PSL FY11 consolidated net halves, Q4 net 47.5 million rupees

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PSL FY11 consolidated net halves
PSL Ltd., the largest manufacturer of Helically Submerged Arc Welded (HSAW) pipes, declared their consolidated financial result for year ending March 2011.

HSAW pipes are generally used for water but has found acceptance in oil and gas transportation industry.

Net income from the operation is reported at Rs. 778 crore with consolidated net profit of Rs. 4.75 crore, for the quarter ending March 2011.

The company announced the consolidated net income of Rs. 3220 crore for the year ending March 2011 compared to Rs. 3994 crore for last fiscal.

Similarly, net profit for the year ending March 2011 decreased to Rs. 55.2 crore for the year ending March 2011 compared to Rs. 123 crore for last fiscal.

PSL Ltd. has acquired projects from companies like Essar, GAIL and L&T.

Read more about: psl, results, infrastructure, essar, gail
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