi-crore MENA projects (Abu Dhabi seamless, Saudi SAW pipe JV) are on track for FY29 commissioning. The company is actively diversifying its order book beyond MENA. This quarter highlights short-term headwinds but underscores long-term strategic growth initiatives.