23, Feb, 2019
Usha Martin net loss narrows to Rs 35 crore in December quarter

Usha Martin net loss narrows to Rs 35 crore in December quarter

Usha Martin said on Tuesday its consolidated net loss narrowed to Rs 35.46 crore in the October-December quarter of 2018-19 from Rs 111.07 crore in the year-ago quarter.

Total income during the quarter under review grew to Rs 630.88 crore from Rs 509.85 crore during the October-December quarter of 2017-18, Usha Martin said in a BSE filing.

Usha Martin is one of the major wire rope manufacturers in the world and a leading speciality steel producer in India.Shares of the company ended 3.42 per cent down at Rs 31.05 apiece on BSE.