Jindal Saw Ltd

📉 Jindal Saw FY26 Results: Revenue & EBITDA Decline Amid Market Challenges

• Standalone Q4 FY26 total income: ₹38,517M (vs. ₹44,495M in Q4 FY25)

• Standalone Q4 FY26 EBITDA: ₹4,131M (vs. ₹8,563M in Q4 FY25)

• Full year standalone total income: ₹1,47,445M (vs. ₹1,81,777M in FY25)

• Full year standalone EBITDA: ₹18,347M (vs. ₹34,558M in FY25)

• Standalone PAT Q4 FY26: ₹1,140M (vs. ₹4,742M in Q4 FY25)

• Standalone PAT full year FY26: ₹7,841M (vs. ₹18,744M in FY25)

• Consolidated Q4 FY26 total income: ₹46,569M (vs. ₹50,675M in Q4 FY25)

• Consolidated Q4 FY26 EBITDA: ₹5,042M (vs. ₹7,571M in Q4 FY25)

• Consolidated full year total income: ₹1,79,869M (vs. ₹2,09,478M in FY25)

• Consolidated full year EBITDA: ₹23,063M (vs. ₹35,482M in FY25)

• Consolidated PAT Q4 FY26: ₹1,236M (vs. ₹869M in Q4 FY25)

• Consolidated PAT full year FY26: ₹9,253M (vs. ₹14,580M in FY25)

• Order book: ~$1,317M (pipes: $1,293M, pellets: $24M)

• Operations impacted by Middle East conflict, causing logistical disruptions

• Standalone debt: ₹24,532M (down from ₹31,538M in Dec 2025)

• Consolidated debt: ₹25,279M (down from ₹33,456M)

• Legal dispute with NTPC continues, appeal pending in Delhi High Court

• API license suspension for Nashik unit being addressed, audit scheduled for May 2026