India's Jindal Saw falls after quarterly profit drops

Jindal Saw

19/10/2026 05:38

** Shares of Jindal Saw JIND.NS fall as much as 7.6% to 278.70 rupees, last down 2.1%
** Steelmaker's Q2 consol net profit drops to 470.4 million rupees ($4.96 million) from 1.52 billion rupees last year 
** Total expenses rise over 10% YoY
** JIND's revenue rises 5.6% to 44.72 billion rupees
** YTD, stock up 76%
     
($1 = 94.7600 Indian rupees)

 (Reporting by Puyaan Singh in Bengaluru)
 ((puyaan.singh@thomsonreuters.com))