The Hindu Business Line : Mukand's PAT up in Q4 at Rs 93 cr

MUKAND Ltd has reported a 7.22 per cent rise in profit after tax for the quarter ended March 31, 2005, to Rs 92.78 crore from Rs 86.53 crore for the year-ago period. Net sales/ income from other operations was up 37.82 per cent to Rs 418.04 crore (Rs 303.32 crore ).

For 2004-05, profit after tax was up by 1337.46 per cent at Rs 185.72 crore (Rs 12.92 crore) on a 46.21 per cent increase in net sales /income from other operations to Rs 1,511.47 crore (Rs 1,033.79 crore).

"Of the total segment revenue of Rs 1,672 crore recorded during the fiscal ended March 31, 2005, the steel division contributed Rs 1,435.96 crore (around 86 per cent). The industrial machinery division and the road construction division contributed Rs 94 crore and Rs 144.26 crore respectively.

"The sales of alloy and special steels in the steel division grew by 53 per cent primarily due to the strong performance of the automobile component segment that forms 80 per cent of the consumption of these products. The sales of stainless steel long products gained by 39 per cent with the increasing demand in the international markets,'' an official statement said.

The company's strategy of focussing on the auto component segment proved beneficial, the Managing Director, Mr Rajesh Shah, stated in a release.

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Mukand's PAT up in Q4 at Rs 93 cr