Jindal Saw Limited Earnings Summary — Q1 FY2027
Jindal Saw Reports Q1 FY27 Net Profit of ₹91 Crores Amid Compressing Margins
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 3.9% sequentially in Q1 FY2027.
- Revenue of ₹4,452 Cr is 9.0% higher year-on-year.
- Revenue has compounded at -8.4% annualised over the last 10 quarters.
- Net profit of ₹104 Cr is 75.4% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -50.3% annualised across the period.
- Operating margin stands at 8.8% in Q1 FY2027.
- Operating margin compressed by 762 bps year-on-year.
- Over the last two years operating margin has contracted by 821 bps.
- PBT margin is 3.2%.
- Expenses grew 18.9% against revenue growth of 9.0%.
- Operating profit of ₹391 Cr is 41.6% lower year-on-year.
- Operating leverage has been under pressure recently.
- 1 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 24/100 (Weak) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 4,452 | 4,633 | 4,943 | 4,234 | 4,085 | 5,047 | 5,271 | 5,572 | 4,939 | 5,425 |
| Expenses | Stable | 4,061 | 4,156 | 4,331 | 3,782 | 3,415 | 4,310 | 4,332 | 4,658 | 4,100 | 4,505 |
| Operating Profit | Softening | 391 | 478 | 613 | 451 | 670 | 736 | 939 | 914 | 840 | 920 |
| Operating Margin | Softening | 8.8% | 10.3% | 12.4% | 10.7% | 16.4% | 14.6% | 17.8% | 16.4% | 17.0% | 17.0% |
| Other Income | Declining | 24 | 23 | 22 | 40 | 29 | 28 | 29 | 37 | 51 | 69 |
| Interest | Softening | 108 | 163 | 133 | 153 | 171 | 139 | 173 | 158 | 154 | 174 |
| Depreciation | Stable | 164 | 167 | 155 | 156 | 153 | 153 | 151 | 151 | 148 | 149 |
| Profit Before Tax | Declining | 143 | 172 | 347 | 183 | 374 | 473 | 645 | 643 | 588 | 667 |
| Tax | Volatile | 52 | 48 | 100 | 44 | -41 | 386 | 166 | 168 | 172 | 186 |
| Net Profit | Softening | 104 | 139 | 258 | 152 | 424 | 291 | 506 | 500 | 441 | 502 |
| Net Margin | Softening | 2.3% | 3.0% | 5.2% | 3.6% | 10.4% | 5.8% | 9.6% | 9.0% | 8.9% | 9.3% |
Key Takeaways
- Consolidated revenue for Q1 FY27 fell nearly 10% YoY to ₹4,452 crore, reflecting a slowing demand environment.
- Profitability took a significant hit with Net Profit declining 78% YoY to ₹91 crore, down from ₹416 crore in the same period last year.
- Operating Profit Margin (OPM) compressed to single digits (9%), a significant drop from the 17% seen in Q1 FY25.
- Interest costs remained relatively high despite a sequential reduction, weighing on the bottom line.
- Order book remains a silver lining, reported at approximately US$1.171 billion as per BSE announcements.
- The number of shareholders decreased slightly from the previous quarter to 207,732, but remains significantly higher than prior years.
- Promoter holding remains stable at 63.25%, while Foreign Institutional Investors (FIIs) reduced their stake slightly to 13.46%.
Management Guidance
Management maintains a cautious outlook on margins while focusing on execution of the US$1.171 billion order book; committees for Audit and Risk Management have been reconstituted to strengthen governance.
Sentiment Shift
Deteriorating
Financial performance shows a sharp downward trajectory in both revenue and profit margins, with Q1 FY27 continuing a trend of compression seen throughout FY26.
Outlook
The company faces headwinds from lower sales volumes and margin erosion compared to the previous year. Future performance will depend on the successful conversion of the $1.17bn order book and managing volatile input/operational costs.
From the Annual Report (Key Quotes)
“Q1 FY27 standalone PAT fell to ₹1,098 million; consolidated PAT ₹908 million; order book ~US$1.171 billion.”
“Jindal Saw reconstituted Audit, Risk Management and Nomination committees effective 14 July 2026.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from Jindal Saw Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.