Usha Martin has reported results for third quarter ended December 31, 2012.
The company’s net profit has tumbled by 92.03% at Rs 2.44 crore in the third quarter as compared to Rs 30.63 crore for the same quarter in the previous year. However, total income from operation of the company has increased by 3.77% at Rs 739.73 crore for quarter under review as compared to Rs 712.84 crore for the quarter ended December 31, 2011.
Usha Martin is a major manufacturer of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery.
