Jindal SAW Ltd reported a sharp decline in its financial performance for the second quarter of FY26.
The company’s net profit fell 69.6% year-on-year to ₹152 crore compared to ₹500 crore in the same quarter last year. Revenue also dropped 24.2% to ₹4,223.6 crore from ₹5,572 crore a year ago, reflecting weaker demand and lower realizations in the pipes segment.
EBITDA for the quarter declined 51.8% to ₹441 crore versus ₹914.3 crore last year, while operating margins narrowed to 10.5% from 16.4% YoY.
In the meantime, Jindal SAW shares dropped 2% after the Q2 announcement. As of 2:42 PM, the shares were trading 2.12% lower at Rs 197.02. The stock is currently trading near its 52-week low of ₹196.00, significantly below its 52-week high of ₹378.15
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