Maan Aluminium reports above 200% Y-o-Y growth in net profit for 1QFY22
Maan Aluminium has presented the financial results of the first quarter of FY2022 ended on June 30, revealing a year-on-year increase of 222.98 per cent in net profit to INR 5.20 crore. In the June quarter of FY21, the company’s net profit stood at INR 1.61 crore.
On a quarter-on-quarter basis, Maan Aluminium recorded a dip of 1.14 per cent in its Q1 net profit from INR 5.26 crore.
Sales rose 141.74 per cent over the year to INR 120.70 crore in the quarter ended June 2021 as against INR 49.93 crore. On a quarter-on-quarter calculation, it declined 26.07 per cent from INR 163.27 crore.
Maan Aluminium Limited is an India-based company. The company is engaged in the business of manufacturing of aluminium profiles and other related activities.
For the full financial year 2020-21, net profit climbed 96.03% to INR14.80 crore, while sales declined 23.14 per cent to INR 402.88 crore.
The Company has a manufacturing facility located at Pithampur Industrial Area, Pithampur, Dhar District, Madhya Pradesh.
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