Chennai: Srikalahasthi Pipes Ltd has announced ti achieved quarterly production of 79,491 tonne during the quarter ended 31 December, 2018, as compared to 67,271 tonne which is higher by about 18 per cent vis-à-vis corresponding quarter of the previous year.
The profit before tax for the quarter was Rs 45.19 crore as compared to Rs53.24 crore reported in the corresponding quarter of previous year. The profit after tax for the quarter Rs 31.15 crore as against Rs 39.46 crore.
Whole-time director of the company, G S Rathi, informed that the profitability has been affected mainly on account of higher cost of raw materials mainly of imported coal.
As regards the Capex under progress, he informed that the company’s project for installation of additional boiler to facilitate higher power generation was successfully commissioned during the quarter and the boiler is in operation satisfactorily.