On Monday, Jindal Saw
reported nearly 90 percent surge in Q1FY16 net profit at Rs. 104.22 crore when compared with Rs. 54.90 crore in the corresponding quarter a year ago. Total income also increased by 66.4 percent to Rs. 1,912 crore from Rs. 1,149 crore.
Though the company has posted impressive results, they believe that the real push from the economy, when the building of infrastructure starts, is yet to come.
The company attributed the jump in EBITDA margin to its business strategies and focus on operational efficiencies. They are confident to sustain the performance for the next few quarters.
Presently, the company's order book stands at more than USD one billion. They are hopeful to add a few major projects to continue the upward trend of the margins.
The stock of the company closed at Rs. 80.60. The stock closed up 2.68% from its previous close which was at Rs. 78.50. It hit a high at Rs. 82.30 and low at Rs. 78.20. The total traded quantity is 18.82 lakh and two-week average quantity is 7.04 lakh.