Jindal Saw Limited — Board Meeting, 02-05-2025: Outcome of Board Meeting

Jindal Saw has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated revenue stood at ₹20,822 Cr with a profit after tax of ₹159 Cr for the year. The board proposed a ₹2 per share dividend, totaling ₹128 Cr. The company completed amalgamation with three subsidiaries and exited its UK subsidiary with a small gain. Despite ongoing litigation with its subsidiary, management remains confident of a positive outcome and no investment impairment. Net debt declined on robust cash flows, operating margin held strong at 13.5%, and debt-to-equity improved to 0.40.