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Steel wire rope maker Usha Martin Ltd has expanded its losses. The company reported a net loss of Rs 92.12 crore during the second quarter to September 30 this year against a net loss of Rs 72.88 crore in the corresponding quarter last year.
During 2014-15, it had reported a net loss of Rs 292.41 crore. In the first half of 2015-16, its net loss stood at Rs 163.36 crore (Rs 109.03 crore).
The one-rupee Usha Martin stock finished trading on BSE at Rs 15.95, up two per cent.
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