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Jindal Saw reports 49% rise in Q1 net profit

02 Aug 2018 Evaluate

Jindal Saw has reported results for first quarter ended June 30, 2018.

The company has reported 48.99% rise in its net profit at Rs 95.41 crore for the quarter under review as compared to Rs 64.04 crore for the same quarter in the previous year. Total income of the company increased by 55.10% at Rs 2346.00 crore for Q1FY19 as compared Rs 1,512.60 crore for the corresponding quarter previous year.

Jindal Saw manufactures and supplies iron and steel pipe products, fittings and accessories with various manufacturing facilities in various countries, including India, the United States, Europe and the United Arab Emirates (UAE).

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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