{
  "id": 14964530,
  "title": "Jindal Saw September Quarter Profit Falls 74% As Higher Expenses & MENA Export Disruptions Weigh",
  "url": "https://urgent.news/2026/10/16/jindal-saw-september-quarter-profit-falls-74-as-higher-expenses-mena",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T13:05:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/jindal-saw-september-quarter-profit-falls-74-as-higher-expenses-mena-export-disruptions-weigh"
  },
  "original_language": "en",
  "account": "Jindal Saw reported a significant 74% decline in its consolidated net profit to Rs 35.28 crore for the September quarter, following higher expenses and disruptions in the Middle East and North Africa (MENA) export market. The company, which specializes in iron and steel pipe manufacturing, generated a net profit of Rs 138.56 crore in Q2 of the previous financial year 2025-26. The total income and expenses grew during the July-September FY27 period, with revenues reaching Rs 4,523.06 crore from Rs 4,264.04 crore in the same quarter a year earlier. However, costs also escalated to Rs 4,505.22 crore from Rs 4,090.90 crore in the same period. The company's order book for iron and steel pipes and pellets stood at USD 1,135 million, of which about 28% were export orders, mainly destined for the MENA region. Due to regional instability, all exports to the MENA market were halted on March 26, continuing into Q2 FY27 and negatively impacting capacity utilization and revenue recognition. Abu Dhabi operations have faced further complications due to disruptions in key maritime routes across the MENA region, leading to supply chain bottlenecks and operational constraints. These challenges have adversely affected Jindal Saw's financial performance in Abu Dhabi. In response to these setbacks, the company is actively exploring alternative export markets to diversify its export base and lessen the impact of ongoing disruptions.",
  "summary": "New Delhi, Oct 16: Jindal Saw on Friday posted a fall of over 74 per cent in consolidated net profit to Rs 35.28 crore in the September quarter, dragged down by higher expenses and poor market conditions. The company, which is in the manufacturing of iron and steel pipes, clocked a net profit of Rs 138.56 crore in the second quarter of the preceding 2025-26 financial year. Total income and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}