Uttam Galva Steels posts Q4 net loss of Rs 64.05 cr
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The company reported standalone net loss during the quarter stood at Rs 64.05 crore as compared to net loss of Rs 532.01 crore in the previous year quarter. Net revenue of the company rose substantially by 63.36 per cent at Rs 190.45 crore in January-March quarter of this fiscal as against Rs 116.58 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 43.40 per cent to Rs 200.96 crore from Rs 140.14 crore in year ago period. Other Income dipped by 83.87 per cent at Rs 4.51 crore versus (Mar'20 Rs 27.96 crore).
Operating Profit slipped by 55.39 per cent to Rs -10.51 crore as against Rs -23.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 72.69 per cent in March quarter. Interest declined by 100.02 per cent y-o-y to Rs -0.05 crore
