MM Forgings has registered 43.56% jump in net profit at Rs 8.70 crore for the quarter ended March 31, 2012, compared with a profit of Rs 6.06 crore for the same quarter a year ago. The surge in net profit was largely due to extraordinary item of Rs 7.23 crore.
The company’s total income surged 21.12% to Rs 93.41 crore for the quarter under review as compared to Rs 77.12 crore for the corresponding quarter previous fiscal.
The PSU firm’s net profit for the full financial year 2011-12 fell 10.02% to Rs 26.75 crore in the year under review as against Rs 29.73 crore in FY11. However, total income increased by 28.70% to Rs 350.23 crore for the year ended March 31, 2012 from Rs 272.12 crore in FY11.
