Adhunik Metaliks Limited has declared its unaudited consolidated and standalone results for the three month period ended June 2010.

The consolidated net profit of the top producer of specialty alloy steel and engineering steel grew by 208.58% during April to June period.

The company consolidated net sales remained up by 39.16% at INR 428.44 crore as against INR 307.87 crore during the same period of last year. Net profit during the quarter surged 208.58% at INR 56.43 crore as against INR 18.29 crore during the corresponding period of 2009.

Mr Manoj Kumar Agarwal MD of Adhunik Metaliks Ltd said that "Our focus on engineering and alloy steel segment is helping us to achieve sustained growth. In line with our expectations, the growing mining business is adding strength to Adhunik in creating competitive edge. Our power business is also implementing its projects in full swing.”