Jindal Saw Ltd

Research report by 'Ventura Securities Ltd'
     
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Jindal Saw Ltd (JSL), offering total pipe solutions including high grade Submerged Arc Welded (SAW) pipes, Ductile Iron (DI) pipes and seamless pipes has reported excellent numbers which are above expectations. The PAT growth of 84.2% is mainly attributed to volume growth of 15.5% & 35% blended growth in EBIDTA/MT. Revenues on the other hand were down 25.8% at Rs 1,086.3 crore on account of fall in average realizations by 35.8% across all product  categories.


   
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