Image Source : COMPANY WEBSITE/MANAKSIASTEELS.COM Manaksia Limited Q3 outcomes
Metals firm Manaksia Limited has returned to black posting a Rs 62 crore internet revenue within the December quarter. According to an change submitting by the Kolkata headquartered firm, the rise in revenue may very well be attributed to increased revenue.
The firm in the identical quarter within the final monetary 12 months had reported a internet lack of Rs 65 lakh, the corporate knowledgeable the exchanges.
Its whole revenue jumped to Rs 34.38 crore within the quarter underneath evaluate as in opposition to from Rs 7.41 crore a 12 months in the past. Its whole bills have been at Rs 31.42 crore as in comparison with Rs 7.44 crore YoY.
Shares of Manaksia slumped round 2 per cent throughout Wednesday’s commerce to cite Rs 144 apiece on NSE.
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The small cap firm’s shares have delivered multibagger returns to its buyers. The inventory has superior a whopping 87 per cent in 2023 to this point whereas it has yielded almost 93 per cent return up to now one 12 months.
Manaksia Limited is a flagship firm of the Manaksia Group. It can be concerned within the manufacturing of galvanized metal, steel colour-coated sheets & coils and aluminum alloy ingots for the automotive sector.
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Source: www.indiatvnews.com
