Jindal Saw Limited · NSE:JINDALSAW
Jindal Saw — Q2 FY2026 Earnings Presentation
19 slides from Jindal Saw's earnings presentation, Oct 17, 2025
Slide 1: Stock exchange filing letter
October 17, 2025 BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Stock cod
Slide 2: Financial Highlights Q2 FY26 Results
FINANCIAL HIGHLIGHTS Q2 FY26 RESULTS Friday, October 17, 2025
Slide 3: Disclaimer
Disclaimer Statements made during today’s discussion and those contained in this document could constitute “forward looking statements” including, without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to our future business developments
Slide 4: Financial Highlights
Financial Highlights 3
Slide 5: Q2 & H1 FY26 Result Highlights (Standalone)
Q2 & H1 FY26 Result Highlights (Standalone) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 FY25 Particulars (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) Unaudited Unaudited Unaudited Unaudited Audited Total Income (#) 34,091 47,902 67,359 92,074 1,81,777 EBITDA 3,349 8,751 8,944
Slide 6: Quarterly Financial Performance Trends – Standalone
Quarterly Financial Performance Trends – Standalone (Rs. In Mio.) Revenue EBITDA* EBITDA Margin (%) ** 19.5 47,902 18.3 19.2 45,209 44,495 33,268 34,091 16.8 8,751 8,821 9.8 8,563 5,596 3,349 30 Sep '24 31 Dec '24 31 Mar '25 30 Jun '25 30 Sep '25 30 Sep '24 31 Dec '24 31 Mar '25 30 Jun '25 30 Sep '2
Slide 7: Order Book Position (Standalone)
Order Book Position (Standalone) The current order book for pipes and pellets is ~ US$ 1,452 million Iron & Steel Pipes For Q2 FY26, the Company reported order book of ~ $ 1,452 million for iron & steel pipes and pellets. Iron & steel pipes account for ~ $ 1,412 million and pellets for ~ $ 40 millio
Slide 8: Operational Highlights - Standalone Q2 FY26
Operational Highlights - Standalone Q2 FY26 Production Q2 FY26 Q2 FY25 FY25 ~MT ~MT ~MT Iron & Steel Pipes 2,93,000 4,25,000 17,04,000 Pellets 4,07,000 4,18,000 16,50,000 Sales Q2 FY26 Q2 FY25 FY25 ~MT ~MT ~MT Iron & Steel Pipes 2,93,000 4,32,000 16,98,000 Pellets 3,56,000 3,96,000 16,50,000 During
Slide 9: Q2 & H1 FY26 Result Highlights (Consolidated)
Q2 & H1 FY26 Result Highlights (Consolidated) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 FY25 Particulars (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) Unaudited Unaudited Unaudited Unaudited Audited Total Income (#) 42,640 56,023 83,670 1,05,871 2,09,478 EBITDA 4,816 9,445 11
Slide 10: Quarterly Financial Performance Trends – Consolidated
Quarterly Financial Performance Trends – Consolidated (Rs. In Mio.) Revenue EBITDA* EBITDA Margin (%)** 56,023 52,933 50,675 16.9 18.2 16.8 41,030 42,640 14.9 11.3 9,445 9,614 7,571# 6,883 4,816 30 Sep '24 31 Dec '24 31 Mar '25 30 Jun '25 30 Sep '25 30 Sep '24 31 Dec '24 31 Mar '25 30 Jun '25 30 Sep
Slide 11: Update on Debt Position – Institutional Debt
Update on Debt Position – Institutional Debt As on Sept 30, As on Jun 30, Total Debt Break-up (Standalone) Particulars (Rs. In million) (Rs. In Mio) 2025 2025 Standalone Debt 33,104 30,881 34,114 33,311 30,881 33,104 Long Term Debt 23,835 5,536 5,778 22,260 24,009 15,319 25,103 27,568 Net Short Term
Slide 12: Corporate updates
Corporate updates 11
Slide 13: Key corporate updates
Key corporate updates Credit Rating In July 2025, CARE Ratings has reaffirmed “CARE A1+ (A One Plus)” for Short-term debt facilities including commercial paper and “CARE AA (Outlook “Stable”) for Long-term debt facilities. In October 2025, Brickwork Ratings has reaffirmed “BWR AA with Stable Outlook
Slide 14: Outlook
Outlook 13
Slide 15: Macro growth drivers (1/2)
Macro growth drivers (1/2) o Consistent policy thrust on infrastructure development by the GOI across sectors like water (Jal Jeevan Mission, Infrastructure pipelines), and energy (oil & gas pipelines, power plants) Development ▪ Smart Cities Mission and the AMRUT program focus on upgrading urban in
Slide 16: Macro growth drivers (2/2)
Macro growth drivers (2/2) o Extended upto 2028, the Jal Jeevan Mission aims to achieve universal provision of tap water connection to rural households, quality improvement of infrastructure, water source sustainability and greywater management o Swachh Bharat Mission-Gramin aims to transform all vi
Slide 17: Jindal Saw: Way forward
Jindal Saw: Way forward Consolidate leadership Leverage deep-routed position by tapping relationships to Business incremental maintain healthy Focus on specialized Disciplined financial diversification opportunities order book position offerings outcome To have To benefit from To sustain order To dr
Slide 18: About Us
About Us Jindal Saw (NSE – JINDALSAW, BSE - 500378) has a business model that is well diversified in terms of strategic locations, markets, products, industries, and customers. The business model is designed to create a hedge against simultaneous risks and adverse macros, which For more information,
Slide 19: Thank You
THANK YOU 5) JINDAL SAW LTD. sinbaL TOTAL PIPE SOLUTIONS