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Mahindra Composites swings into profit in Q4 at Rs 0.66 cr

30 April 2014 (12:08AM)

Mahindra Composites Ltd, engaged in manufacturing and selling SMC/DMC compounds, on Tuesday announced it has reported net profits at Rs 0.66 crores for the fourth quarter ended March 2014, driven by strong revenue from polymer composite compounds, polymer composite components and manufacturing of moulds. “The net loss of the company stood at Rs 0.34 crore during the same period a year ago,” said Mahindra Composites in a filing to the BSE on April 29, 2014. Meanwhile, the total income of the company increase by 70.58 per cent to Rs 20.06 crore during Q4 2013-14, from Rs 11.76 crore during the same period a year ago. Undermining strong earnings, shares of the company were trading at Rs 92.10 a piece, down 4.06 per cent from previous close on BSE.


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