Jindal Drilling reported a profit growth of 68.42 percent to Rs 12.48 crore in the third quarter from Rs 7.41 crore in the same quarter last year. Howveer, revenues declined 28.47 percent to Rs 78.17 crore. Speaking to CNBC-TV18, DP Jindal, Chairman of the company said that in Q3, the company reduced expenses which aided profit growth. In FY17, he expects low margins on new projects due to falling crude prices. Watch video for more.
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