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Earnings Analysis: 
Man Industries Sales Down 4%
Author: Mita Yagnik
123jump.com
Last Update: 7:27 AM ET February 03 2010


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Man Industries (India) Limited third quarter total income fell 4% to Rs 439.3 crore and net profit was Rs 30.9 crore.

 
5:55PM Mumbai, India - Man Industries (India) Limited total income fell 4% and net profit was Rs 30.9 crore.

Man Industries (India) Limited, the manufacturer and exporter of large diameter carbon steel line pipes said third quarter total income fell 4% to Rs 439.3 crore from Rs 456.6 crore a year ago. Net profit for the quarter was Rs 30.9 crore compared to net profit of Rs 2.7 crore a year ago.

Man Industries (India) Limited, in the last one year traded as high as Rs 60.90 in January 2010 and as low as Rs 21.50 in March 2009. Based on the yesterday’s closing price of Rs 55.00 the company has market cap of Rs 2.93 billion.
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