Metals company Manaksia posts Rs 62 cr net profit in December-qtr

The company had posted a net loss of Rs 65 lakh in the October-December period of the preceding 2021-22 fiscal, Manaksia said in a regulatory filing on Tuesday

Q3 earnings, results
Press Trust of India New Delhi
1 min read Last Updated : Feb 15 2023 | 1:08 PM IST

Metals company Manaksia Limited has returned to black posting a Rs 62 crore net profit in the December quarter, mainly on account of higher income.

The company had posted a net loss of Rs 65 lakh in the October-December period of the preceding 2021-22 fiscal, Manaksia said in a regulatory filing on Tuesday.

Its total income jumped to Rs 34.38 crore in the quarter ended December 31, 2022 from Rs 7.41 crore in the year-ago quarter.

Total expenses were at Rs 31.42 crore, as against Rs 7.44 crore a year ago.

Kolkata-based Manaksia is the flagship company of the Manaksia Group. It is also involved in the manufacturing of galvanized steel, metal colour-coated sheets & coils and aluminum alloy ingots for the automotive sector.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Manaksia IndustriesQ3 resultsmetals

First Published: Feb 15 2023 | 1:08 PM IST

Next Story