Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Net profit declined 82% YoY to ₹33.24 crore in Q4 FY 2024-25.
Operational margins impacted by input cost volatility and weaker exports.
Management hopeful of a recovery by H2 FY 2025-26 with infra-led demand.
India’s prominent pipe manufacturing and steel solutions company Jindal SAW Limited reported a sharp fall in its consolidated net profit for the fourth quarter of financial year 2024-25. The company’s profit after tax (PAT) dropped by 82% year-on-year to ₹33.24 crore, down from ₹183.85 crore in the corresponding quarter last year.
The decline was largely attributed to weaker operational performance, lower export orders, and rising raw material costs, which dented profitability despite a steady demand in the domestic market. The company’s total income for the quarter stood at ₹4,075 crore, reflecting a marginal growth compared to ₹4,012 crore in Q4 FY 2023-24.
Operational margins also took a hit due to volatile input costs and pricing pressures across global and local markets. Management, however, expressed optimism about a demand revival in the second half of FY 2025-26, supported by infrastructure projects, oil & gas pipeline tenders, and government-backed initiatives.
Jindal SAW continues to focus on value-added products, new alloy grades, and expanding its seamless pipe business to cushion future earnings volatility.
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