Technocraft Industries turns black in Q1

Technocraft Industries (India) has reported results for first quarter ended June 30, 2012.

The company has reported a net profit of Rs 22.16 crore for the quarter under review as compared to a net loss of Rs 7.32 crore for the same quarter in the previous year. The total income from operation of the company has increased by 35.67% at Rs 167.21 crore for Q1FY13 as compared Rs 123.25 crore for the corresponding quarter previous year.

Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.