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Electrosteel Castings turns black in Q3

14 Jan 2013 Evaluate

Electrosteel Castings has reported results for third quarter ended December 31, 2012.

The company has registered a net profit of Rs 33.09 crore Q3FY13 as compared to a net loss of Rs 10.78 crore in the corresponding quarter previous year. The total income of the company has also decreased by 4.23% to Rs 479.59 crore for the quarter under review as compared to Rs 500.79 crore in the same quarter last year.

Electrosteel Castings is engaged in the manufacturing solutions for water supply and sewerage systems. ECL has been certified for ISO 9001:2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation.

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