Published on 14/02/2020 12:25:15 PM | Source: Dion Global Solutions Ltd

Uttam Value Steels posts Q3 net loss of Rs 131.28 cr

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The company reported standalone net loss during the quarter stood at Rs 131.28 crore as compared to net loss of Rs 391.91 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.24 per cent at Rs 533.62 crore in October-December quarter of this fiscal as against Rs 622.24 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 5.29 per cent to Rs 645.87 crore from Rs 613.42 crore in year ago period.

Other Income dipped by 24.90 per cent at Rs 10.98 crore versus (Dec'18 Rs 14.62 crore). Operating Profit slipped by 1372.68 per cent to Rs -112.25 crore as against Rs 8.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1581.69 per cent in December quarter. Interest grew by 36.62 per cent y-o-y to Rs 0.97 crore