 "Uttam Galva Steels Q1 Net dips 38%")
Uttam Galva Steel today reported a 38% decline in net profit at Rs 6.32 crore for the first quarter ended June 30, 2013, due to lower sales.
The company had clocked Rs 10.24 crore net profit in the April-June quarter of last fiscal, it said in a BSE filing.
Total operating revenue of Uttam Galva Steels fell to Rs 1,336.76 crore during the quarter from Rs 2,057.72 crore a year earlier.
Also Read
Meanwhile, interest out of the company decreased to Rs 51.37 crore from Rs 81.43 crore a year ago, it said.
Total expenditure also fell to Rs 1,280.22 crore from Rs 1,954.46 crore during the April-June period of the last fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%