New Delhi, Nov 9 (PTI) RHI Magnesita India Ltd (PTI) has reported a consolidated net profit of Rs 71.60 crore for the September quarter, almost flat as compared to a net profit of Rs 72.23 crore in the year-ago quarter.

Its total income rose to Rs 989.71 crore from Rs 604.35 crore in the July-September period of the preceding 2022-23 fiscal, the refractory player said in a regulatory filing on Wednesday.

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"The quarter saw a strong growth in shipments, reflecting a positive demand outlook. Recently acquired assets complemented organic growth in volumes," RHI Magnesita India MD & CEO Parmod Sagar said.

"A change in product mix exerted pressure on realisations, capacity utilisations continued to improve through the quarter on a consolidated basis," it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)