Man Industries Q1 results: Net profit grows over 4-fold to Rs 17 cr

Man Industries Q1 results: Net profit grows over 4-fold to Rs 17 cr

NEW DELHI: Pipe manufacturer Man Industries (India) Ltd on Wednesday posted an over four-fold jump in consolidated catch profit to Rs 17.11 crore for the June quarter, helped by elevated earnings.

The firm had posted a catch profit of Rs 3.63 crore at some stage in the identical interval a year prior to now, it acknowledged in a BSE filing.

Total earnings elevated to Rs 410.10 crore at some stage in the quarter below overview, from from Rs 244.87 crore earlier.

Total prices also rose to Rs 386.23 crore from Rs 240.64 crore in April-June interval of the previous fiscal.

In a separate assertion, the firm’s Chairman R C Mansukhani acknowledged, “All our plant operations receive resumed efficiently and we are relief no longer off target in terms of speak execution.”

“We are seeing apt traction from home to boot as international markets on the support of revival of quiz from key geographies and home sector already doing well with huge opportunities from several upcoming oil and gasoline and water projects handle Nal se Jal and river linking,” he added.

Man Industries (India) Ltd — a member of the Man Community of India — is a manufacturer and exporter of large diameter carbon steel line pipes for various excessive stress transmission positive aspects for gasoline, grievous oil, petrochemical products and potable water.




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