ISMT has reported results for first quarter ended June 30, 2012.
The company has reported a net loss of Rs 15.59 crore for the quarter under review as compared to a net profit of Rs 18.56 crore for the same quarter in the previous year. The total income from operation of the company has decreased marginally by 1.86% at Rs 469.56 crore for Q1FY13 as compared Rs 478.46 crore for the corresponding quarter previous year.
ISMT is engaged in manufacturing of specialized seamless tubes, alloy steel and proves engineering services. The company also manufactures products such as bearing rings, gear blanks, shifter sleeves, cages for constant velocity joints, swaged and machined axles, threaded and coupled casings, couplings and a host of similar products.