• Total Sales for Q1FY10 at ` 877.60 crore

• PAT for Q1FY10 stood at ` 20.65 crore

• EPS for Q2FY09 stood at ` 3.86

PSL Limited, a leading player in manufacturing and coating of pipes for transporting hydrocarbon products, water products, and steel structural applications within India, today reported consolidated net sales of ` 877.60 crore for the quarter ended June 30, 2010.

The operating profit for Q1, 2010 stood at ` 97.29 crore, and the PBIT stood at` 60.68 crore for the quarter.

The consolidated net profit for the first quarter stood at ` 20.65 crore, and the Earnings Per Share (EPS) stood at ` 3.86.

Commenting on the results, Mr. Ashok Punj, MD, PSL Limited said, “The quality & pricing of our products have always ensured that our order book remains healthy. With an improving economic scenario in front of us, we can expect significant growth in the domestic market with an increase in oil & gas pipeline-building activities, water transmission networks, and infrastructural development.”