PSL Limited

Research report by 'Ventura Securities Ltd'
     
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PSL Ltd, the largest manufacturer of high grade large diameter HSAW pipes in India, has declared consolidated FY10 results which were well below street expectations. While the consolidated net revenues stood at Rs 869.3 crore, PAT was well below our estimates at Rs 20.7 crore. Consolidated EPS for Q1FY11stands at Rs 3.9.


Revenues on consolidated basis at Rs 869.3 crore


During the quarter under review, consolidated revenues stood at Rs 869.3 crore. The comparable figures for the corresponding quarter of the previous year were not available as PSL has reported figured for Q1FY10 quarter on standalone basis.


   
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