During the year under consideration, the net profit after tax has reduced to Rs. 0.80 crores from Rs. 1.66 crores as achieved during the f/y 2010-11. The lower net profit has been due to fall in turnover on account volatile market conditions and also due to sharp depreciation of Indian currency vis-à-vis the foreign currencies. The sharp fluctuations in the prices of non-ferrous metal overseas has also resulted in lower net profits.
With the support of Investors, Banks and Financial Institutions, Government Authorities, and our self motivated team of employees, we are expecting to cover this loss very soon and trying to move our graph towards consistent growth so that we can touch the milestone towards becoming a legend in metal industry in the world.