JINDALSAW

Jindal Saw shares have been rallying strongly,

Jindal Saw shares have been rallying strongly, gaining nearly 8% in recent sessions, even as its latest quarterly results (Q1 FY27) showed a steep 78% slump in profit due to export disruptions and margin compression. Analysts note debt reduction and reinstated API licenses as positives for recovery. 📈 Stock Performance 21 Aug 2026: Jindal Saw jumped 7.6% to ₹290.1 on the BSE, among the top gainers in the ‘A’ group. 26 Aug 2026: Shares closed at ₹301.70 on NSE, up 7.08%, reflecting bullish momentum despite weak earnings. Technical trend: Long-term and short-term indicators remain bullish, suggesting investor confidence. 🏭 Q1 FY27 Results (June 2026) Standalone Income: ₹3,756 crore, up 13% YoY. Standalone PAT: ₹110 crore, down 70% YoY. Consolidated Income: ₹4,476 crore, up 9% YoY. Consolidated PAT: Slumped 78% due to margin compression. EBITDA: Fell 40% to ₹341 crore. Key Issue: API license suspension for seamless pipes (reinstated mid-June). Debt: Finance costs fell 46% YoY, showing deleveraging progress. 🌍 Operational Challenges MENA region disruptions: Export shipment suspensions and shipping corridor constraints reduced dispatches. Abu Dhabi subsidiary: Dispatches fell to 34,000 MT in Q1 FY27 (vs. 48,000 MT in Q4 FY26). Order book: USD 188 million (137,000 tonnes) as of June 30, 2026. Domestic delays: Water infrastructure projects slowed execution. 📰 Corporate Updates Leadership: Ajit Kumar Hazarika stepped down as Independent Director (July 2026). Expansion: Plans for an additional LSAW plant in Saudi Arabia. Dividend: Declared ₹2/share for FY26.