Total expenses fell 2.3% YoY to Rs 1,061.62 crore during the quarter. Employee benefits expense rose 9% to Rs 33.31 crore, while other expenses slipped 7% to Rs 219.31 crore compared with the same period last year, reflecting controlled cost measures.
Maharashtra Seamless manufactures carbon and alloy steel seamless pipes, ERW (electrical resistance welding) steel, and casting pipes. The company also owns a windmill.
Shares of Maharashtra Seamless declined 1.23% to settle at Rs 573.40 on the BSE.
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