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MM Forgings reports 0.66% rise in Q2 net profit

06 Nov 2012 Evaluate

MM Forgings has reported results for second quarter ended September 30, 2012.

The company has reported a marginal rise of 0.66% in its net profit at Rs 6.05 crore for the quarter as compared to Rs 6.01 crore for the same quarter in the previous year. Total income of the company has increased by 6.84% at Rs 91.97 crore for quarter under review as compared to Rs 86.08 crore for the quarter ended September 30, 2011.

MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 Kg to 60 Kg. The company caters to the forging requirements of almost all sections of industry.

Peers
Company Name CMP
Bharat Forge 1735.00
Ramkrishna Forgings 694.25
MM Forgings 630.45
Happy Forgings 1684.30
Balu Forge Inds. 501.55
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