Jindal Saw surges over 20% in two days on robust sequential Q3 performance

Jindal Saw gained 3.88% to Rs 186.25, extending gains for the second consecutive trading session.

Shares of Jindal Saw surged 20.28% in two trading sessions from its recent closing low of Rs 154.85 recorded on 16 January 2026.

Meanwhile, the company reported a 69.85% jump in consolidated net profit to Rs 257.99 crore on 16.77% increase in revenue from operations to Rs 4,943.41 crore in Q3 FY26 over Q2 FY26.

On a Year on year (YoY) basis, the companys consolidated net profit and revenue from operations declined 49.06% and 6.22% respectively in Q3 FY26.

EBITDA stood at Rs 632.2 crore in Q3 FY26, up 31.27% QoQ while down 34.24% YoY. The EBITDA margin improved to 12.7% in Q3 FY26 from 11.3% in Q2 FY26, but moderated from 16.8% in Q3 FY25.

 

Jindal Saw is engaged into manufacturing of iron and steel pipes and pellets.

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