Jindal Saw Q2 FY25 results (Jul–Sep 2024) and concall

Jindal Saw delivered a stable performance in Q2 FY25, maintaining its improved margin profile of 18-19% despite slight pressure from higher steel prices. The company achieved significant deleveraging, reducing consolidated debt by nearly ₹900 crores, and is now focused on strategic capacity expansions in Nashik and Mundra. Management remains bullish on domestic demand from water and energy sectors while actively pursuing high-margin export opportunities in the MENA and U.S. markets.