Jindal Saw shares gained as much as 17.69% to an intraday high of ₹182 apiece on the National Stock Exchange on Monday, January 19, 2025, after the company posted its earnings for the third quarter of FY26. According to reports from Upstox News, the stock was trading 15.23% higher at ₹178.19 per unit at around 3:14 pm. The scrip has rallied more than 11% in the past week and 12% over the month, with a year-to-date advance of nearly 8%.
In a regulatory filing, Jindal Saw reported a 49.06% year-on-year drop in consolidated net profit to ₹257.99 crore for Q3FY26, compared to ₹506.42 crore in Q3FY25. However, on a sequential basis, profit advanced by 69.85% quarter-on-quarter from ₹151.89 crore in the September quarter. Multiple reports from Upstox News and MoneyControl confirm the profit figure at ₹258 crore, showing this strong quarterly growth despite the annual decline appears to have driven investor enthusiasm.
The OP Jindal Group company clocked ₹4,943.41 crore in revenue during Q3FY26, marking a 6.22% annual decline from ₹5,271.30 crore in the same period of the previous fiscal year. However, revenue gained 16.77% sequentially from ₹4,233.60 crore in the quarter-ago period, according to the company's regulatory filing. MoneyControl also reported the revenue decline of 6.2% to ₹4,943.4 crore versus ₹5,271.3 crore, confirming the mixed performance trends.
At the operational level, Jindal Saw's EBITDA fell 34.24% year-on-year to ₹632.2 crore during the reporting quarter, compared to ₹961.4 crore in Q3FY25. On a sequential basis, EBITDA increased 31.27% from ₹481.6 crore in Q2FY26. The EBITDA margin contracted to 12.7% from 18.2% in the year-ago period but expanded from 11.3% sequentially, as reported by Upstox News.
Jindal Saw has a total market capitalisation of ₹11,498.36 crore as of January 19, 2025, according to NSE data. The stock touched a 52-week low of ₹153 on December 9, 2025, while it reached a year's high of ₹286.40 per equity share on March 20, 2025, highlighting the significant volatility in the stock's performance over the past year.
