*Oil Country Tubular* announced a phenomenal rise in standalone net profit
for the quarter ended December 2008.

During the quarter, the profit of the company rose 2.31 times to Rs 242.48
million from Rs 104.76 million in the same quarter last year.

Net sales for the quarter rose 32.41% to Rs 1,204.76 million, while total
income for the quarter rose 27.55% to Rs 1,209.01 million, when compared
with the prior year period.

The company posted earnings of Rs 5.47 a share during the quarter,
registering 2.31 times growth over previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,204.76 909.87 32.41 *Net Profit* 242.48 104.76
131.46 *Basic EPS* 5.47 2.37 130.80

The company`s principal activity is the manufacture and marketing of steel
pipes and tubes. The company`s products include casing pipes, production
tubing, drill pipes, reconditioning jobs and services. The company operates
in the United States, Europe, India and other Asian countries.

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