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Uttam Galva Steels net loss widens to Rs 580 cr in Jul-Sep

Press Trust of India  |  New Delhi 

Uttam Galva Steels' net loss widened to Rs 580.58 crore in the quarter ended on September 30, 2018, mainly due to high cost and a sharp decline in revenue.

The company had posted a net loss of Rs 213.26 crore during July-September period in 2017, Ltd said in a BSE.

Total income plunged to Rs 111.29 crore in July-September 2018 from Rs 900.27 crore in the year-ago quarter, according to the filing.

Its costs too zoomed to Rs 339.65 crore in the quarter under review from Rs 174.41 crore in July-September 2017.

is one of the largest manufacturers of cold rolled and in

Shares of the company closed 4.98 per cent down at Rs 8.58 apiece on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 22:35 IST