Super Forgings & Steels loss narrows in Apr-Jun quarter
Source: IRIS | 13 Aug, 2014, 05.48PM
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Rating: NAN / 5 stars. |
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Super Forgings & Steels said its net loss for the quarter ended June 2014 has narrowed to Rs 0.40. During the quarter, the in the same quarter last year. Net sales for the quarter rose 19.48% to Rs 161.30 million, compared with Rs 135 million for the prior year period. In the era of closed door economy in India, Super Forgings & Steels (SFSL) played an important role in Import Substitution. With liberalisation, the company has also crossed geographical boundaries and entered the export market. SFSL moved on to manufacturing higher grades of steels in special sizes and thus created a niche market for itself. SFSL has continuously upgraded and modernised itself to keep pace with the everchanging demands in the steel sector.
Quarterly Results - Standalone (Rs in mn) | As at | Jun - 14 | Jun - 13 | %Change | Net Sales | 161.30 | 135.00 | 19.48 | Net Profit | (0.40) | (17.10) | - | Basic EPS | NA | NA | |
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