Jindal SAW Q1 Results | Net profit flat at ₹416 crore despite revenue and EBITDA decline

Homegrown Jindal SAW Ltd on Tuesday (August 5) reported a 0.2% year-on-year (YoY) dip in net profit at ₹415.5 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, Jindal SAW posted a net profit of ₹416.4 crore.The company’s revenue from operations declined 17.3% to ₹4,084.7 crore as against ₹4,939 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA fell 20.2% to ₹670 crore in the first quarter of this fiscal over ₹839.4 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 16.4% in the reporting quarter as compared to 17% in the corresponding period in the previous fiscal.

Also Read: Jindal SAW Q2 Results | Net profit jumps 32% to ₹499 crore, revenue up 2% to ₹5,572 croreThe company reported an order book of approximately ₹130.5 crore for iron and steel pipes and pellets as of Q1 FY26, with iron and steel pipes accounting for around ₹129.5 crore and pellets contributing ₹1 crore. Export orders constitute about 32% of the total order book, which is expected to be executed over the next 9 to 12 months.

In addition to this, the company’s UAE operations had an order book of approximately ₹

27 crore (around 2,45,000 MT) as of June 30, 2025. Furthermore, Jindal Saw has received a Letter of Intent (LOI) for around 2,65,000 MT of ductile iron (DI) pipes during the current quarter, which is not included in the reported order book.

During the first quarter, one blast furnace unit underwent scheduled maintenance for two months and is expected to resume operations in Q2 FY26. Similarly, the pellet plant was under maintenance for one month and is now fully operational.

Also Read: Jindal Saw shares up 10% after announcing new capex plans in Saudi Arabia, UAE

Export shipments were deferred due to military conflict in the MENA region, leading to an increase in working capital; these shipments have now been dispatched or are in the process of being delivered in the current quarter.

On the domestic front, receivables and inventories also increased, attributed to funding and resource challenges faced by customers. The company continues to invest in capital expenditure aimed at enhancing efficiency and productivity, with the impact on profitability expected to be visible over time. Additionally, an extra piercing mill at the seamless plant is slated for commissioning in the second half of the current year.

Shares of Jindal SAW Ltd ended at ₹210.75, down by ₹0.050 or 0.024% on the BSE.

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