Jindal Saw Limited Announces Audited Standalone and Consolidated Financial Results for March 31, 2026
Jindal Saw Limited today announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The financial results were audited by Price Waterhouse Chartered Accountants LLP and were based on the standalone and consolidated annual financial statements. The Board Meeting concerning these results commenced at 02:00 pm and concluded at 05:40 pm.Financial Performance Highlights
The Group’s consolidated financial results reflect the performance of Jindal Saw Limited and its subsidiaries and joint ventures.In the financial year ended March 31, 2026, the Company recorded total income of 17,986.86 (X Crores), showing growth compared to the 20,947.3 (X Crores) recorded in the previous year. The net profit after tax stood at 92,533 (X Crores), while the total comprehensive income reached 1,469.71 (X Crores). The total assets of the consolidated entity stood at 21,686.20 (X Crores) as of March 31, 2026, compared to 20,779.00 (X Crores) the previous year.
| Metric | As of March 31, 2026 (X Crores) | As of March 31, 2025 (X Crores) |
|---|---|---|
| Total Income | 17,986.86 | 20,947.3 |
| Net Profit after Tax | 92,533 | 145,804 |
| Total Comprehensive Income | 1,469.71 | 1,738.37 |
| Total Assets | 21,686.20 | 20,779.00 |
Standalone Results Summary
For the standalone entity, Jindal Saw Limited reported total income of 1,474.45 (X Crores) for the year ending March 31, 2026. The net profit after tax was 78,398 (X Crores). Total comprehensive income stood at 1,868.00 (X Crores), and the Company's total assets were 19,548.93 (X Crores) at year-end.| Metric | Year Ended 31.03.2026 (X Crores) | Year Ended 31.03.2025 (X Crores) |
|---|---|---|
| Total Income | 1,474.45 | 1,817.70 |
| Net Profit after Tax | 78,398 | 187,447 |
| Total Comprehensive Income | 1,868.00 | 1,102.26 |
| Total Assets | 19,548.93 | 18,991.94 |
Operational and Financial Position
The consolidated statements of assets and liabilities showed that the total assets grew to 21,686.20 (X Crores), up from 20,779.00 (X Crores) in the prior year.The company's capital structure details are as follows:
| Component | As of March 31, 2026 (X Crores) | As of March 31, 2025 (X Crores) |
|---|---|---|
| Total Equity | 12,282.71 | 10,954.08 |
| Total Assets | 21,686.20 | 20,779.00 |
Cash Flow Analysis
The audited cash flow statements provide a clear overview of the cash movements during the year.Cash Flow from Operating Activities (Year Ended March 31, 2026):
The Group generated 177,137 (X Crores) from operating activities, primarily driven by adjustments and changes in working capital.
Cash Flow from Investing Activities (Year Ended March 31, 2026):
This segment reported a net outflow of (955.38) (X Crores), mainly due to the purchase of property, plant and equipment and intangible assets.
Cash Flow from Financing Activities (Year Ended March 31, 2026):
The Group generated a net cash inflow of 52,356 (X Crores) from financing activities, supported by significant payments from current borrowings.
Group Scope and Corporate Governance
The consolidated financial results cover the financial statements of several entities, including:Direct Subsidiaries:
- Jindal ITF Limited
- Jindal Metals and Alloys Limited
- S.V. Trading Limited, Nevis
- Ralael Holdings Limited, Cyprus
- Jindal Saw Holding FZE, UAE
- JITF Shipyards Limited
Indirect Subsidiaries:
- Jindal Saw USA LLC, USA
- Jindal Saw Middle East FZE, UAE
- Jindal Saw Gulf LLC, UAE
- Jindal Seamless Pipe Manufacturing LLC (w.e.f August 13, 2025)
- Jindal Intellicom Limited
- iCom Analytics Limited
- World Transload & Logistics LLC, USA
- 5101 Boone LLP, USA
- Tube Technologies INC, USA
- Helical Anchors INC, USA
- Boone Real Property Holding LLC, USA
- Drill Pipe International LLC
- Jindal X LLC, USA
- Jindal Seamless Pipe Manufacturing LLC, UAE
Joint Ventures:
- Jindal Hunting Energy Services Private Limited
- Jindal Saw and Buhur Altavision Company KSA (w.e.f November 10, 2025)
- Jindal MMG LLC, USA (liquidated on December 02, 2025)
The Group’s financial statements also include the results of the Samruddhi Employees Trust, which reflects total assets of 7.22 crores and net assets of (3.14) crores as at March 31, 2026.
Key Matters Highlighted by Auditors
The auditors highlighted an appeal filed by Jindal ITF Limited (JITF), a Subsidiary of the Group, before the divisional bench of the Delhi High Court. The management stated that the Company believes it has a strong case leading to a favourable outcome, and therefore, no adjustments are required in the consolidated financial results as at and for the quarter and year ended March 31, 2026.***
Note: All financial figures are presented in X Crores unless otherwise specified.
JINDALSAW Stock Price Movement
Today, Jindal Saw Limited shares gained 2.41% to close at ₹245.17, extending significantly from its previous session's close. The stock traded on robust volume of 2.49 million shares throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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