Jindal Saw shares drop 6% after Q1 net profit shrinks 75% YoY; key things to know

Jindal Saw shares declined around 6% on Tuesday, July 14, after investors focused on the company’s 75% reduction in net profits for the April to June quarter (Q1) results for the financial year ending 2026-27.

Shares of Jindal Saw dropped nearly 6% to their intraday low of ₹253.15 during the afternoon trading hours on Tuesday, compared to ₹268.60 at the previous stock market session, according to NSE data.

The company shares closed 3.6% lower at ₹258.85 after the trading session on July 14, according to the exchange data.

Why did Jindal Saw's net profit drop?

Jindal Saw announced its April to June quarter (Q1) results for the financial year ending 2026-27 towards the end of the stock market session on Tuesday, July 14. The company posted a 75.4% fall in net profit to ₹104 crore, compared YoY with ₹424 crore in the same period a year ago.

In contrast, the company’s revenue from core operations advanced 9% to ₹4,452 crore in the first quarter, compared to ₹4,084 crore in the same period last year, according to the consolidated statements.

Although the revenues increased for the first quarter, the company witnessed a negative inventory buffer impact, as the company’s inventories reduced on a year-on-year basis.

The data further showed that the company had a negative inventory of ₹928 crore in the first quarter of the previous financial year, while the buffer reduced to a negative inventory of ₹26.26 crore in the June quarter of the current fiscal year.

This reduction in the negative buffer caused the total expenses of the company to increase in the quarter under review, in turn weighing down the profits despite the rise in topline revenues.

The consolidated financial statements also showed that Jindal Saw’s operating margins dropped to 5.3%, from 13.05% on a YoY basis, while the net profit margin declined to 2.03% from 10.13% in the same period a year earlier.

Jindal Saw share performance

Jindal Saw shares delivered more than 305% returns to their investors in the last five years, over 64% gains in the last three years, and 16% returns on their investment in the past one year period, according to NSE data.

On a year-to-date (YTD) basis, the company’s stock has risen 55% in 2026 and has gained 9% in the last one-month period, as per the exchange data. In the last five trading session, the stock has lost 0.6%.

Shares of Jindal Saw surged to their 52-week high of ₹278.95 on July 10, 2026, while the 52-week low was at ₹153 on December 9, 2026. The company’s market capitalisation (m-cap) was at ₹16,627 crore as of the stock market close on June 17, 2026.