Kalyani Forge back on track, net profit rises to Rs. 2.77 cr in Q1

By admin August 17, 2013 12:59 pm IST

Kalyani Forge Ltd., one of India’s oldest and most established manufacturers of precision forged and machined components, has posted a recovery in its net profit at Rs. 2.77 crore for the quarter ended June 30, 2013 as compared to a net loss of Rs. 16 lakh in the previous quarter ended March 31, 2013. This follows a growth of 8.54 per cent in the company’s total income from operations at Rs. 56 crore as compared to Rs. 51.63 crore in the previous quarter ended March 31, 2013.
While other income remained stagnant, cost of finance declined to Rs. 1.12 crore in the quarter as compared to Rs. 1.21 crore. The Earning Per Share (EPS) for the April-June quarter was Rs. 7.61 as compared to Rs. 0.44 for the previous quarter ended March 2013.

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