Maithan Alloys Q3 profit flat sequentially at Rs 55 crore

The company manufactures ferro manganese, silico manganese and ferro silicon

Kolkata (West Bengal) [India], February 20: India's biggest manganese combination maker Maithan Alloys Ltd on Saturday detailed level successive development in its benefit at Rs 55.4 crore in Q3 FY21 when contrasted with Rs 54.9 crore in Q2 FY21, up by only 1 percent. 

Complete income from tasks expanded by 9 percent to Rs 446 crore from Rs 409 crore in a similar period while fabricating income went up by 2 percent to Rs 400 crore from Rs 393 crore. 

Notwithstanding, on a year-on-year premise, the benefit after duty was somewhere near 13 percent to Rs 54.9 crore in Q3 FY21 when contrasted with Rs 64 crore in Q3 FY20. 

Complete income from tasks declined by 5 percent from Rs 469 crore in Q3 FY20 to Rs 446 crore and assembling income plunged by 7 percent from Rs 430 crore to Rs 400 crore in Q3 FY21. 

Entire time Director and CEO Subodh Agarwalla said the organization anticipates government's solid spotlight on restoring the economy through execution of ventures and framework spending to drive interest for steel. 

"The public authority's proceeded with push on moderate lodging, rail route and metro activities will guarantee development in steel utilization. Expansion in steel utilization will push interest for ferro combinations," he said. 

Maithan Alloys makes ferro manganese, silico manganese and ferro silicon from its multi-locational plants at Kalyaneshwari in West Bengal, Visakhapatnam in Andhra Pradesh and Ri-Bhoi in Meghalaya. 

It has customers like SAIL, Tata and Jindal in India other than a worldwide customer base includes brokers and producers across five landmasses. (ANI)
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