HMT has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has reported a net loss of Rs 25.14 crore for the quarter ended June 30, 2012 against net loss of Rs 22.50 crore for the corresponding period last fiscal. Total income decreased by 40.26% at Rs 25.30 crore during the quarter under review from Rs 42.35 crore in the year-ago period.
HMT manufactures engineering goods like machine tools, watches, tractors, printing machines, die casting and plastic processing machinery, metal forming presses and bearings. It manufactures Mechanical and Quartz Analog watches. The manufacture of wristwatches started as part of diversification strategy of HMT in the year 1962, under Technical collaboration with CITIZEN Watch Company of Japan with a manufacturing unit at Bangalore.
| Company Name | CMP |
|---|---|
| BHEL | 386.95 |
| Thermax | 4732.00 |
| Kirloskar Oil Eng | 1964.95 |
| Skipper | 557.05 |
| GMM Pfaudler | 783.00 |
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