Mahindra Ugine Steel Company has reported results for fourth quarter and year ended March 31, 2012.
On the standalone basis, the company has reported net profit of Rs 66.95 crore for the quarter and year ended March 31, 2012, against net loss of Rs 7.47 crore for the corresponding period last fiscal. Total income increased by 6.64% at Rs 395.02crore during the quarter under review from Rs 370.41 crore in the year-ago period.
Mahindra Ugine Steel Company is engaged in the manufacturing of alloy and special steel through Electric Arc Furnace (EAF) route and caters to the automotive, engineering, bearing and other industries. The company manufactures a wide array of products including skin components, underbody components, critical assemblies, chassis components and car body sheet metal (Body in White) parts with a total capacity of 30,000 metric tons.
