Jindal Saw announces Q1 net profit of Rs.601.30 million

Jindal Saw Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:

The Company has posted a net profit of Rs 601.30 million for the quarter ended December 31, 2006 as compared to Rs 402.10 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 8213.80 million for the quarter ended December 31, 2005 to Rs 11936.20 million for the quarter ended December 31, 2006.

The company has announced the following Outlook:

Infrastructure is the foundation of economic, industrial and social development. The multiplier effect of infrastructure development on the economy is significant and it’s role as a stimulator of economic growth is indisputable.

The Pipe sector is seeing a robust demand in all the product segments. The Company, with a diversified product range, through its global footprint & delivery mechanism is fully geared up to meet the increasing demand of the industry.

The Company projects a significant growth in the SAW pipe, Seamless pipe and Ductile Iron Pipe industry which in turn caters to the infrastructure requirements of the economy.

Source : Equity Bulls

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