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Metals company Manaksia Limited has returned to black posting a Rs 62 crore net profit in the December quarter, mainly on account of higher income.

The company had posted a net loss of Rs 65 lakh in the October-December period of the preceding 2021-22 fiscal, Manaksia said in a regulatory filing on Tuesday.

Its total income jumped to Rs 34.38 crore in the quarter ended December 31, 2022 from Rs 7.41 crore in the year-ago quarter.

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Total expenses were at Rs 31.42 crore, as against Rs 7.44 crore a year ago.

Kolkata-based Manaksia is the flagship company of the Manaksia Group. It is also involved in the manufacturing of galvanized steel, metal colour-coated sheets & coils and aluminum alloy ingots for the automotive sector. PTI ABI DRR