UMIL turnover up 12% in Q2

Usha Martin India Ltd (UMIL) has posted 12% growth in turnover to Rs 938.98 crore in the second quarter (Q2) ended September 2012, compared to Rs 827.58 crore achieved during the same period last year.
The company's profit after tax (PAT) stood at Rs 22.85 crore for Q2 FY13 against a loss of Rs 62.69 crore reported for the same quarter last fiscal. For the half year ended September 2012, the company incurred a PAT of Rs 26.32 crore, compared to a loss of Rs 37.02 crore reported for the same period last year.
EBIDTA for Q2 FY13 was Rs 176.55 crore against Rs 147.76 crore in Q2 FY12.
The company's billet production during the period under consideration was up 19%. Coal production from its Daltonganj mine was up 138% while iron ore production increased 30% year-on-year.

Source: ISMW

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