Pipe manufacturer Jindal Saw today reported a 46.36 per cent growth in net profit at Rs 146.48 crore for the third quarter ended September 2009. The firm had a net profit of Rs 100.08 crore in the September quarter of FY'09, Jindal Saw said in a filing to the Bombay Stock Exchange.
Total income, however, declined to Rs 1,372.85 crore during the September quarter, from Rs 1,486.41 crore in the corresponding period last fiscal.
The board has approved a stock split in the ratio of 1:5. The company would sub-divide one equity share of Rs 10 each into five share of Rs two a piece. Shares of Jindal Saw were trading at Rs 744.45, down 0.07 per cent in the late afternoon trade on the BSE.