|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
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.