Usha Martin loss widens in Jan-Mar quarter
Source: IRIS | 25 May, 2015, 05.51PM
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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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