Jindal SAW Ltd Nashik seamless unit to ramp up from Sep

reported consolidated net profit of roughly ₹104 crore for Q1 FY27, down about 75% year-on-year, as geopolitical disruption in the Middle East, delays in domestic water projects and a temporary suspension of its API licence weighed on the seamless-pipe business. Management highlighted that the API licence has been reinstated and expects the Nashik seamless unit to ramp up from September–October 2026, targeting 70,000–80,000 tonnes per quarter from Q3 FY27. The company’s order book stood at about 1.78 million tonnes (including 0.75 million tonnes of exports), with around 60% of export orders linked to the Middle East. CARE Ratings has reaffirmed its CARE AA (Stable) long-term and CARE A1+ short-term ratings. The stock was trading around ₹305–₹310, with a market capitalisation near ₹9,800 crore.