Uttam Galva Steels' net loss widened to Rs 580.58 crore in the quarter ended on September 30, 2018, mainly due to high finance 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, Uttam Galva Steels 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 finance costs too zoomed to Rs 339.65 crore in the quarter under review from Rs 174.41 crore in July-September 2017.
Shares of the company closed 4.98 per cent down at Rs 8.58 apiece on BSE.
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