It is reported that Mukand has posted 28.4% rise in net profit for the Q1 of the current fiscal, riding on an increase in prices of certain products and a pickup in the industrial engineering business. The company s bottomline increased to INR 14.32 crore up from INR 11.15 crore last year.

Mr Rajesh Shah MD of Mukand said “Its revenue in the April to June period fell 22% to INR 436.58 crore. It s been a difficult period with the slowdown in most of our major markets, but a reasonable growth in the industrial machinery business aided our growth.”