Mahindra Forgings has reported results for the second quarter ended September 30, 2013.
The company has reported 54.37% fall in its net profit at Rs 4.44 crore for the quarter as compared to Rs 9.73 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 18.83% at Rs 94.98 crore for quarter under review as compared to Rs 117.02 crore for the quarter ended September 30, 2012.
Mahindra Forgings is a part of the $14.4 billion Mahindra group, manufacturing World Class Forged and Machined products for automotive, agriculture, railway, mining, construction and other industries with production plants in India, Germany and UK.
