MAN Industries Q3 net at Rs 25.67 crore

MAN Industries (India) Limited, one of the leading pipe manufacturing companies has reported a net profit at Rs.25.67 crore during the quarter ended December 31, 2010, as compared to Rs. 30.92 crore in the corresponding period a year. 

The company has posted higher net sales of Rs 1191 crore in the nine months ended December 31, 2010 as against Rs 1071 crore in the same period last year. The company has registered substantially higher net profit in the nine months period ended December 31, 2010 at Rs 73.35 crore, as compared to Rs 67.09 crore in the whole of the previous year. 

Company is well on its way to post highest ever profit in its history. 

The company’s board during its meeting held today took on record the un-audited financial results for the quarter ended December 31, 2010. 

The company has reported Net Sales at Rs.439.86 crore for the quarter ended December 31, 2010 in comparison to the corresponding Net Sales of Rs. 439.31 crore for the quarter ended December 31, 2010. 

Commenting on the results R C Mansukhani Chairman of the company said “We have done exceedingly well in the first nine months of the current financial year by registering record ever profit. Considering the opportunities and the current economic condition, we are sure of registering an impressive financial performance for the whole of this year at the end of current fiscal.”