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Ratnamani Metal reports 89.56% rise in Q2 net profit

02 Nov 2012 Evaluate

Ratnamani Metal has reported results for second quarter ended September 30, 2012.

The company has reported 89.56% rise in its net profit at Rs 44.47 crore for the quarter ended September 30, 2012 as compared to Rs 23.46 crore for the same quarter in the previous year. However, total income of the company has decreased by 2.13% at Rs 301.78 crore for quarter under review as compared to Rs 308.35 crore for the quarter ended September 30, 2011.

Ratnamani Metals is into manufacture of high end application products which are used in wide range of core industries and it is upbeat about the domestic demand from power, line pipes in oil and gas, petrochemicals and fertilizers.

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