Usha Martin, a wire rope manufacturing firm, today said its net profit declined by 31.11 per cent to Rs 18.42 crore for the quarter ended December 31, 2009, over the same period in the previous fiscal.

Net sales dipped to Rs 439.85 crore for the third quarter ended December, against Rs 512.93 crore in the same period last year, Usha Martin said in a filing to the BSE.

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