Jindal Saw Q3 Profit Plunges 49%, Margins Contract Sharply

• Jindal Saw reported a 49% year-on-year decline in Q3 net profit to ₹258 crore, down from ₹506 crore.
• Revenue from operations decreased by 6.2% to ₹4,943 crore, while EBITDA dropped 34.8% to ₹612.9 crore.
• EBITDA margin contracted significantly to 12.4% from 17.8% in the previous year's quarter.
• The company operates solely in the Iron & Steel Products segment and is appealing a Delhi High Court order regarding a ₹1,891.08 crore arbitral award for its subsidiary, Jindal ITF Limited.
• Jindal Saw's shares closed 3.64% lower at ₹154.14 on the NSE following the results.

Why It Matters: Jindal Saw experienced a significant financial downturn in Q3 with profit and margins sharply contracting.