Electrosteel Castings’ Q1 net profit declines 7.25%

Electrosteel Castings has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has declined by 7.25% at Rs 27.90 crore as compared to Rs 30.08 crore for the corresponding quarter last year. However, its total income has increased by 16.54% at Rs 429.86 crore for the quarter under review from Rs 368.86 crore for the same quarter last year.

Electrosteel Castings (ECL) is engaged in the manufacturing solutions for water supply and sewerage systems. ECL has been certified for ISO 9001:2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation.