Maithan Alloys' consolidated net profit zoomed 132.24% to Rs 143.85 crore in Q2 FY25 as against Rs 61.94 crore posted in Q2 FY24.
Revenue from operations was at Rs 464.22 crore in the second quarter of FY25, up 4.63% as against Rs 443.65 crore posted in corresponding quarter previous fiscal.The company's profit before tax (PBT) spiked 151.01% year on year to Rs 217.45 crore in the quarter ended 30 September 2024.
Total expenses rose 2.25% year on year to Rs 425.97 crore in the quarter ended September 2024. Cost of raw material consumed fell by 27.94% to Rs 173.69 crore and employee benefit expense increased by 15.27% to Rs 12.53 crore in Q2 FY25.
On half year basis, the companys net profit soared 392.19% to Rs 598.75 crore in H1 FY25 as against Rs 598.75 crore posted in H1 FY24. Revenue from operations fell 0.94% to Rs 839.29 crore in H1 FY25 as against Rs 847.31 crore posted in H1 FY24.
Maithan Alloys is among India's leading manufacturers and exporters of niche value-added manganese alloys. It customized manganese alloys to large and growing steel companies across the world.
Shares of Maithan Alloys advanced 2.12% to end at Rs 1,052.50 on the BSE.
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