01 Oct 2020 | 1:23 PM

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COMPANYNEWS
India Steel Works Lt posts Q3 net loss of Rs 4.71 cr
  India Steel Works Ltd. | 17 Jan 2020 | 10:50 AM
Published on 02-13-2019
The company reported standalone net loss during the quarter stood at Rs 4.71 crore compared to net profit of Rs 0.89 crore in the previous year quarter. 


Net revenue of the company declined substantially by 46.28 per cent at Rs 133.58 crore in October-December quarter of this fiscal as against Rs 248.68 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 46.11 per cent to Rs 133.70 crore from Rs 248.10 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 1.14 crore versus (Dec`17 Rs 0.00 crore).


Operating Profit slipped by 102.09 per cent to Rs -0.12 crore as against Rs 5.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 103.90 per cent in December quarter.


Interest grew by 53.89 per cent y-o-y to Rs 2.97 crore