Maharashtra Seamless Q1 net spurs 142 pc

Mumbai, Jul 18: Maharashtra Seamless has posted a 142.54 per cent increase in net profit at Rs 60.03 crore for the quarter ended June 30, 2006 as compared to Rs 24.75 crore for the quarter ended June 30, 2005.

Announcing this, the Company said its total income (net of excise) has increased by 69.49 per cent to Rs 344.87 crore for Q1 FY 06-07 from Rs 203.47 crore in Q1 FY 05-06.

Maharashtra Seamless, a flagship company of DP Jindal group, incorporated in the year 1988, claims to be the largest manufacturer of seamless steel pipes and tubes in India with a production capacity of over 250,000 MT per annum.

UNI