Jindal SAW Q1 FY27 Profit Falls 75% Despite Higher Revenue
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Jindal SAW reported a sharp decline in first-quarter profit despite higher revenue. Its margins weakened and tax expenses increased. The company's shares ended over 3% lower.
Jindal SAW’s share price remained under pressure after the company reported weak quarterly numbers. The company reported a sharp fall in profit even as its revenue increased. This was mainly due to lower operating margins and a higher tax outgo in the quarter.
On 14 July 2026, the stock ended 3.63% lower at ₹258.85 on the National Stock Exchange.
Jindal SAW Q1 FY27 Performance Summary
Jindal SAW Q1 results showed a consolidated net profit drop of 75.4% year-on-year to ₹104.2 crore, compared with ₹424 crore in the same quarter last year. Revenue, however, rose 9% to ₹4,452 crore from ₹4,085 crore, indicating higher sales during the quarter.
Operating performance was weaker. Jindal SAW earnings before interest, tax, depreciation and amortisation (EBITDA) declined 40.8% to ₹397 crore from ₹670 crore a year ago. As a result, the EBITDA margin narrowed to 8.91%, down from 16.41%.
The company also reported a tax expense of ₹52.1 crore, compared with a tax credit of ₹41.2 crore in the corresponding quarter last year.
Over the past 52 weeks, the stock has touched a high of ₹278.95 and a low of ₹153. Despite Tuesday's decline, Jindal SAW shares are still up 14.25% over the past year. The company currently has a market capitalisation of over ₹16,500 crore and trades at a price-to-earnings (P/E) ratio of 9.21.
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