Jindal SAW Q4 FY26 Net Profit Drops 52% YoY

Jindal SAW reported a 52% YoY decline in Q4 standalone PAT to ₹2,268 million, impacted by Middle East conflict logistics disruptions.
Standalone order book remains strong at ~$1,317 million, with exports constituting 29% of the total pipe order book value.
The company is developing new pipe manufacturing facilities in UAE and KSA, with initial equity already infused for these projects.
Credit ratings were reaffirmed with CARE A1+ for short-term and CARE AA (Stable) for long-term debt facilities in July 2025.