Register to Subscribe



Home arrow News arrow Business News arrow MAN Industries registers 37% increase in net profit - Rs 91.97 cr in FY11
MAN Industries registers 37% increase in net profit - Rs 91.97 cr in FY11 Print E-mail
Written by Vijay   
Thursday, 26 May 2011
Mumbai: MAN Industries (India) Limited, a Large Diameter pipe manufacturing companies has reported a net profit of Rs 91.97 crores for the financial year ended March 31, 2011.

The company has reported Net Sales at Rs.1631crores for the financial year ended March 31, 2011 as compared to Rs.1524 crores of the previous year. Earnings per share (EPS) for the FY 11 stood at Rs17.26 as compared to Rs 12.59 in the previous year.

The company's board during its meeting held today took on record the audited financial results for the year ended March 31, 2011.

"We have done exceedingly well so far. Considering our current order book of Rs 1500 Crore, we are optimistic of our future growth. We have been aggressively bidding for new orders in domestic as well as international markets and hopeful of winning the orders in the year ahead," said R.C.Mansukhani, Chairman of the company.

Net sales stood at Rs 440 crore during the quarter ended March 31, 2011 as against Rs 453 crores reported in the same period last fiscal.Net profit for the quarter ended March 31, 2011 is down to Rs 18.62 crores, as against Rs 30.17 crores posted in the same period last fiscal year. Earnings per Share (EPS) for the quarter stood at Rs 3.50 as compared to Rs 5.66 in the corresponding period of last year.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768