India’s Jindal SAW Limited, a manufacturer of submerged arc welded pipes and carbon and alloy steel seamless pipes, has reported a consolidated net profit of INR 5.021 billion ($60.14 million) for the fourth quarter (January-March) of the fiscal year 2023-24, up 40.60 percent year on year, according to a company regulatory filing on Wednesday, May 8.
The company reported total sales revenue of INR 54.93 billion ($657.92 million) for the given quarter, up 4.32 percent year on year.
For the full fiscal year 2023-24, the company reported a consolidated net profit of INR 16.8 billion ($200.84 million), marking a rise of 160 percent year on year, while the total income during the year was recorded at INR 211.2 billion ($2,545 million), a rise of 16 percent year on year.