Megatherm Induction is primarily engaged in the business of manufacturing and selling capital equipment like induction melting and heating equipment, arc melting furnaces, ladle refining furnaces, continuous casting machines, transformers, etc., and various parts thereof that are required by the steel making industries, foundries, forging, and power sector. The company also carries on the business of repairs and contractors for servicing and production, modification, reconstruction, etc. of all types of engineering goods, equipment, plants, & machinery.
On a full-year basis, the company's net profit advanced 48% to Rs 20.72 crore on a 15.2% rise in revenue to Rs 306.25 crore in FY24 over FY23.