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Jindal Saw Q4 results | Profit slides 52%; board recommends ₹2 dividendThe iron & steel pipes manufacturer's revenue fell 8% to ₹4,633.5 crore from ₹5,046.6 crore; EBITDA and margins saw steep dips. Ahead of the results, shares of Jindal Saw ended at ₹245.50 on the NSE on April 27, up 2.41% on the day.By Navneet Singh  April 27, 2026, 6:33:10 PM IST (Published)2 Min ReadJindal Saw Ltd reported a sharp 52% year-on-year decline in net profit for the fourth quarter FY26 at ₹139.4 crore, compared with ₹291 crore in the same period last year.

As per the exchange filing on Monday, April 28, the iron and steel pipes manufacturer's revenue fell 8% to ₹4,633.5 crore from ₹5,046.6 crore, while EBITDA dropped 34.7% to ₹480.9 crore from ₹736.1 crore.

Margins also contracted significantly to 10.4% from 14.6% a year ago.

Despite the weak quarterly performance, the company’s board recommended a dividend of ₹2 per equity share (face value ₹1) for FY26, subject to shareholder approval, with a total payout of about ₹127.9 crore.

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In a separate filing, Jindal Saw said its board approved the appointment of Ashutosh Karnatak as an additional independent director effective April 27, 2026. It also appointed RJ Goel & Co as cost auditors and Deloitte Haskins and Sells LLP as internal auditors for FY27.

The firm said its board has approved an in-principle decision to divest its wholly-owned subsidiary, Raleal Holdings Limited, Cyprus, either through a sale or liquidation. According to the disclosure the date of any agreement for sale is yet to be finalised.

Ahead of the results, shares of Jindal Saw ended at ₹245.50 on the NSE on April 27, up 2.41% on the day.

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