Indian manganese alloy and ferroalloy producer Maithan Alloys Limited has reported a net profit of INR 981.40 million ($11.85 million) in the fourth quarter (January-March) of the fiscal year 2022-23, a decline of 59.44 percent over the corresponding period of the previous fiscal year, according to a company regulatory filing on Thursday, May 25.
The company reported a total revenue of INR 5.34 billion ($64.58 million) during the fourth quarter, down 36.12 percent year on year.