The firm had clocked a net profit of Rs 67.25 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company rose to Rs 1,875.60 crore in the January-March quarter of this fiscal from Rs 1,902.15 crore during the same quarter in 2015-16.
Its expenses were lower at Rs 1,701.79 crore from Rs 1,724.55 crore earlier.
The firm is a manufacturer and supplier of iron and steel pipe products, fittings and accessories with manufacturing facilities in India, the US, Europe and the UAE.
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