Jindal Saw says pressure on profits to continue in FY12

Jindal Saw expects pressure on profits will continue in the current fiscal year (2011-12) due to a continued rise in cost of raw materials. Revenue is also expected to remain under pressure during the year, as the increase in supply has outpaced rise in demand, the pipe maker said.

May 12, 2011 / 17:16 IST

Nachiket Kelkar
Moneycontrol.com

Jindal Saw expects pressure on profits will continue in the current fiscal year (2011-12) due to a continued rise in cost of raw materials. Revenue is also expected to remain under pressure during the year, as the increase in supply has outpaced rise in demand, the pipe maker said.

"The prices for inputs is increasing on the back of cocking coal prices, higher petroleum prices as well as increasing financing costs

first published: May 12, 2011 04:42 pm

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Jindal Saw says pressure on profits to continue in FY12

Jindal Saw expects pressure on profits will continue in the current fiscal year (2011-12) due to a continued rise in cost of raw materials. Revenue is also expected to remain under pressure during the year, as the increase in supply has outpaced rise in demand, the pipe maker said.

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