Walchandnagar Industries has reported results for the second quarter ended September 30, 2011.
The company’s net profit for second quarter has tumbled 78.27% at Rs 2.21 crore as compared to Rs 10.17 crore for Q2FY11. The company’s total income have decreased by 16.95% at Rs 264.48 crore for the second quarter of current fiscal from Rs 318.46 crore for the corresponding quarter of the previous fiscal.
Walchandnagar Industries is diversified as a high-tech heavy engineering company, manufacturing critical equipment for India's diverse requirements in the field of defence, nuclear power and space programmes, and also for core sectors like cement plant machinery, steam generation and power projects, sugar plant machinery, industrial and marine gearboxes.
