Jindal Saw Q4 profit grows 42 pc to Rs 124 cr

Jindal Saw on Monday posted over 42 per cent rise in profit to Rs 123.68 crore for the quarter ended March 2026, helped by reduction in expenses. It had reported a net profit of Rs 86.92 crore for the same period a year ago, the company said in an exchange filing. Total income decreased to Rs 4,656.85 crore from Rs 5,067.48 crore in January-March FY25. Expenses fell to Rs 4,482.04 crore from Rs 4,601.82 crore. The board of the company approved a proposal to set up an additional plant in Saudi Arabia for LSAW facility to address the increased demand of pipes through its joint venture Jindal Saw & Buhur Altavision Co. The board also ''approved in principle to dispose of (either by way of sale or liquidation) Raleal Holdings Ltd, Cyprus 100 per cent subsidiary of the company.'' Jindal SAW offers pipes and tubes engineered from carbon steel, stainless steel and other alloy steel manufactured through SAW (Submerged Arc Welding), piercing, extrusion, and centrifugal casting.

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