Jindal Saw, the manufacturer and supplier of iron and steel pipe products, has posted net profits of Rs. 80.7 crore for the Q3 ending December, a shift to positive income after a loss of Rs. 13.9 crore in the third quarter last year. The company had a net profit margin of 5.47% for this Q3, a sharp recovery from the -1.19% net profit margin in the same period last year.
The company saw an upswing in its gross turnover, which rose to Rs. 1,421 crore this Q3, an increase of 28.4% compared to the same period last year.