Mumbai: Wire rope manufacturer Usha Martin on Thursday said it net profit in the third quarter (Q3) of the current fiscal fell 17.59% to Rs26.74 crore over the corresponding period a year ago.
The firm had a net profit of Rs32.45 crore in third quarter last year, Usha Martin said in a filing to the Bombay Stock Exchange.
Net income rose to Rs512.93 crore in the latest quarter from Rs402.65 crore last year.
For the nine-month period ended 31 December, Usha Martin posted a net profit of Rs125.29 crore in December quarter, a 24.62% growth over to Rs100.53 crore in the same period last year.
Shares of Usha Martin surged 2.73% and were trading at Rs22.60 in the afternoon trade on the BSE.