India Earnings - Maharashtra Seamless, rose in profit

By Abhishek on 5:56 PM

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Maharashtra Seamless :  Announced a small rise in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 9.89% to Rs 639.10 million from Rs 581.60 million in the same quarter, last year.

Net sales for the quarter surged 56.16% to Rs 6,021.70 million, while total income for the quarter jumped 57.96% to Rs 6,183.10 million, when compared with the prior year period.

The company reported earnings of Rs 9.06 a share during the quarter, registering 9.95% growth over previous year period.
During the quarter, the operating margin of the company declined 691.31 basis points to 14.71% compared with the previous year period of 21.62%.

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