Jindal Saw Reports Sharp 75% Profit Drop in Q1 FY27

w Ltd on Tuesday posted a significant 75.47% decline in consolidated net profit to ₹104 crore for the quarter ended June 2026, compared to ₹424 crore in the year-ago period. The drop was primarily due to weak export performance amid ongoing geopolitical tensions in the MENA region, which disrupted operations at its Abu Dhabi unit and supply chains. Revenue from operations, however, grew 9% year-on-year to ₹4,452 crore from ₹4,085 crore, supported by steady domestic demand. The company’s water pipe business, particularly ductile iron pipes, continued to face headwinds despite a healthy order backlog. Jindal Saw has signed a joint venture in Saudi Arabia to expand HSAW and LSAW pipe production capacity. Shares of the company fell nearly 4% following the results