Press Releases
12 MAY 2011 Jindal SAW Limited Q4 PAT at Rs. 80.19 cr
Jindal SAW Ltd., a total pipe solution company in the country, today announced the unaudited (standalone) financial results for the fourth quarter ended March 31st, 2011. Blended EBITDA of the quarter ended 31st March, 2011, is approximately Rs. 8,212 PMT of total pipes sold whereas the EBITDA for full year 2010 – 11 is at Rs. 11, 350 PMT of pipes sold. This quarter witnessed lower production and higher sales. As per the company release the profitability of the Company for the March 2011 quarter remains under pressure due to.

(i) execution of low margin orders including HSAW orders of GAIL

(ii) Higher freight cost on few export consignments

(iii) Higher input and other costs for all the segments. Even though the demand for pipe products is expected to improve gradually, the increase in supply has outpaced the growth in demand. Further, the prices for inputs is increasing on the back of higher cocking coal prices, higher petroleum prices as well as increasing financing costs. Therefore in the coming quarters too the company expects pressure on revenue and profitability. To counter the impact of these issues, the company is working towards cost control, improvement in operational efficiency, effective utilization of resources and on the top of that giving high priority to the implementation of the iron ore segment. Order Book Position

• As at April, 2011, the order book is above US$ One Billion, slated to be executed by end of March 2012: o Large Diameter Pipes – US$ 790 Mio o Ductile Iron Pipes – US$ 185 Mio o Seamless Pipes – US$ 25 Mio

• The company has participated in various bids and is likely to get orders in phases. The current order book includes export orders of app. 55%. The major exports orders are from Middle East, Gulf region and South East Asia, China and Far East.