|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Kolkata, Nov 6 (IANS) Leading wire rope and specialty steel manufacturer Usha Martin Tuesday reported a consolidated net profit of Rs.22.85 crore for the quarter ended Sep 30, 2012, against a net loss of Rs.62.69 crore for corresponding period last year.
Net sales of the Kolkata-based company during the period under review increased to Rs.938.98 crore from Rs.827.58 crore in the same period a year ago.
Suboptimal business condition, slowdown in domestic auto sector kept sales and margins under pressure, the company said in a release.
"Implementation of new projects to further enhance competitiveness in specialty steel segment - beneficiation, pellet, coke oven, DRI and 35 MW waste heat power - are underway," it added.