Jindal SAW Ltd. announces the Unaudited Financial Results (Standalone) for the 2nd quarter ended 30th September 2012

Jindal SAW Ltd., a total pipe solutions company in the country, announced its Unaudited Financial Results for the 2nd quarter ended September 30th, 2012 as adopted by the Board of Directors in the meeting held today.

The Net Turnover for the second quarter stands at Rs. 16,352 millionin comparison to Rs. 14,459 million in the corresponding quarter last year. Blended EBITDA of the second quarter ended September 30th, 2012, is approximately Rs. 8595 PMT of total pipes sold whereas the EBITDA for the 2nd quarter ended September 30th 2011 was approximately Rs. 7313 PMT of pipes sold.

Company is witnessing a progressive demand along with a healthy trend in medium to long term but currently the demand is witnessing a weaker trend due to mismatch in demand and supply leading to pressure on realization and profitability. Further, the company is expected to get benefits of the investments made / to be made in various projects including iron ore and pallet plant which would add to the turnover and profitability of the company in future.