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Jindal Saw Q4 Profit Plunges 52% to Rs 139 Cr, Revenue Down 8%

Jindal Saw reported a 52% year-on-year decline in Q4 net profit to Rs 139.4 crore. Revenue from operations fell 8% to Rs 4,633.5 crore, with EBITDA dropping 34.7% to Rs 480.9 crore. The board recommended a dividend of Rs 2 per share and announced new board appointments. The company also plans to divest its Cyprus subsidiary Raleal Holdings.

Key Points: Jindal Saw Q4 Profit Slumps 52% to Rs 139 Crore

  • Net profit falls 52% to Rs 139.4 crore
  • Revenue slips 8% to Rs 4,633.5 crore
  • EBITDA down 34.7% to Rs 480.9 crore
  • Board recommends Rs 2 per share dividend
  • Plans to divest Cyprus subsidiary Raleal Holdings
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Jindal Saw's Q4 profit slumps 52 pc to Rs 139 crore, revenue also slips 8 pc

Jindal Saw reports 52% drop in Q4 profit to Rs 139.4 crore; revenue falls 8% to Rs 4,633.5 crore. Board recommends Rs 2 dividend.

"The proposed payout, subject to shareholder approval, is estimated at around Rs 127.9 crore. - Jindal Saw Board"

Mumbai, April 27

Jindal Saw Limited on Monday reported a sharp 52 per cent year-on-year decline in its financial performance for the fourth quarter of FY26, with net profit falling to Rs 139.4 crore, compared to Rs 291 crore in the same period previous financial year.

According to an exchange filing, the company's revenue from operations also slipped 8 per cent to Rs 4,633.5 crore from Rs 5,046.6 crore a year ago, according to its stock exchange filing.

Earnings before interest, tax, depreciation and amortisation (EBITDA) saw a steeper drop of 34.7 per cent to Rs 480.9 crore, down from Rs 736.1 crore in the corresponding quarter of the previous fiscal.

Profitability margins came under pressure during the quarter, with EBITDA margin contracting to 10.4 per cent from 14.6 per cent a year earlier.

Despite the subdued earnings, the company's board has recommended a dividend of Rs 2 per equity share of face value Rs 1 for FY26.

The proposed payout, subject to shareholder approval, is estimated at around Rs 127.9 crore.

In a separate regulatory filing, Jindal Saw announced key board-level and audit-related appointments.

The company has named Ashutosh Karnatak as an additional independent director with effect from April 27, 2026.

It has also appointed RJ Goel & Co as cost auditors and Deloitte Haskins and Sells LLP as internal auditors for the financial year FY27.

The board has further approved an in-principle decision to divest its wholly-owned subsidiary, Raleal Holdings Limited, Cyprus.

The divestment may take place either through a sale or liquidation, although the company clarified that the timeline and agreement for the transaction are yet to be finalised.

Ahead of the earnings announcement, shares of Jindal Saw settled at Rs 245.50 on the National Stock Exchange on Monday, registering a gain of 2.41 per cent during the day.

- IANS

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Reader Comments

P
Priya S
As a long-term investor, this is worrying. EBITDA margin down to 10.4% suggests costs are eating into profits. But the board appointing Deloitte and R J Goel as auditors shows they are serious about compliance. Let's see the full year picture, not just one quarter.
V
Vikram M
Sab theek hai, but 127.9 crore dividend payout when profits are down? That seems like they are borrowing from the future. Maybe to keep shareholders happy? But as a shareholder, I'd rather they reinvest that money for growth. Just my two paise. 🤔
R
Rohit P
This is typical for infrastructure sector companies right now. Steel prices are volatile and global demand is weak. But Jindal Saw has a solid foothold in oil and gas pipelines. Long-term, the divestment of Raleal Holdings might actually streamline operations. Watch this space. 🇮🇳
S
Sarah B
That's a steep decline. But 245.50 share price with 2 dividend gives a yield of about 0.8%, which is decent for a steel company in current market. The independent director appointment (Ashutosh Karnatak) might bring fresh perspective. Hoping for recovery in FY27.
K
Kavya N
Disappointing numbers, but not surprising given the global economic situation. The divestment of the Cyprus subsidiary is a good move—focus on core business. Also, having Deloitte as internal auditor will improve governance. Let's see how the next quarter looks. 💼

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