Jindal Saw Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 16, 2024 at 03:32 am EST
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Jindal Saw Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 56,557.9 million compared to INR 51,579.4 million a year ago. Revenue was INR 56,967.6 million compared to INR 52,021.8 million a year ago. Net income was INR 5,315.6 million compared to INR 2,144.4 million a year ago. Basic earnings per share from continuing operations was INR 16.72 compared to INR 6.75 a year ago. Diluted earnings per share from continuing operations was INR 16.72 compared to INR 6.75 a year ago.
For the nine months, sales was INR 155,319.5 million compared to INR 126,797.6 million a year ago. Revenue was INR 156,336 million compared to INR 127,795.2 million a year ago. Net income was INR 11,704.5 million compared to INR 2,787.1 million a year ago. Basic earnings per share from continuing operations was INR 36.82 compared to INR 8.77 a year ago. Diluted earnings per share from continuing operations was INR 36.82 compared to INR 8.77 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 
