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Readymade Steel reports marginal rise in Q4 net profit

02 Jun 2012 Evaluate

Readymade Steel has reported results for fourth quarter and year ended March 31, 2012.

The company has posted a rise of 1.59% in its net profit at Rs 0.64 crore for the quarter ended March 31, 2012 as compared to Rs 0.63 crore for the same quarter in the previous year. However, income from operation has decreased by 39.61% at Rs 15.17 crore for quarter under review as compared to Rs 25.12 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012 the company has posted a marginal fall of 0.88% in its net profit at Rs 2.26 crore as compared to Rs 2.28 crore in the previous year. Income from operation has decreased by 26.28% at Rs 74.49 crore for year under review as compared to Rs 101.05 crore for the period ended March 31, 2011.

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