India: Jindal SAW reports 36% rise in profits in Q2FY’22

Jindal Saw Ltd. has announced its financial results for Q2FY’22. New orders worth INR 2,100 crore have been received primarily from the water and industrial sectors. Highlights:

• Company reported total income of INR 3,006 crore in Q2, up 23% y-o-y
• EBITDA surged by 71%, y-o-y, in Q2 to INR 411 crore
• Profit after tax (PAT) grew 36% in Q2FY’22 to INR 108 crore