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.

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