India’s Jindal SAW Limited, a maker of iron ore pellets and steel pipes, achieved a consolidated net profit of INR 869.00 million ($10.31 million) in the fourth quarter (January-March) of the fiscal year 2024-25, a decline of 81.90 percent over the corresponding quarter of the previous fiscal year, according to a regulatory filing on the company on Monday, May 5.
The company’s consolidated income was reported at INR 50.67 billion ($601.25 million), a fall of eight percent year on year.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.