16 Jan 2021 | 12:21 PM

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Steelco Gujarat posts Q1 net loss of Rs 11.63 cr
  Steelco Gujarat Ltd. | 16 Jan 2020 | 03:38 PM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 11.63 crore as compared to net loss of Rs 18.36 crore in the previous year quarter.


Net revenue of the company declined substantially by 72.39 per cent at Rs 8.76 crore in April-June quarter of this fiscal as against Rs 31.73 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 67.75 per cent to Rs 13.46 crore from Rs 41.73 crore in year ago period.


Other Income grew by 30.77 per cent at Rs 0.34 crore versus (Jun`18 Rs 0.26 crore).


Operating Profit slipped by 52.53 per cent to Rs -4.70 crore as against Rs -9.90 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.18 per cent in June quarter.


Interest declined by 2.49 per cent y-o-y to Rs 6.27 crore