Usha Martin loss widens in Jan-Mar quarter
Source: IRIS | 25 May, 2015, 05.51PM
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Rating: NAN / 5 stars. |
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Usha Martin said its net loss for the quarter ended March 2015 has widened to Rs 1,298.20 million on consolidated basis. It reported a net loss of Rs 94.30 million in the same quarter last year. Net sales for the quarter declined 6.51% to Rs 11,710.60 million, compared with Rs 12,525.60 million for the prior year period. Earnings per share stood negative at Rs 4.28 compared with negative Rs 0.32 in the same quarter last year.
Quarterly Results - Consolidated (Rs in mn) | As at | Mar - 15 | Mar - 14 | %Change | Net Sales | 11,710.60 | 12,525.60 | (6.51) | Net Profit | (1,298.20) | (94.30) | - | Basic EPS | (4.28) | (0.32) | - | Shares of the company gained Rs 0.45, or 2.19%, to settle at Rs 21.00. The total volume of shares traded was 52,285 at the BSE (Monday).
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