As per Jindal SAW Q1FY26 earnings results, the company has reported a marginal 0.2% year-on-year (YoY) dip in net profit for the quarter ending June 30, 2025. The company posted a profit of ₹415.5 crore, compared to ₹416.4 crore in the same quarter last year.
The company’s revenue from operations declined by 17.3%, falling to ₹4,084.7 crore from ₹4,939 crore in the year-ago period. At the operating level, EBITDA stood at ₹670 crore, down 20.2% YoY, while EBITDA margin came in at 16.4%, compared to 17% in Q1FY25.
As per Jindal SAW Q1 FY26 earnings results, the company’s order book mainly consists of iron and steel pipes worth ₹129.5 crore and pellets worth ₹1 crore. Notably, exports make up around 32% of the order book and are expected to be completed within the next 9 to 12 months.
Jindal’s UAE operations had a separate order book of about ₹27 crore, covering roughly 2,45,000 metric tonnes. In addition, Jindal SAW has received a Letter of Intent (LOI) for around 2,65,000 MT of ductile iron pipes during the current quarter, which is not yet included in the reported figures.
During the quarter, one blast furnace unit underwent scheduled maintenance for two months and was expected to resume operations in Q2 FY26. Similarly, the pellet plant was under maintenance for one month and later resumed full operations.
On the domestic front, receivables and inventories increased, mainly due to funding and resource constraints faced by customers.
Export shipments were delayed due to military conflict in the MENA region, which led to a rise in working capital. These shipments are now either dispatched or in the process of being delivered in this quarter.
The company is continuing its capital expenditure plans to improve productivity and efficiency. A new piercing mill at its seamless plant is expected to be commissioned in the second half of the year. The financial benefits of these efforts may reflect gradually in future quarters.
Read more: Britannia Share Price Dips 2%; Revenue Rises 9.8% YoY in Q1 FY26 Results.
Jindal SAW has managed to maintain a steady profit despite revenue pressure, temporary operational halts, and export delays. With a healthy order pipeline and upcoming project enhancements, the company remains on track for long-term improvements. Investors should track developments closely and ensure their demat account is in order if considering exposure to this sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Aug 6, 2025, 10:49 AM IST
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