Jindal Saw's Q2 FY 2025-26 Quarterly Results

Result Summary

• Jindal Saw Ltd reported a 3.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 23.9%.
• Its expenses for the quarter were up by 9.4% QoQ and down 17.6% YoY.
• The net profit decreased 66.6% QoQ and decreased 70.8% YoY.
• The earnings per share (EPS) of Jindal Saw Ltd stood at 2.38 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

---

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jindal Saw Ltd is a prominent player in the manufacturing sector, primarily focusing on producing and supplying a wide range of pipes and tubes. The company operates within the steel industry and is known for its large-diameter submerged arc pipes and spiral pipes that are used in energy transportation. Additionally, Jindal Saw Ltd caters to the water supply, sewage, and industrial sectors, providing critical infrastructure components. Recent developments within the company or industry are not provided in the available data, and therefore, specific updates regarding strategic initiatives or market expansions are not available. The company continues to maintain its position in the industry through its diversified product offerings and extensive distribution networks.

Revenue

For the second quarter of the fiscal year 2026 (Q2FY26), Jindal Saw Ltd reported a total income of ₹4,264.04 crores. This marks an increase of 3.9% from the previous quarter (Q1FY26), where the total income was ₹4,102.95 crores. However, when compared to the same quarter in the previous year (Q2FY25), where total income was at ₹5,602.30 crores, there is a noticeable decline of 23.9%. This year-over-year decrease in total income suggests changes in market conditions or sales volumes during this period. The quarter-over-quarter growth indicates some recovery or stabilization in revenues compared to the previous quarter.

Profitability

In Q2FY26, Jindal Saw Ltd recorded a Profit Before Tax (PBT) of ₹173.14 crores, representing a significant decrease of 52.4% from the previous quarter (Q1FY26), where the PBT was ₹363.91 crores. Year-over-year, the decline is even more pronounced at 72.8%, compared to Q2FY25's PBT of ₹636.17 crores. The company's Profit After Tax (PAT) for Q2FY26 stood at ₹138.56 crores, showcasing a decline of 66.6% quarter-over-quarter from Q1FY26's PAT of ₹415.47 crores, and a 70.8% decrease year-over-year from Q2FY25's PAT of ₹475.31 crores. The Earnings Per Share (EPS) followed a similar downward trend with a 64.1% reduction from the previous quarter and a 69.5% fall from the previous year. The tax expense for Q2FY26 was ₹44.01 crores, contrasting with a tax credit in Q1FY26, and a significant reduction from the previous year's tax expense of ₹167.65 crores.

Operating Metrics

Total expenses for Jindal Saw Ltd in Q2FY26 amounted to ₹4,090.90 crores, which is a 9.4% increase from Q1FY26's total expenses of ₹3,739.04 crores. However, when compared to Q2FY25, where expenses were ₹4,966.13 crores, there is a reduction of 17.6%. This year-over-year decrease in expenses aligns with the decline in total income, potentially reflecting efficiency measures or reduced operational activity. The quarter-over-quarter increase in expenses, despite an increase in total income, results in a tighter profit margin for the quarter. The financial data indicates various shifts in cost structures and profitability margins over the observed periods.