It is pertinent to mention here that, Jindal Saw reported 239% rise in net profit for the July-September quarter, 2014-15, at Rs.74.60 crore on higher sales.
Net turnover of Jindal Saw in Q2, 2014-15 rose to Rs.1,589.50 crore from Rs.1,233.70 crore a year earlier.
As of 30th September, 2014, the company has orders worth around $1 billion and 65% of which is for large diameter pipes. The orders for large diameter pipes are slated to be executed by June 2015 and in case of ductile iron pipes, the same are slated to be executed over next 12-18 months or more.
It is to b e noted that, Jindal Saw Ltd was earlier (October, 20, 2014) recommended a buy at Rs.75.95, after which it made all time high of Rs.115.80.