Jindal Saw Latest Updates

Quarterly Financial Performance Jindal Saw reported a decline in its consolidated financial results for the quarter ended March 2025. The consolidated Profit After Tax (PAT) dropped by 81.9% year-on-year to ₹86.9 crore, compared to ₹480.4 crore in the year-ago period. The company's consolidated total income for the March quarter also decreased by 8%, falling to ₹5,067.5 crore from ₹5,493.7 crore in the corresponding period last year. For the more recent Quarter ended September 2025 (Q2 FY2025-26), the company's consolidated revenues were ₹4,233.6 crore. Net profit for this quarter stood at ₹129.13 crore, showing a significant quarter-on-quarter and year-on-year decrease in net profit. Strategic & Corporate Developments The company's board approved three overseas investment proposals totaling up to $118 million in June 2025. This move is part of a strategy to expand its presence in the iron and steel industry in the respective regions. Jindal Saw's board has approved the re-appointment of Sminu Jindal as the Managing Director of the company, effective from February 1, 2026. The Competition Commission of India (CCI) reportedly conducted raids on steel makers including Jindal Saw and Maharashtra Seamless in an ongoing antitrust investigation case. Stock and Market Activity Jindal Saw's stock price recently hit a new 52-week low of approximately ₹162.15 (as of November 7, 2025), reflecting a sustained decline in recent months. The company is currently trading with a dividend yield of approximately 1.17% to 1.2%. The promoter holding in the company as of September 2025 remained high at over 63%.