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Engineering major McNally Bharat Engineering has logged in a net profit of Rs.3.6 crore for the second quarter of the 2009-10 fiscal as against the Rs.3.2 crore reported during the Q2 of last fiscal.
The current book order of the firm has been registered at Rs.2,925 crore.
"Order book as on Sep 30 stands at a healthy level of Rs.2,925 crore. Further, bids totalling Rs.4,910 crore are at different stages of decision, which includes Rs.859 crore where MBE emerged L1," the statement said.
"Considering the current order book, company expects to register a combined (including that of subsidiary McNally Sayaji) topline of around Rs.1,800 crore in FY10."
MBE major focus lies on bulk material handling, ash handling system and port handling systems.
"Due to the current slowdown in global economy, some of the private investments in steel and non-ferrous metal is expected to be delayed/deferred. However, we expect pump priming by the government in power sector shall balance the volume of business," the company statement added.
