Uttam Galva Q2 net down 23% to Rs 18 cr
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Last Updated: Fri, Oct 21, 2011 17:13 hrs
Uttam Galva Steels today reported an around 23% decline in net profit for the quarter ended September 30 to Rs 17.83 crore on account of high raw material costs.
The company had reported a Rs 23.14 crore net profit for the same quarter last fiscal, it said in a statement.
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Net sales of the company also declined to Rs 1,292 crore during the July-September quarter of FY2011-12 from Rs 1,304 crore in the year-ago period.
s consumed raw materials worth Rs 968 crore during the quarter, compared to Rs 863 crore in the same quarter last fiscal.
Scrips of the company were down 1.17% at Rs 71.6 apiece at around 1430 hours on the BSE today.
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