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Where's the slowdown

Some companies surpassed economic sluggishness and the demonetisation-induced slowdown

Mudar Patherya
Mudar Patherya

Even as a number of companies were complaining about the economic sluggishness and the demonetisation-induced slowdown, there were some companies doing better than ever. Maithan Alloys: The company has posted the kind of fourth quarter results that make you wonder whether what you read was a typographical error. Here is the PBIT (profit before interest and tax) sequence of the last four quarters: Rs 26 crore, Rs 14 crore, Rs 91 crore and Rs 141 crore — the kind of profit that most of this small company’s large steel customers would not have made in 2016-17. Besides, ...