MRO-Tek posts 23% PAT

BANGALORE: MRO-Tek Ltd has registered a 23 percent growth in profit after tax to Rs 1.40 crore in the first quarter ended June 30, 2004 from Rs 1.14 crore in the corresponding period last year. The company's total revenue stood at Rs 25.50 crore for Q1 2004 as opposed to Rs 20.79 crore for Q1 2003 showing a net growth of 20.8 percent.

MRO-Tek CMD, S Narayanan said, "We have met our expectations and are satisfied with our performance this quarter. Our operations have been further tightened and input costs in manufacturing reduced".





"Competitive landscape does not allow the local manufacturer to compete against imported goods. However, as manufacturers within the country we are confident of the future. Our capability to provide 24/7 support and service and nullify down time is superior and this remains the most critical aspect that customers look for, from company like ours, and MRO-Tek is ideally positioned to deliver the customer needs," he added.