Wire rope manufacturer Usha Martin today said its net profit in the third quarter of the current fiscal fell 17.59 per cent to Rs 26.74 crore over the corresponding period a year ago.
The firm had a net profit of Rs 32.45 crore in third quarter last year, Usha Martin said in a filing to the Bombay Stock Exchange.
Net income rose to Rs 512.93 crore in the latest quarter from Rs 402.65 crore last year.
For the nine-month period ended December 31, Usha Martin posted a net profit of Rs 125.29 crore in December quarter, a 24.62 per cent growth over to Rs 100.53 crore in the same period last year.
Shares of Usha Martin surged 2.73 per cent and were trading at Rs 22.60 in the afternoon trade on the BSE.
