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Lanco Industries turns black in Q3

28 Jan 2014 Evaluate

Lanco Industries has reported results for third quarter ended December 31, 2013.

The company has reported a net profit of Rs 8.83 crore for the quarter as compared to a net loss of Rs 9.11 crore for the same quarter in the previous year. Total income from operations of the company has increased by 22.09% at Rs 256.76 crore for quarter under review as compared to Rs 210.31 crore for the quarter ended December 31, 2012.

Lanco Industries is engaged in the manufacturing of DI pipes, foundry and SG-grade pig iron and portland slag cement with DI pipes being the main product.

Peers
Company Name CMP
AIA Engineering 3719.40
Alicon Castalloy 856.05
Nelcast 136.05
PTC Industries 24672.80
Synergy Green Inds. 597.40
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