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Jindal Saw Limited Q2 FY27 earnings call summary

NSE: JINDALSAW · BSE: 500378

Earnings call of 19 Oct 2026, summarised by AI from the filing.

Jindal Saw's Q2 FY27 standalone EBITDA fell to ₹265 cr from ₹341 cr in Q1, with management expecting H2 to be better than H1.

Key takeaways

  1. H2 outlook Management expects H2 to be better than H1, with margins moving towards double-digit from Q3, Q4 onward.
  2. Export mix New oil and gas export orders from CIS and South East Asia are expected to shift the product mix and lift margins.
  3. MENA disruption West Asia conflict delays shipping and revenue recognition, leaving dedicated facilities underutilised and raising fixed costs.

Original filing on BSE

Jindal Saw Limited Q2 FY27 results

As filed: Revenue ₹4,472 cr (+6% year on year), EBITDA ₹261 cr (−42% year on year), PAT ₹35.3 cr (−75% year on year), EBITDA margin 5.8% (−484 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹4,452 cr (+9% year on year), EBITDA ₹397 cr (−41% year on year), PAT ₹90.8 cr (−78% year on year), EBITDA margin 8.9% (−749 bps). Score 33 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 749 bps year on year. Tax rate 35%. Revenue fell 4% from last quarter. Share price after the results: −1.6% in 30 days (Nifty 500: +1.3%).
  • Q4 FY26: Revenue ₹4,633 cr (−8% year on year), EBITDA ₹481 cr (−35% year on year), PAT ₹124 cr (+42% year on year), EBITDA margin 10.4% (−422 bps). Score 37 of 100, Below trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 422 bps year on year. Consolidated profit +42% but standalone -76%. Revenue fell 6% from last quarter. Share price after the results: +0.4% in 30 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹4,943 cr (−6% year on year), EBITDA ₹613 cr (−35% year on year), PAT ₹248 cr (−48% year on year), EBITDA margin 12.4% (−544 bps). Score 35 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 544 bps year on year. Share price after the results: +25.4% in 28 days (Nifty 500: −0.7%).
  • Q2 FY26: Revenue ₹4,234 cr (+300% year on year), EBITDA ₹452 cr (+300% year on year), PAT ₹139 cr (+300% year on year), EBITDA margin 10.7% (−718 bps). Score 78 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin fell 718 bps year on year. Consolidated profit +2680% but standalone -83%. Profit fell 67% from last quarter. Share price after the results: −16.0% in 28 days (Nifty 500: +1.2%).
  • Q1 FY26: Revenue ₹4,085 cr (−17% year on year), EBITDA ₹670 cr (−20% year on year), PAT ₹415 cr (0% year on year), EBITDA margin 16.4% (−59 bps). Score 35 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin fell 59 bps year on year. Tax rate -11%. Revenue fell 19% from last quarter. Share price after the results: −2.4% in 30 days (Nifty 500: −0.2%).
  • Q4 FY25: Revenue ₹5,047 cr (−7% year on year), EBITDA ₹737 cr (−20% year on year), PAT ₹87.0 cr (−82% year on year), EBITDA margin 14.6% (−236 bps). Score 30 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it; profit growth was well below it. EBITDA margin fell 236 bps year on year. Tax rate 83%. Revenue fell 4% from last quarter. Share price after the results: −14.6% in 28 days (Nifty 500: +3.5%).
  • Q3 FY25: Revenue ₹5,271 cr (−7% year on year), EBITDA ₹940 cr (−5% year on year), PAT ₹479 cr (−6% year on year), EBITDA margin 17.8% (+35 bps). Score 38 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin rose 35 bps year on year.

Past price moves after results do not indicate future moves. Not a recommendation.

Jindal Saw Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.