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Mahindra Ugine Steel Company net profit declines 99.36% in the March 2013 quarter

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Capital Market
Net profit of Mahindra Ugine Steel Company declined 99.36% to Rs 0.43 crore in the quarter ended March 2013 as against Rs 66.95 crore during the previous quarter ended March 2012. Sales declined 58.14% to Rs 155.13 crore in the quarter ended March 2013 as against Rs 370.57 crore during the previous quarter ended March 2012.

For the Audited full year,net loss reported to Rs 33.72 crore in the year ended March 2013 as against net profit of Rs 36.89 crore during the previous year ended March 2012. Sales declined 39.53% to Rs 869.51 crore in the year ended March 2013 as against Rs 1437.96 crore during the previous year ended March 2012.

 
ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales155.13370.57 -58 869.511437.96 -40 OPM %7.575.28 43 1.993.24 -38 PBDT5.918.82 -33 -22.80-4.42 -416 PBT2.100.52 304 -42.96-35.85 -20 NP0.4366.95 -99 -33.7236.89 PL

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First Published: May 04 2013 | 2:55 PM IST

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