India's Jindal Saw drops most in a month on profit drop

Jindal Saw

14/07/2026 11:07

** Shares of Jindal Saw JIND.NS settle 3.6% lower at 258.85 rupees, posting its biggest one-day drop since June 10
** Steelmaker posts 75% y/y drop in Q1 consol net profit to 1.04 billion rupees ($10.81 million)
** Expenses rise 15%, higher than the 9% rise in revenue 
** JIND is up 54% so far in 2026   

 ($1 = 96.1950 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com))