India’s Sandur Manganese & Iron Ores Limited (SMIOL) has reported a net profit of INR 1.63 billion ($19.59 million) for the fourth quarter (January-March) of the fiscal year 2023-24, a decline of 5.91 percent year on year, according to a company statement on Friday, May 17.
The company reported total sales revenues of INR 5.51 billion ($66.08 million) during the quarter, marking a decline of 9.21 percent year on year.
For the full fiscal year of 2023-24, the company achieved a total net profit of INR 2.39 billion ($28.67 million), a fall of 11.57 percent year on year, against a 41.10 percent fall in total sales revenue to INR 12.52 billion ($149.90 million).