Indian electric resistant welded (ERW) steel pipe and tube producer Maharashtra Seamless Limited (MSL) has reported a consolidated net profit of INR 2.18 billion ($25.67 million) in the fourth quarter (January-March) of the fiscal year 2023-24, a fall of 40.99 percent year on year, according to a company statement on Tuesday, May 28.
The company achieved total sales revenues of INR 12.14 billion ($146.19 million), a decline of 25.6 percent year on year.