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MSP Steel & Power, Surana Industries Results

June 8, 2007

MSP Steel & Power reported net profit of Rs 9.98 crore in the quarter ended March 2007 as against net loss of Rs 0.78 crore during the previous quarter ended March 2006. Sales rose 119.84% to Rs 69.38 crore in the quarter ended March 2007 as against Rs 31.56 crore during the previous quarter ended March 2006. For the full year, net profit rose 1735.45% to Rs 20.19 crore in the year ended March 2007 as against Rs 1.10 crore during the previous year ended March 2006. Sales rose 149.61% to Rs 210.52 crore in the year ended March 2007 as against Rs 84.34 crore during the previous year ended March 2006.

Net profit of Surana Industries declined 17.86% to Rs 9.38 crore in the quarter ended March 2007 as against Rs 11.42 crore during the previous quarter ended March 2006. Sales rose 10.88% to Rs 277.39 crore in the quarter ended March 2007 as against Rs 250.17 crore during the previous quarter ended March 2006. For the full year, net profit rose 31.19% to Rs 30.75 crore in the year ended March 2007 as against Rs 23.44 crore during the previous year ended March 2006. Sales rose 23.88% to Rs 774.88 crore in the year ended March 2007 as against Rs 625.52 crore during the previous year ended March 2006.

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