Uttam Galva Steels reports consolidated net loss of around Rs 335 crore in Q2
16th Oct 2019

Uttam Galva Steels has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 332.38 crore for the quarter under review as against net loss of Rs 580.58 crore for the same quarter in the previous year. However, total income of the company increased by 17.81% at Rs 131.11 crore for Q2FY20 as compared Rs 111.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 335.45 crore for the quarter under review as against net loss of Rs 584.82 crore for the same quarter in the previous year. Total income of the company decreased by 3.72% at Rs 141.69 crore for Q2FY20 as compared Rs 147.16 crore for the corresponding quarter previous year.