After emerging from the red and posted profits for three successive years, the Kalamassery unit of HMT Machine Tools Limited has tried to continue good orders worth ₹ 60 crore to ₹ 70 crore for the current financial year. Ubiquitous epidemic.
The public sector company is also expecting another 300 million orders, which could further increase its prospects. Indian Railways, Defense and Ordnance Factories remain major customers of the company.
The Kalamassery unit is one of the six units of HMT Limited, a subsidiary of HMT Limited, a Bengaluru-based holding company.
The Kalamassery unit generated a sales turnover of ₹ 68.84 crore against the target of ₹ 67.64 crore and a target of ₹ 65 crore during 2020-21. The company subjected to an operating profit of ₹ 11.46 crore and a net profit of ₹ 3.37 crore, which was a commendable achievement given the challenges posed by the epidemic situation.
‘concerted efforts’
A company spokesperson attributed the achievement to the concerted efforts of the entire workforce ranging from trainee trainees to employees and senior executives. The company now has a pool of 128 employees.
The company lost nearly three months in an epidemic-induced lockdown. However, it had a hard time until the half-yearly issue, with the company exploding completely thereafter, eventually helping everyone to turn a profit with being aware of the fact that they would have been staring at troubled times without their committed efforts.
“However, we did not ignore the COVID-19 protocol and ensure strict compliance, which has helped us prevent epidemic infections to a large extent.”
The Kalamassery unit’s product line includes traditional and high-value machines including CNC laths and single / multi-color offset printing machines, and primarily directs gear catering to the defense, Indian Railways, Indian Navy and major auto manufacturers. .
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