Leading SAW pipes manufacturer Man Industries (India) reported a ten-fold jump in its net profit at Rs 30.92 crore for the quarter ended December 31, 2009.
The company's net profit in the year-ago period stood at Rs 2.69 crore.
However, its net income from sales were down at Rs 439.31 crore from Rs 456.58 crore in the year-ago period, a company statement said here today.
The company's order-book currently stands at around Rs 1,500 crore.
Man Industries (India)'s Chairman R C Mansukhani said, "we have seen a marked improvement in our financial results during the third-quarter. We are optimistic about the performance of the company for the current financial year, as most of the orders we have bagged in the past are being executed in these quarters."