Uttam Galva Steels Ltd on Wednesday said its consolidated net loss reduced to ₹159.61 crore during the quarter ended on June 30, 2020.
The company had posted a net loss of ₹269.38 crore on a consolidated basis during the same quarter a year ago, Uttam Galva Steels Ltd said in a BSE filing.
During April-June 2020, the company’s total income also reduced to ₹89.06 crore from ₹112.78 crore in year-ago-quarter.
Its total expenses during the said quarter were at ₹207.97 crore as compared to ₹183.78 crore in April-June of the period of preceding fiscal.
Uttam Galva Steels is one of the largest manufacturers of cold rolled steel and galvanized steel in western India.
Shares of the company on Wednesday ended 3.66 per cent down at ₹6.58
apiece on BSE.