The steel manufacturer reported a net profit of Rs 10.3 crore as against a loss of Rs 5.7 crore year-on-year (Y-o-Y) while its total income fell 0.6 percent to Rs 677.6 crore. Operating margins improved to 14 percent in the first quarter.
In an interview with CNBC-TV18, Rajesh V Shah, Co-Chairman and MD of Mukand said the company is receiving good demand from the automotive sector which is reflected in this quarter.
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