Jindal Saw Q2 FY27 results (Jul–Sep 2026) and concall

Capital Goods · Concall AI · Call held 19 Oct 2026

Company page: Jindal Saw share price, financials & guidance record

Jindal Saw reported a mixed Q2 FY27 with revenue growth but significant margin compression due to geopolitical tensions, raw material cost inflation, and operational challenges in specific segments. While the confirmed order book remains strong and new LOIs offer future potential, execution delays and cost pressures impacted profitability. Management expects H2 FY27 to be better than H1, driven by a shift towards higher-margin export and oil & gas orders.

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What they filed

Q2 FY27: revenue up 5.6%, net profit down 74.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	5,271	5,047	4,085	4,234	4,943 −6%	4,633 −8%	4,452 +9%	4,472 +6%
Expenses	4,332	4,310	3,415	3,782	4,331	4,156	4,061	4,214
EBITDA	939	736	670	451	613 −35%	478 −35%	391 −42%	258 −43%
Margin	18%	15%	16%	11%	12%	10%	9%	6%
Other income	29	28	29	40	22	23	24	51
Interest	173	139	171	153	133	163	108	125
Depreciation	151	153	153	156	155	167	164	169
Profit before tax	645	473	374	183	347 −46%	172 −64%	143 −62%	14 −92%
Tax rate	26%	82%	-11%	24%	29%	28%	36%	-145%
Net profit	479	87	415	139	248 −48%	124 +43%	91 −78%	35 −75%
EPS	7.92	4.55	6.63	2.38	4.03	2.18	1.63	0.74

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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