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Gallantt Ispat registers over two fold rise in Q2 net profit

07 Oct 2013 Evaluate

Gallantt Ispat has reported results for second quarter ended September 30, 2013.

The company has reported 122.33% rise in its net profit after tax at Rs 4.78 crore for the quarter as compared to Rs 2.15 crore for the same quarter in the previous year. Total income from operations of the company has increased by 26.54% at Rs 116.83 crore for quarter under review as compared to Rs 92.33 crore for the quarter ended September 30, 2012.

Gallantt Ispat is engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Mild Steel Structural) and wheat flour products.

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