Jindal Saw Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 17, 2023 at 08:09 am EDT
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Jindal Saw Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 51,880.4 million compared to INR 39,699 million a year ago. Revenue was INR 52,668.4 million compared to INR 40,116.6 million a year ago. Net income was INR 3,536.8 million compared to INR 1,269.3 million a year ago. Basic earnings per share from continuing operations was INR 11.14 compared to INR 4 a year ago. Diluted earnings per share from continuing operations was INR 11.14 compared to INR 4 a year ago.
For the full year, sales was INR 178,678 million compared to INR 132,984.2 million a year ago. Revenue was INR 180,463.6 million compared to INR 134,509.7 million a year ago. Net income was INR 6,323.9 million compared to INR 4,117.5 million a year ago. Basic earnings per share from continuing operations was INR 19.91 compared to INR 12.96 a year ago. Diluted earnings per share from continuing operations was INR 19.91 compared to INR 12.96 a year ago.
Jindal Saw Limited is an India-based company, which is a manufacturer and supplier of iron and steel pipes and pellets having manufacturing facilities in India, the United States of America (USA), Europe and United Arab Emirates (UAE). The Company has one primary business segment i.e. Iron & Steel products, on standalone basis. The Iron & Steel segment consists of the manufacturing of iron and steel pipes and pellets. Its Business Divisions consists of Welded Line Pipes; Ductile Iron (DI) Pipes; Seamless Pipes & Tubes, and Mining and Pellet division. The Company manufactures submerged arc welded (SAW) pipes and spiral pipes for the energy transportation sector; carbon, alloy and seamless pipes and tubes for industrial applications; DI pipes and fittings for water and wastewater transportation. It serves a range of customers' including oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes, and others.
JINDAL SAW LIMITED 
