Home / Business and Economy / Jindal Saw Soars: Q3 Results Boost Share Price by 17%
Jindal Saw Soars: Q3 Results Boost Share Price by 17%
20 Jan
Summary
- Jindal Saw's Q3FY26 profit after tax surged 78.7% sequentially.
- Revenue increased 16.40% quarter-on-quarter, signaling operational improvement.
- The company's total order book volume saw a marginal rise to 1.96 million MT.
Jindal Saw's stock experienced a notable surge of 17.69%, reaching an intraday high of ₹182 on the NSE. This significant jump was triggered by the company's announcement of improved operational performance in the third quarter of the fiscal year 2025-26 (Q3FY26).
The iron and steel products manufacturer reported a robust sequential growth in its financial metrics. Profit after tax (PAT) rose sharply by 78.7% from ₹138.6 crore in Q2FY26 to ₹247.6 crore in Q3FY26. Revenue also demonstrated strong quarter-on-quarter improvement, increasing by 16.40% to ₹4,963 crore.
Further indicating positive operational momentum, earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew by 31.30% sequentially to ₹632.2 crore. The company's total order book volume for its iron and steel pipe business expanded slightly to 1.96 million MT by December 2025.
Jindal Saw highlighted ongoing capital investments aimed at enhancing operational efficiency and productivity. The commencement of production from a new piercing mill in the seamless plant during Q3FY26 is also expected to contribute positively to profitability over time.
