17 Jan 2021 | 9:44 PM

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Steelco Gujarat posts Q2 net loss of Rs 31.48 cr
  Steelco Gujarat Ltd. | 16 Jan 2020 | 03:38 PM
Published on 12-13-2018
The company reported standalone net loss during the quarter stood at Rs 31.48 crore as compared to net loss of Rs 15.45 crore in the previous year quarter.


Net revenue of the company declined substantially by 86.75 per cent at Rs 20.52 crore in July-September quarter of this fiscal as against Rs 154.87 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 79.60 per cent to Rs 33.55 crore from Rs 164.48 crore in year ago period.


Other Income dipped by 31.25 per cent at Rs 0.11 crore versus (Sep`17 Rs 0.16 crore).


Operating Profit surged by 33.92 per cent to Rs -12.87 crore as against Rs -9.61 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 911.77 per cent in September quarter.


Interest grew by 41.51 per cent y-o-y to Rs 7.33 crore