India: Jindal SAW reports 27% y-o-y growth in income in Q4 FY ’21

Jindal Saw Limited has reported total income at INR 32,430 million, up 27% in Q4 FY ’21 against the year-ago period. Meanwhile, total income was recorded at INR 89,098 million in FY ’21, down 14% y-o-y. The leading seamless pipes and stainless steel manufacturer registered 23% y-o-y growth in Q4, while EBITDA for FY ’21 declined 19% at INR 12,571 million compared to FY ’20. JSAW performed well in Q4 FY ’21 on account of pent-up demand in the oil and gas and construction segments.