Jindal Saw Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 07, 2024 at 11:23 am EDT
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Jindal Saw Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 54,251.6 million compared to INR 51,880.9 million a year ago. Revenue was INR 54,936.8 million compared to INR 52,670.6 million a year ago. Net income was INR 5,021.8 million compared to INR 3,571.6 million a year ago. Basic earnings per share from continuing operations was INR 15.79 compared to INR 11.24 a year ago. Diluted earnings per share from continuing operations was INR 15.72 compared to INR 11.24 a year ago.
For the full year, the company reported sales was INR 209,576.9 million compared to INR 178,680.7 million a year ago. Revenue was INR 211,259 million compared to INR 180,609.5 million a year ago. Net income was INR 16,770.3 million compared to INR 6,439.5 million a year ago. Basic earnings per share from continuing operations was INR 52.75 compared to INR 20.27 a year ago. Diluted earnings per share from continuing operations was INR 52.68 compared to INR 20.27 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 
