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Maan Aluminium Ltd Q1FY24; 25% rise in Profits

Maan Aluminium Limited was incorporated in 1989, it is engaged in the business of manufacturing & trading aluminium profiles, aluminium ingots, aluminium billets etc. and other related activities. Currently, Maan is a standalone dealer of Aluminium ingots and Billets for Hindalco Industries Ltd. for North and South India. The company is also involved in the scrap trade for non-ferrous metals. They look to trade in Taint Tabor, Tread, Talk, Twitch, Tense and Zorba.

Financial Results:

Maan Aluminium Ltd reported Revenues for Q1FY24 of ₹207.00 Crores up from ₹173.00 Crore year on year, a rise of 19.65%.

Total Expenses for Q1FY24 of ₹196.00 Crores up from ₹163.00 Crores year on year, a rise of 20.25%.

Consolidated Net Profit of ₹10.00 Crores up 25.0% from ₹8.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.88, up 20.51% from ₹1.56 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: aluminium
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