Jindal Saw’s September-quarter consolidated profit falls 75% to ₹35 crore even as revenue rises 6%
- Earnings
- Steel And Steel Products
Jindal Saw Limited has told the exchanges that it released its unaudited standalone and consolidated results for the quarter and half year ended 30 Sep 2026 on 16 Oct 2026. Consolidated net profit for the September quarter was ₹35.28 crore, down 75% from ₹138.56 crore a year earlier, while revenue from operations rose 6% to ₹4,471.79 crore from ₹4,233.60 crore.
Revenue from operations was 0.4% above the ₹4,452.31 crore of the June 2026 quarter, while net profit was 61% below the ₹90.79 crore of that quarter. Profit before tax was ₹14.42 crore, against ₹182.57 crore a year earlier. The quarter had a net tax credit of ₹20.86 crore, against a tax expense of ₹44.01 crore a year earlier.
Of the net profit, ₹47.04 crore is attributable to the owners of the company, against ₹151.89 crore a year earlier, and a loss of ₹11.75 crore to non-controlling interests. Basic earnings per share were ₹0.74, against ₹2.38. Finance costs fell to ₹125.45 crore from ₹152.91 crore.
For the half year, revenue from operations was ₹8,924.10 crore against ₹8,318.28 crore a year earlier, and net profit was ₹126.07 crore against ₹554.03 crore.
Inference
Revenue was higher than a year earlier but profit before tax was far lower, because total expenses rose faster than income. The filing shows total expenses of ₹4,505.22 crore against ₹4,090.90 crore, and the tax credit in the quarter lifted net profit above the profit before tax.
The filing does not give reasons for the change in expenses. The results statement and its notes carry the line-by-line detail, which shareholders can read to see what drove the quarter.
Reference: Original filing (PDF)
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