According to the exchange filing on Monday, April 28, the manufacturer of iron and steel pipes experienced an 8% decline in revenue, falling to ₹4,633.5 crore from ₹5,046.6 crore, while EBITDA decreased by 34.7% to ₹480.9 crore from ₹736.1 crore.
Margins shrank notably to 10.4% compared to 14.6% a year prior.
In spite of the disappointing quarterly results, the company’s board has proposed a dividend of ₹2 per equity share (face value ₹1) for FY26, pending shareholder approval, amounting to a total payout of approximately ₹127.9 crore.
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In a separate announcement, Jindal Saw disclosed that its board has appointed Ashutosh Karnatak as an additional independent director effective April 27, 2026. The company also appointed RJ Goel & Co as cost auditors and Deloitte Haskins and Sells LLP as internal auditors for FY27.
The firm indicated that its board has approved an in-principle decision to divest its wholly-owned subsidiary, Raleal Holdings Limited, Cyprus, either through sale or liquidation. The timeline for any sale agreement has yet to be determined.
Prior to the announcement of the results, shares of Jindal Saw closed at ₹245.50 on the NSE on April 27, marking a 2.41% increase for the day.
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(Edited by : Shoma Bhattacharjee)
