Jindal Saw Q4 net profit grows two-fold to Rs 294 cr

Jindal Saw on Wednesday posted a more than two-fold rise in its consolidated net profit to Rs 294.19 crore during the January-March quarter of 2022-23 on account of higher income.

It had clocked a net profit of Rs 121.84 crore during the January-March quarter of FY2021-22, the company said in a regulatory filing. Its total income during the fourth quarter rose to Rs 5,266.84 crore from Rs 4,011.66 crore in the year-ago period.

Total expenses of the company were Rs 4,874.20 crore in the quarter under review as against Rs 3,807.12 crore. The Board of Directors has recommended a dividend of Rs 3 per equity share of Rs 2 each for the year ended March 31, 2023, aggregating to Rs 95.93 crore. The group has two primary business segments iron and steel products and waterways logistics.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)