maharashtra seamless share gave 380 percent return in three years
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Maharashtra Seamless Ltd’s revenue declined 8.35% year-on-year (YoY) to Rs 1222.94 crore in the first quarter of FY24. However, the company’s operating profit and profit after tax (PAT) grew by 18.90% YoY and 47.23% YoY to Rs 277.34 crore and Rs 215.34 crore, respectively.
Recently, the company has received fresh orders from Oil India Limited and IOCL Limited for the supply of seamless pipes aggregating to Rs.157 crores.
Maharashtra Seamless Limited is a part of the DP Jindal Group. The company manufactures seamless pipe with an estimated 4,50,000 TPA2 production capacity and ERW pipe with an estimated 1,25,000 TPA1 production capacity at its manufacturing facility in Raigarh, Maharashtra.
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