India's Jindal SAW expects consolidated net profit to fall by 64% in the second quarter of fiscal year 2025-2026.

Indian company Jindal SAW Limited, a manufacturer of submerged welded steel pipes and a pellet manufacturer, reported consolidated net profit of INR 1,518.90 million (US$17.30 million) for the second quarter (July-September) of fiscal year 2025-26, which is 64.18 percent less than last year. According to the company's report released on Monday, Oct. 20.

The company reported total revenue of INR 42.6 billion (US$485.92 million) for the quarter under review, up 3.93 percent from last year.