McNally Bharat Q3 net decline 56%

KOLKATA: McNally Bharat Engineering Company Ltd today reported a sharp decline in net profit to Rs 5.44 crore during the third quarter ended December 2012.

It was down by 56 per cent over the corresponding period's profit of Rs 12.51 crore.

Net sales were higher at Rs 516.93 crore during the quarter under review against Rs 490 crore in the corresponding period last year, Deepak Khaitan controlled engineering company said in a filing to BSE.