Maan Aluminium net profit shrinks 61.40% in the March 2020 quarter
India’s Maan Aluminium net profit declined 61.40% to INR 0.83 crore in the quarter ended March’20, as against INR 2.15 crore during the previous quarter ended March’19.
The company is one of the pioneers in the Aluminium extrusion industry in India. The aluminium company’s facility is based in Madhya Pradesh, Central India. Maan Aluminium is a preferred choice by many companies worldwide. The company is exporting its products globally and is accredited with One Star export house status.
It has been reported a drop in sales by 51.96% to INR 98.51 crore in the quarter ended March’20 as against INR 205.07 crore during the previous quarter ended March’19.
Net profit for the full year declined 17.67% to INR 7.55 crore for the year ended March’20 as against INR 9.17 crore during the previous year ended March ‘19. Sales declined 19.60% to INR 524.19 crore in the year ended March’20 as against INR 651.99 crore during the previous year ended March ‘19.
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