Mipco Seamless Rings Gujarat Posts Rs 0.06 Crore Net Profit for Q2 FY2026

Mipco Seamless Rings, a subsidiary of the Mipco Group, released its financial results for the June 2026 quarter, reporting a standalone net profit of Rs 0.06 crore. The company, which specializes in manufacturing seamless rings for the automotive and industrial sectors, saw a modest profit despite market volatility. Analysts noted that the profit margin was lower than the previous quarter, indicating potential pressure on costs or sales volumes. Mipco’s management said it would focus on cost optimization and product diversification to improve profitability in the coming quarters.