Jindal SAW Limited Q2 PAT up 94%

Jindal SAW Ltd., a total pipe solution company in the country, today announced the unaudited (standalone) financial results for the 2nd Quarter ended June 30, 2009. The net turnover has jumped 47% to Rs. 1,500.22 Crores from Rs. 1,017.54 Crores, EBITDA up 48% to Rs. 238.12 Crores from Rs. 161.34 Crores; PBT is higher by 93% at Rs. 180.31 Crores from Rs. 93.45 Crores during the same quarter in the previous year. The PAT is up 94% at Rs. 135.99 Crores from Rs. 70.20 Crores.

Company has recorded all round improvements in the financials. The higher profitability has been achieved by the Company as a result of improved productivity and bringing more efficiency in the operations in its various business segments.

About Jindal SAW Ltd.:
Jindal SAW Ltd is a part of USD 10 billion Jindal Group, the fourth largest industrial house in India. The group also has the distinction of having global footprints. Today commanding a market leader position it is a global major providing Total Pipe Solutions to the ever-growing needs of the industry.

Jindal SAW Ltd. is the leading production hub of SAW Pipes primarily used for transportation of oil and gas. With integrated facilities at multiple locations Jindal SAW has diversified into a multi-product company, manufacturing large diameter Submerged Arc Welded pipes and spiral pipes and bends for energy transportation sector; Carbon, alloy and stainless steel Seamless tubes manufactured by conical piercing process for industrial application and Ductile Iron pipes for water and sewage transportation. Besides this Company provides value added products and services like anti-corrosion coatings for pipe and bends, induction bends and connector casings. ISO 9002, 14001, 18001 certification awarded bespeak of Company’ continued commitment to the welfare, safety and security of employees as well as the custodian of best business practices.