PSL reports marginal rise in Q1 net profit

Pipe manufacturer - PSL has reported results for first quarter ended June 30, 2012.

The company has reported marginal rise of 2.28% in its net profit at Rs 14.81 crore for the quarter under review as compared to Rs 14.48 crore for the same quarter in the previous year. The total income from operation of the company has increased by 27.58% at Rs 638.15 crore for Q1FY13 as compared Rs 500.21 crore for the corresponding quarter previous year.

PSL is India’s largest producer / manufacturer of HSAW pipes, the line-pipe industry's preferred pipe, with production capacity in excess of the 1 MT mark.