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Shah Alloys turns black in Q2FY19

Shah Alloys has reported results for second quarter ended September 30, 2018.

The company has reported net profit of Rs 20.10 crore for the quarter under review against net loss Rs 3.59 crore for the same quarter in the previous year. Total income of the company increased by 28.30% at Rs 148.88 crore for Q2FY19 as compared Rs 116.04 crore for the corresponding quarter previous year.

Shah Alloys is engaged in the manufacturing of stainless steel. The company also has a minor operation in the form of a medical store.

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