India’s Maharashtra Seamless Limited (MSL), a leading Indian producer of steel pipes and tubes, has reported a net profit of INR 1.76 billion ($21.32 million) for the second quarter (April-September) of the fiscal year 2022-23, up 92.14 percent year on year, a company regulatory filing on Thursday, November 3. The company reported a total income of INR 14.14 billion ($170.79 million) during the quarter, up 48 percent year on year.
According to the filing, the net margin realization of the company improved to 12.49 percent during the quarter, against 9.66 percent in the corresponding quarter of the previous fiscal year.